The Office of Risk Management & Insurance (RMI) is responsible for the purchase of property and casualty insurance coverage to protect the University and its subsidiary or controlled entities against risk of financial loss.

RMI is solely authorized to negotiate related services with insurance brokers, carriers and claims service providers. Negotiations with attorneys are to be performed in consultation with the Office of the General Counsel.

RMI is responsible for procuring insurance and self-insurance programs for property, liability, employment, fidelity, fiduciary, clinical trials, workers’ compensation, and other areas of coverage. The Office identifies and evaluates areas of potential exposure to risk and implements measures to reduce the risk of loss University-wide.

The Office of Risk Management & Insurance, with its assigned investigators, working in consultation with the Office of General Counsel, is responsible for investigating, evaluating, and managing potential claims and asserted claims against the University. Operating units of the University are expected to cooperate fully with the Office of Risk Management & Insurance and the Office of General Counsel in the university’s response to claims and related litigation.

Operating units of the University are also to cooperate fully with the Office of Risk Management & Insurance to provide underwriting information for appropriate insurance coverage.

RMI is responsible for educating operating units of the University with respect to the scope of the University’s property/casualty insurance coverage, appropriate claims reporting guidelines, and other insurance related procedures.

The University maintains insurance coverage consistent with all applicable state and federal regulations.