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The Division of Risk Management is the exclusive negotiating and
contracting agency to purchase insurance for all state agencies. While the
State Colleges have separate insurance programs for property and liability
exposures, they participate in the division-sponsored automobile
liability/physical damage. The Risk Manager is responsible for reviewing
all requests for insurance, working with each agency to determine its needs, and
identifying alternative methods of financing the risk. The Risk
Manager is responsible for determining which risk exposures shall be insured
and which exposures shall be self-insured or assumed by the State. The
Division of Risk Management utilizes the services of a
broker of record to assist in the purchase of insurance.
In addition to a broker, the Division of Risk Management contracts with a
claims administrator to adjust all auto, property,
general liability, foster parent, and employee dishonesty claims.
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