UCLA Office of Insurance & Risk Management

What is Risk Management

The UCLA Office of Insurance & Risk Management (OIRM) provides risk management programs and services to the UCLA campus, including Workers' Compensation, claims processing and training in insurance and risk matters.

WHAT IS RISK MANAGEMENT?

Risk management is the process of identifying loss exposures and formulating and implementing strategies to minimize their adverse effects on the organization's mission. OIRM believes that all employees must manage the risks associated with their unit operations because we all want to prevent injuries and property damage, as well as avoid the costs associated with them. Below are common UCLA loss exposures and resulting adverse effects:

Loss Exposures:

Injuries to employees at work; premises injuries to visitors; damage or theft of University owned property; and damage to UCLA owned vehicles.

Adverse Effects:

Decreased productivity resulting from an employee's time away from work due to a work-related injury; liability to pay a visitor for medical care and lost earnings due to an injury on campus; increased costs, lost productivity and/or loss of revenue or grant funds resulting from damaged or stolen UCLA property; loss of use of University vehicles while being repaired.

Other adverse effects can include higher departmental self-insurance premiums for departments that bear higher-than-average accidental losses.

HOW DOES OIRM HELP DEPARTMENTS MANAGE RISK?

OIRM's programs are designed to assist your department in eliminating or minimizing losses and the effects of losses by working with departments to formulate and implement "risk-aware" decisions. Our programs include, but are not limited to:

Workers' Compensation Program	Facilitating prompt medical attention, reporting of injuries and prompt return to work when a UCLA employee is injured at work.
Liability Programs	Managing claims against UCLA for damage to the property of others, injuries to visitors and the public, improper employment practices, liability assumed by contract damage to vehicles of others.
Property Programs	Coordinating claims for theft, damage, and loss of UCLA owned property, including UCLA owned and leased vehicles.
Vocational Rehabilitation Services	Early intervention following the onset of a disability to assure rapid return to work through transitional employment and reasonable accommodation of permanent disabilities.
Risk Financing & Departmental Charges	Charging and allocation of self-insurance program costs; per-claim deductibles; and insurance premiums to UCLA departments and projection of future self-insurance program costs for department budget purposes.
Loss Control & Training Programs	Recommending and implementing effective loss control programs including review of business contract insurance provisions, and training in risk management practices.

HOW DO I GET STARTED MANAGING MY DEPARTMENT'S RISKS?

For further details on OIRM programs, click on the program areas listed above, or contact the OIRM staff directly by locating them in the Staff Directory.

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Please Send Questions or Comments to:
OIRM@be.ucla.edu

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