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44 APPENDIX C Interview Questions 1. Please provide the following: a. Size of RM staff b. Reporting level (to whom) c. Is Risk Manager a member of senior staff? d. Your airport operating revenue size 2. How do you determine risk management best practices? Do you seek the advice of your industry peers? If so, how often and for which functions or activities do you seek peer advice? Do you contact peers from private busi- ness and non-airport public entities, or do you solely use airport risk management peers? 3. Has the recent soft market prompted any of the following purchasing activities within your facility? a. Keeping premiums flat but increasing limits b. Keeping limits/deductibles flat, and taking advantage of price reductions c. Keeping premiums and limits flat, but adding coverage enhancements d. Adding new lines of insurance coverage that were not previously purchased e. Adding war/risk coverage and/or TRIA coverage for airport general liability coverage 4. Is your entity protected by TORT limits? If so, what is the amount of the cap and does this influence your buying decision? 5. In your organization who ultimately determines (a) type of coverage purchased and (b) cost of coverage pur- chased? As the Risk Manager, do you possess the ultimate authority to bind the coverage and/or forgo certain coverage, or are you required to obtain final sign off/concurrence from another (board, commission, or other airport, city, or county personnel, for example)? 6. Have you recently dropped or added any insurance coverage/product due to either availability or affordability issues? If so, which lines were dropped and why? 7. On the subject of "risk assessment" within your organization, please describe your process and how it leads to purchasing decisions at your organization. How often do you conduct such risk assessments? Please advise the format/template used, if any. 8. For war and terrorism risks, do you purchase coverage for liability lines? For property lines? If so, what drives that purchasing decision and the limits purchased? If you do not purchase war/terrorism insurance, describe how you intend to fund property and/or general liability losses as a result of an act of war or terrorism? 9. Aside from the purchase of insurance or deliberate risk retention, what other risk mitigation techniques do you use for those risks that you: a. Choose not to insure, b. For which coverage is not an option at all, or c. For where coverage is available but you have chosen not to purchase insurance? 10. How has the evolving role of risk management affected the insurance purchasing decision within your organization? a._For example, is the task of insurance purchasing to mitigate insurable risks kept separate from the mitigation of other entity risks; or
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45 b. Is the use and purchase of insurance as a risk management tool performed in conjunction with other risk management activities including those done outside of the Risk Management Department (such as enterprise risk management, internal audit, management of employee benefits, security, and emergency planning)? c. What factors (both internal and external) contribute to the insurance purchasing decision within your organization? 11. If your facility is or has been involved in any single construction project in excess of $25M within the past 5 years or an aggregation of projects totaling at least $100 Million within the past 5 years: a. How has your organization chosen to finance this risk? b. Have you used OCIP, CCIP, or traditional contractor insurance (contractors provide insurance and indemnify)? c. Why has your organization chosen any particular method of risk financing? d. If you have used an OCIP or CCIP as a risk financing technique, given the same project(s) would you use it again as opposed to traditional methods?