Risk Management

Identifying and managing risk is critical to the protection of all Indigenous community assets and businesses. By reducing risk, and therefore vulnerability, insurance premiums can be reduced, claim history and frequency is improved, and communities become more prosperous and safer places to live and work.

No two Aboriginal communities are alike and risks are not “made to scale”.

Some communities face risks similar to those of large cities or municipalities, other communities are smaller, with limited resources and much less margin of error. Because risks are not one-size-fits-all, the plan to manage them must be one-of-a-kind.

At Aboriginal Insurance Services (AIS), our goal is to help communities identify those risks that could result in injury or property loss, and encourage implementation of programs and services to lessen or erase them over time.

We understand the limitations many community’s face, both financially and from a human resources perspective. However, equipped with knowledge, ongoing support, and skills training, we know that Aboriginal communities can benefit greatly from adopting a risk management program, even one small step at a time.

Understanding risk management is the key to reduced premiums!

Uncertainty is at the heart of risk. You may be unsure if an event is likely to occur or what the consequences would be if it did. Insurance is based on risk. When you get an insurance policy, the insurance company is taking on some of your risk. For example, if you drive a car, you risk that your car will be damaged in an accident. Having auto insurance means if the car does get damaged, the insurance company will pay you for the repairs. By having a policy, your risk is lower. However simply having insurance does not mean everything is taken care of. Failure to recover data from damaged computers, loss of stored materials, losing the irreplaceable – these risks require management.

AIS Risk Management
AIS Risk Management for Indigenous Communities in Canada
AIS Risk Management for Indigenous Communities in Canada
AIS Risk Management for Indigenous Communities in Canada

Community Risk Survey Assessment Program (CRSA)

On-site risk management survey within member communities

Identifying and managing risk is critical to the protection of all Indigenous community assets and businesses. The CRSA is a risk management analysis survey performed in collaboration with our communities. The CRSA covers seven distinct categories; management attitude, employees, property, the environment, municipal services, transportation, and crime. By participating in the CRSA, communities gain a better understanding of their risk exposures, often discovering risks that might not have crossed their minds.

The CRSA will:

  • Provide each community with a complete list of property and assets within the community
  • Determine the asset value within the community (how much all the buildings and property are worth)
  • Help you get affordable insurance coverage based on your unique needs for property, vehicles, liability, and crime
  • Find and outline any risks facing the community so they can be lessened or prevented
  • Help you develop a Risk Management plan for emergencies, disasters, and even day-to-day operations

The CRSA is available to Indigenous communities across Canada, regardless of remoteness of location.

We come to you.

Aboriginal Insurance Services - Community Risk Management Survey
AIS Community Risk Management Survey
AIS Community Risk Management Survey