University of Minnesota
Controller's Office
http://controller.umn.edu/ or http://www.finsys.umn.edu/
612-624-1617 or controller@umn.edu

About us

The Office of Risk Management and Insurance:

  • Advises the university community regarding the risks naturally encountered in the course of Research, Teaching and Outreach;
  • Works to minimize the frequency and severity of physical injury and property damage;
  • Consults on the risk and insurance provisions of the contracts the University seeks to enter;
  • Implements programs that preserve university financial resources.

The Office of Risk Management and Insurance (‘Risk Management’) accepts as principle that assuming some risk is integral to being productive. The University must take risks and Risk Management must find ways to minimize the financial impact of adverse outcomes.

Risk Management uses commercial insurance, captive insurance, and self-insurance to transfer, or budget for, monetary loss arising from risk. It is responsible for the design, procurement, implementation and maintenance of these programs.

Risk Management and Insurance Topics