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Compliance Risk Management in Georgia: A Crucial Aspect of University Operations

As a key component of the University’s operations, compliance risk management plays a vital role in protecting its assets and resources while ensuring regulatory compliance. This multifaceted function involves identifying, analyzing, and reducing risks to achieve campus-wide compliance through regular training, policies, procedures, and oversight.

Insurance Coverage

The Georgia Department of Administrative Services (DOAS) provides insurance coverage for the University and the University System of Georgia Board of Regents through a self-insured program. The various types of insurance coverage include:

• Building and content
• All-risk
• Auto physical damage
• General liability
• Fidelity bond

Risk Management Policies and Procedures

Risk Management policies and procedures serve as established guidelines to address questions regarding risk, liability, accidents, insurance coverage, or claims processing. These policies are designed to ensure that the University is operating in a responsible and compliant manner.

Claim Approval

Ultimately, final approval of all claims rests with the State Department of Administrative Services.

Seeking Assistance

If you are unable to locate specific information, please do not hesitate to contact Risk Management & Compliance for assistance. With their expertise and guidance, the University can navigate complex compliance issues and ensure a safer and more compliant environment for students, faculty, and staff alike.

Remember, compliance risk management is an essential aspect of university operations in Georgia. By staying informed and seeking help when needed, we can all play a role in maintaining a safe and compliant environment for our community.