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24.01 - Risk Management

Risk Management Revised February 8, 2018 (MO -2018). Next Scheduled Review: February 8, 2023. Click to view Revision History. Policy Summary It is the objective of The Texas A&M University System (system) to manage, control and, where appropriate, reduce or eliminate risk to the end that its employees, students and visitors are protected from hazards, its financial condition is not seriously jeopardized, and its material and natural resources conserved to the maximum extent possible and practicable. This policy establishes uniform programs and approaches in addressing the risks faced by the system. These programs will provide effective ways to manage, eliminate, or transfer these risks . Policy 1. GENERAL. The system and its members are exposed to risks of loss resulting from injury or death of employees, students and the public; damage to the environment; and loss, destruction and damage to its own property and the property of others. Of primary importance in all risk Management programs is the protection of the health and safety of students, employees and visitors to any member.

24.01 Risk Management Page 4 of 8 3.5.3 Loss exposure from an insurable risk will be covered at the individual member level if dictated by the uniqueness of the respective risk to the member.

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