RiskCover's purpose is to minimise the cost of risk to the Government of Western Australia. RiskCover does this by
working with agencies to focus on their operational, project and strategic business risks. This helps to minimise the
impact of adverse risks and maximise opportunities, thereby producing greater business efficiencies.
There are two components to RiskCover:
- The RiskCover Fund - the self-insurance Fund of the Government of Western Australia which
commenced on 1 July 1997.
- The RiskCover Division - a business division of the Insurance Commission of Western Australia
which was established in 1997 to manage the RiskCover Fund.
The RiskCover Division facilitates the self-insurance arrangements of Western Australian
public authorities (Government Agencies) on behalf of the State Government, and promotes risk management throughout government.
Main Business Activities of RiskCover
The main business activities of RiskCover, as defined by the Insurance Commission of Western Australia Act 1986, are:
- to manage and administer insurance and risk management arrangements on behalf of public authorities (Government Agencies); and
- to provide services, facilities and advice to public authorities in respect of the management of claims against them or against funds maintained or administered by them under any written law.
Detailed information on RiskCover’s services is available via the navigation on the left side of this website page.
The RiskCover Division is structured to meet the needs of its clients, our approach to delivering services is reflected in our
Aims and Service Delivery Model.
The RiskCover Division also manages a number of smaller Funds such as:
