14.1.2, University Risk Management and Insurance Programs

2. The Office of Risk Management

Even with the utmost care, some risks are inherent in the operation of the University. The University's health, safety, and security programs are essential for reducing the risks of accidental injury to people and damage to property. The Office of Risk Management is responsible for organizing, coordinating, and carrying out programs to control the risks to which departments and, ultimately, the University are exposed. Departments may identify a new program or activity or an existing program with potential risks which could decrease their department's (and, hence, the University's) resources as a result of loss or injury. The Office of Risk Management will assist departments in developing programs to handle those risks.

When insurance becomes necessary, the Office of Risk Management secures all commercial insurance coverage through the Broker of Record appointed by the Board of Regents. If necessary, accounting documents are processed and charged to the appropriate budget. Review by the Office of Risk Management is important whenever an activity or program is proposed that will involve a significant risk of bodily injury or property damage. Examples of such situations include:

Aircraft charters
Departmental vehicles (non-Motor Pool)
Fine arts exhibits
Marine charters
Off-campus research projects
Piloting private aircraft
Professional liability
Property loaned to the University
Shipment of University equipment
Special events on campus
Visitors to research facilities
Volunteers in University programs.

The Office of Risk Management manages claims and lawsuits which allege that the negligent actions of University personnel result in injury or property damage to third parties. Third party claims managed by Risk Management include:

Professional liability claims (e.g., medical malpractice claims)
General liability claims (e.g., premises liability claims)
Automobile liability claims
Employment liability claims (e.g., discrimination claims).

The Office of Risk Management also handles claims for insured risks, such as workers' compensation claims, and claims for damage to insured University equipment or property.