Because of the size of this campus, we depend on personnel to keep Risk Managment advised of hazards that develop, correcting situations where possible. We depend on each of you to secure property and buildings. In addition, you are encouraged to promptly report all actual or potential claims. It is the purpose of this document to explain how Risk Management can help you in reducing or preventing losses. This paper also outlines the steps to be taken in filing a claim, should a loss occur.
Risk Management involves the preservation of human, physical and financial assets.
This is accomplished by identifying, evaluating, and controlling loss exposures faced by the University. Risk Management's goal is to minimize the adverse effects of unpredictable events. For example, it is not known if a fire will ever occur in your office, but if it does, the adverse effect of that fire will be reduced if proper risk management tools have been utilized. For example, at the height of a blizzard, Fleet Services should not release vehicles for travel until the weather begins to clear, thus avoiding the risk of auto accidents during severe weather. It may be determined that it is more practical to retain a risk even though other methods of handling the risk are available.