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Risk Management Website


Contact Information
 

Phone: x5688
Fax: x5614

   

 

 

Risk Management protects the assets of the College from loss, damage or destruction, thereby assuring the continued ability to operate and deliver services at the lowest possible cost.

Click on a link below for more information.

Through collaboration and consultation with faculty, staff and external business partners, the Office of Risk Management:

  • Establishes and implements Risk Management policies and procedures by identifying and quantifying the College's exposures to accidental loss.
  • Decides how to control and finance losses through a combination of insurance, self-insurance, risk avoidance, risk control, risk finance, and effective claims management of the losses that do occur in order to ensure the preservation of the physical, human and financial resources. 
  • Insurance
    • Selects and directs insurance brokers, insurance carriers and other risk management service providers. 
    • Develops specifications for insurance quotations and negotiates with insurance carriers/brokers to purchase adequate coverage.
    • Interprets and analyzes insurance policies, legal documents and reports pertaining to insurance, claims, loss exposure, and coverage.
    • Ensures that insurance carriers correctly apply industry practices in claims management, claim reserves, contract law and other applicable regulations relating to property damage, general liability, auto liability and bodily injury.
    • Manages claims for insured and uninsured losses.
    • Assesses insurance audits and coordinates safety/loss prevention program.
  • Develops and conducts internal training on risk management practices.
  • Works with HR in overseeing the administration workers' compensation claims.
  • Works closely with the College’s General Counsel to establish waivers/releases, contracts and consults with counsel on claims.  

Contact Risk Management when:

  1. You have any question regarding insurance requirements, indemnification language in any contract, creating contracts, implementing changes to standing contracts or renewing contracts.
  2. You have a question on reporting an incident.
  3. Beginning a new program or begin to do business in another State or Country.
  4. Beginning a new sport or new club; increasing club membership; or changing club/athletic activities.
  5. Students travel to an international location outside of Babson Global Program Services.