Risk Management

Mission

The Risk Management Department supports the College’s educational mission by its commitment to identify potential loss exposures and develop strategies to minimize their negative effects on the College’s mission through avoidance, prevention, assumption, or transfer.

Services

Insurance

  • Manage all insurance and issues that may expose the College District to litigation or insurance claims, including and not limited to identifying, evaluating, controlling, and minimizing the District’s exposure to loss or damage due to physical assets, fidelity losses, and losses arising out of liability claims.
  • Manage all automobile, liability, fire, and property insurance damage claims including communications with staff, attorneys, claims reviews, and investigations.
  • Prepare insurance reports and communicate risk and insurance information as needed.
  • Review and evaluate insurance policies and insurance bid specifications for the purpose of obtaining premium fees and update on an ongoing basis.
  • Maintain insurance and related records.

Business Continuity

  • Business Impact Analysis (BIA). Identify mission-critical processes and manual workarounds for those processes to be implemented in the event of a disaster.
  • District-wide All Hazards Emergency Plan. Recommend changes and updates to the plan for the purpose of providing efficient utilization of District financial resources and ensuring the safety of students, staff, and patrons during and after disaster events.
  • Coordinate with STC Police regarding emergency/safety procedures.

Risk Assessment

  • Conduct risk assessments which involve identifying, analyzing, and mitigating risks through the development and implementation of mitigation plans and risk strategies.

Records Management

  • Manage the document retention process which includes:
    • Coordinating with departments to turn in their documents to the Retention Center for processing and coordinating with a third-party record retention vendor in processing and determining how long documents must be stored or when they must be picked up for destruction.
    • Ensuring that documents are maintained according to the Texas State Library and Archives Commission rules and regulations.

Resources

All Hazards Emergency Plan

Records Management Procedures