Frequently Asked Questions --
Q: What is Risk Management?
Risk Management is the process of making and carrying out decisions that will minimize the adverse effects of accidental losses upon the University. The Risk Management decision process consists of five steps:
- Identifying and analyzing loss exposures
- Examining alternative risk management techniques
- Selecting the appropriate technique
- Implementing the technique
- Monitoring the results
Loss prevention, spreading risk, contractual transfer and insurance are all examples of risk management techniques.
Q: How do I request a Certificate of Insurance (evidence of insurance coverage) from The University of Texas System?
If the University carries an insurance policy that meets the requestors' requirements, Tracy Seiler, Manager of Risk Finance, can obtain a Certificate of Insurance.
Q: How do I report a claim against a University insurance policy (automobile, property, equipment)?
Please refer to the Claim Reporting section of Risk Control and Insurance.
Q: What type of insurance does the University purchase?
The University is exposed to various risks. Depending on the type of risk, the University may purchase insurance to handle potential financial losses. If you have questions about University insurance policies, please contact Tracy Seiler, Manager of Risk Finance.
Q: Are University vehicles insured for physical damage?
In most cases, the answer is no. The University purchases only auto liability insurance for the majority of its owned vehicles. Some vehicles are covered for both physical damage and auto liability. To determine if your department's vehicle is covered or to purchase this type of insurance for physical damage, you can contact your business manager's office or Tracy Seiler, Manager of Risk Finance.
Q: Does the University's policy cover damage to a University vehicle if the other driver is at fault and he/she is uninsured?
In most cases, the answer is no. The University's auto liability policy does not cover physical damage to the University's vehicle under any circumstances. If the University's damaged vehicle was uninsured under the University's Physical Damage policy, a claim can be filed for the damages.
Q: What is necessary to access ORM forms?
Adobe Reader is required to access documents in PDF format.
