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RISK MANAGEMENT Risk Management is responsible for the protection of Loyola University Chicago's human, financial and physical assets against hazard-related.

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Presentation on theme: "RISK MANAGEMENT Risk Management is responsible for the protection of Loyola University Chicago's human, financial and physical assets against hazard-related."— Presentation transcript:

1 RISK MANAGEMENT Risk Management is responsible for the protection of Loyola University Chicago's human, financial and physical assets against hazard-related risks and third-party liability. Sue Bodin | Director, Strategic Financing and Risk Management Tara Riley | Risk Management Coordinator

2 Contract Review Contact Risk Management for: –Review of insurance terms in contracts Appropriate coverages, limits and language United Educators contract review training available –Certificates of insurance Will need to provide Risk Management with the relevant contract University Contract Policy: http://www.luc.edu/purchasing/contractpolicy/index.shtml http://www.luc.edu/purchasing/contractpolicy/index.shtml RiskManagement@luc.edu | http://www.luc.edu/finance/riskmgmt.shtml

3 Motor Vehicle Record (MVR) and Vehicle Use Policy The MVR Policy applies to: –Employees who are required to frequently drive a University Vehicle or a Personal Vehicle (including rental vehicles) as a primary part of their University job duties –Anyone who may from time to time drive a University Vehicle –Employees who drive a University Vehicle or Personal Vehicle (including rental vehicles) to transport University students for University business –http://www.luc.edu/finance/motorvehiclepolicy/http://www.luc.edu/finance/motorvehiclepolicy/ RiskManagement@luc.edu | http://www.luc.edu/finance/riskmgmt.shtml

4 Motor Vehicle Record (MVR) and Vehicle Use Policy In the policy, under the Driver Eligibility section: The link will take you to the authorization form, which looks like this:

5 Motor Vehicle Record (MVR) and Vehicle Use Policy Sample e-mail from HireRight:

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7 Rental Vehicles E&I Program –Enterprise and National Car Rental –Negotiated rates –Insurance included on most rentals –Use code: XZ15W40 when renting vehicle from either company –http://www.luc.edu/purchasing/personaldiscounts/index.shtmlhttp://www.luc.edu/purchasing/personaldiscounts/index.shtml Other Rentals: –Notify Risk Management for insurance card –Notify Risk Management in the event of an accident Accident Reporting Form (keep in rental vehicle at all times) http://www.luc.edu/media/lucedu/finance/pdfs/Accident_Procedures_Form.pdf http://www.luc.edu/media/lucedu/finance/pdfs/Accident_Procedures_Form.pdf RiskManagement@luc.edu | http://www.luc.edu/finance/riskmgmt.shtml

8 Rental Vehicles Personal vehicles –Not covered under university insurance Please do NOT rent or drive 15-passenger vans!! –Thought by many to be unsafe –Other schools have banned their use

9 Insurance and Claims Auto Claims –Accident reporting form http://www.luc.edu/media/lucedu/finance/pdfs/Accident_Procedures_Form.pdf http://www.luc.edu/media/lucedu/finance/pdfs/Accident_Procedures_Form.pdf –Send to RiskManagement@luc.eduRiskManagement@luc.edu General Liability –Sexual Molestation (Duty to Report) Workers’ Compensation –Claim form on HR website: http://www.luc.edu/hr/online_forms.shtmlhttp://www.luc.edu/hr/online_forms.shtml –Must report within 45 days of injury, but inform supervisor immediately –Out–of–state employees -- RM needs to obtain special workers’ comp insurance in certain states Travel Insurance –Faculty, staff, and students should work with Office for International Programs (OIP) to sign up for CISI travel insurance when traveling out of the country on LUC business. RiskManagement@luc.edu | http://www.luc.edu/finance/riskmgmt.shtml

10 Insurance and Claims Cyber Claims/Data Breaches –Inform supervisor, IT and any other appropriate Loyolans Property Insurance –Personal property is not covered by Loyola’s property insurance policy –http://www.luc.edu/hr/policies/policy_securityofproperty.shtmlhttp://www.luc.edu/hr/policies/policy_securityofproperty.shtml Research-related products and services –Is there anything out there (or in the works) which might generate liability for Loyola? Your input may be vital to our insurance policy renewal process. RiskManagement@luc.edu | http://www.luc.edu/finance/riskmgmt.shtml

11 Risk Management Consultations Let’s discuss your Risky Business – Call us if you are contemplating a new venture, activity, program etc.

12 Contacts Risk Management e-mail address RiskManagement@luc.edu Sue Bodin Sbodin@luc.edu 312/915-7454 Tara Riley triley3@luc.edu 312/915-7861 RiskManagement@luc.edu | http://www.luc.edu/finance/riskmgmt.shtml

13 Helpful Links Risk Management website: http://www.luc.edu/finance/riskmgmt.shtml http://www.luc.edu/finance/riskmgmt.shtml MVR Policy: http://www.luc.edu/finance/motorvehiclepolicy/ http://www.luc.edu/finance/motorvehiclepolicy/ Accident Procedures Form: http://www.luc.edu/media/lucedu/finance/pdfs/Accident_Procedures_Form.pdf http://www.luc.edu/media/lucedu/finance/pdfs/Accident_Procedures_Form.pdf E&I Program: http://www.luc.edu/purchasing/personaldiscounts/index.shtml http://www.luc.edu/purchasing/personaldiscounts/index.shtml Workers’ Compensation Claim Reporting: http://www.luc.edu/hr/online_forms.shtml http://www.luc.edu/hr/online_forms.shtml Office for International Programs Website: http://www.luc.edu/oip/aboutoip/ http://www.luc.edu/oip/aboutoip/ RiskManagement@luc.edu | http://www.luc.edu/finance/riskmgmt.shtml


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