Risk Management

It is the policy of the University to purchase insurance policies covering various assets and activities of the University, with appropriate limits of coverage and deductibles, such that the University is adequately protected from significant financial losses while maintaining a reasonable level of self-insurance.

The types of policies to be maintained include, but are not limited to, the following:

Property (commercial package)

Business Automobile

Primary General Liability

Excess Liability

Educator’s Legal Liability

Limited Professional Liability

Global Student Accident & Medical

Student Accident (Child Care Center)

Worker’s Compensation

Copies of insurance policies are maintained in the offices of the University Controller.

The Vice President for Finance & Administration or his/her designee is authorized to administer the risk management program at the University.

The University shall take all necessary to steps to reduce its liability exposure related to the following:

1. Contracts and agreements with performers, consultants, and other service providers.
2. University sponsored activities.
3. Use of University premises and facilities by organizations without University. affiliation
4. Intercollegiate athletic participants.
5. Intramural athletics.
6. Externally funded contracts, grants, and cooperative agreements.

Such steps shall include indemnification clauses in contracts and agreements, certificates of insurance from non-University-affiliated users of facilities, and signed waivers of liability or assumption of risk and release forms from participants in all University-sponsored activities (e.g., field trips, athletic events) in which risks of injury are present.