2.20.020 Objectives.
The Borough’s policy with respect to the management of all risk of accidental loss shall have as its objectives:
A. The protection of the Borough against the financial consequences of accidental loss which are catastrophic in nature;
B. The preservation of Borough assets and public service capabilities from loss, destruction or depletion;
C. The minimization of the long-term cost to the Borough of all activities related to identification, prevention and control of accidental losses and their consequences;
D. The creation of a system of internal procedures providing a constant reassessment of fluctuating exposure to loss, loss-bearing capacity and available financial resources, including insurance;
E. The establishment, to the extent possible, of an exposure-free work and service environment in which Borough personnel, as well as members of the public, can enjoy safety and security in the course of their daily pursuits. (Ord. 78-32 § 2, 1978. 2004 Code § 2.05.020.)