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Enterprise Risk Management

Enterprise Risk Management

Our mission and purpose is to foster a collaborative campus environment in which students, faculty, staff and visitors are engaged in a holistic effort to safeguard the health and well-being of all while protecting University assets.

We endeavor to identify and prioritize risks and to prepare mitigation strategies that coincide with the University's overall mission.

Vision

We will develop a partnership in which the campus community and the community at large work together to create comprehensive and strategic solutions for institutional risks.

About Risk Management

What Is Risk?

Risk is simply the possibility of something going wrong, resulting in a likely financial or physical loss.

What Is Risk Management?

Risk Management is a systematic process in which exposures/risks are identified, analyzed and mitigation plans developed.

UNCW ERM applies six categories of risk, for the purposes of risk management:

  • Strategic
  • Financial
  • Operational
  • Compliance
  • Hazard
  • Reputational

What Are Some Risk Management Techniques?

  • Avoidance: Elimination of the risk in its entirety.
  • Loss Control: Usage of safety techniques and precautions to reduce the risk exposure(s).
  • Transfer of Risk: Contractually transferring the risk exposure to another source, usually in the form of insurance
  • Assumption:
    • Full - Continuation of activity with full acceptance of all associated risk exposures.
    • Partial - Acceptance of a portion of the risk exposures by purchasing insurance with an applicable deductible.

Insurance and Loss Control

Motor Vehicle Insurance
Additional Resources and Assistance

University and state-owned vehicles are provided coverage through the State of North Carolina Motor Vehicle Insurance program. Coverage is provided by Travelers Insurance Company.

All state-owned (self-propelled) vehicles are required to be insured, at minimum, for motor vehicle liability as part of any motorist's financial responsibility in society and our State.

University departments and colleges have the option to also insure their vehicles for full physical damage coverage (commonly known as the combination of collision and comprehensive coverage). For passenger vans, Medical Payments coverage is also available.

There is a premium charge for physical damage coverage. Please contact us if you have any questions regarding vehicle coverage.

Key important reminders:

  • Report vehicle accidents as soon as possible to your supervisor and by noon of the next business day following the accident. Report facts, do not offer opinions, and avoid assigning blame until any claim investigation is completed.
  • Only persons on the University payroll can drive state-owned vehicles and leased vehicles when in the name of the University. There are important insurance coverage reasons for this.

If you have purchased a new vehicle or received one from another department, please fill out the new vehicle insurance request.

For additional information concerning insurance and loss control, including the below topics, please contact Vann Mitchell at 910.962.3986 or by email.

Insurance

Acquisition of Newly Required Insurance

  • Application
  • Premiums

General Information

  • Policy Providers
  • Coverage Overviews

Insurance Verifications

  • Automobile
  • Employee Liability
  • Internships
  • General Liability

Policy Renewals

  • Audits
  • Premiums

Certificates of Insurance

Special Programs and Summer Camps

Loss Control

  • Accident Investigation (Automobile, General Liability & Property Damage)
    • Student or Visitor
    • UNCW Employees
    • Contracted Workers
  • Hazard Assessments
    • Slip, Trip and Fall
  • OSHA Reporting

Committees

  • Workplace Safety Committee

Wilmington Community At-Large

  • ALS Committee

Forms

  • Fireworks
  • General Events
  • General Liability
  • Property Insurance
  • Tents
  • Vehicle Changes

Protection of Minors on Campus

Check back soon for exciting updates on our new Protection of Minors on Campus program.

Please email us with any questions or concerns.

Campus Resources

External Resources

Automotive

Financial

General

Risk Management