The Office of Risk Management is responsible for developing and implementing effective risk management, insurance, and loss control initiatives that serve to prevent or mitigate losses that may affect the University’s physical and financial assets.  The Fire and Life Safety Office exists within Risk Management and provides code and life safety programs and services to the campus community. 

Our Risk Management Plan encompasses more than just insurance, worker safety, and legal liability management.  It includes an ongoing and complex process of assessing and monitoring the environmental, reputational, economical, and social risks of the institution, along with supporting its foundations, community and business partners, and everyone dedicated to carrying out the mission of the University. 

Our charge is to strive to recognize intolerable risk through assessment, mitigation, and supporting management strategies thus helping to preserve our valuable resources.  Our strategies include transferring vast or intolerable risk to other parties, reducing risk to acceptable levels, avoiding uncertain risk where possible, or accepting some or all of the risk when adequate controls permit. 

Our internal practices and policies will focus on:

Influencing the University’s assessment of its risks and its strategic objectives

Enhancing risk response decisions; risk avoidance, reduction, sharing and acceptance

Reducing operational inconsistencies and losses

Identifying, analyzing and treating multiple and cross-enterprise risks

Seizing opportunities when available, and

Influencing the deployment of capital with appropriate risk management strategies