Victorian Auditor-General's report on Local Government Insurance Risks, tabled 25 July 2018. Councils need to identify, mitigate and, where appropriate, transfer any risks associated with their assets and operations. Councils purchase insurance as a form of risk transfer against a range of unforeseen losses. Our audit assessed whether councils are prudently managing their insurable risks by understanding and mitigating the risks they face and obtaining adequate and cost effective insurance coverage.

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