Foreman-Peck, James S. ![]() |
Abstract
Argues that, if public sector organizations were to set up captive insurance schemes, risk-awareness among civil service administrators would increase. Points out the National Health Litigation Authority, whose database allows best medical practice to be identified. Notes that government bodies normally cannot buy commercial insurance, so they cannot operate commercial risk management policies and attribute losses to the maintenance budget rather than to the appropriation account. Suggests insurance would introduce an incentive to take risk seriously. Concludes with some ideas for setting up a scheme.
Item Type: | Article |
---|---|
Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HJ Public Finance J Political Science > JN Political institutions (Europe) > JN101 Great Britain R Medicine > RA Public aspects of medicine |
Uncontrolled Keywords: | Insurance; Public Sector; Risk Management; United Kingdom |
Publisher: | Chartered Institute of Public Finance and Accountancy |
ISSN: | 0954-0962 |
Last Modified: | 21 Oct 2022 10:19 |
URI: | https://orca.cardiff.ac.uk/id/eprint/39799 |
Actions (repository staff only)
![]() |
Edit Item |