Risk Management Program
Effective 7/1/13, any loss with an occurrence date of 7/1/13, or later, will carry a $1,000 deductible as opposed to the $500 deductible previously applied. Losses without sign of forced removal or theft remains at a $2,500 deductible.
The Office of Risk Management is charged by the Board of Regents with the responsibility for the preservation of assets, both human and physical. This is accomplished by identifying, evaluating, and controlling loss exposures faced by the University. Our goal is to minimize the adverse effects of unpredictable events. Toward this end, we utilize a number of processes and tools:
- Maintain current values for buildings, contents and moveable property.
- Respond to all property, liability and other casualty losses, initiating investigations and accomplishing the appropriate resolution of all claims
- Develop programs for loss prevention based on available loss data
- Coordinate loss control activities
- Authorize and maintain database of approved drivers
- Manage special insurance programs (i.e. camps and clinic programs, special event insurance, etc.)
- Review insurance language in vendor and research contracts to control transfer of risk review and approve Certificates of Insurance for vendors and facility users and maintain database of insurance information
- Maintain list of buildings damaged by flooding