Îçҹ̽»¨

Introduction

The University of Îçҹ̽»¨ maintains a safety and loss prevention program through the System Office of Risk Services.   The program is designed to increase awareness of safety and to provide a funding mechanism allowing the campuses to pro-actively invest in loss prevention projects to reduce injuries and losses.  

Program Intent

Each year, the University of Îçҹ̽»¨, System Office of Risk Services, budgets a small amount of its total budget allocation to fund proactive loss prevention (LP) projects. The goal is to provide funding for projects that might not otherwise receive attention given the limitations of general operating budgets.   The university is self-insured (we act as our own insurance company and pay claims out of our own funds) to very high limits, typically spending over one million dollars per year on claims costs.   Loss prevention projects focus on reducing the frequency and/or the severity of claims funded by the university’s self-insurance program.   All campuses contribute to the self-insurance pool so that our claims can be paid.   Therefore, successfully reducing the amount of money we spend on injuries and damages means that the university can better use this money to fund program development and provide better service to our university community.   Loss prevention projects can be based on reducing any of the self-insured claims areas, but we have defined below the areas where we typically have spent the most in claims; workers’ compensation, liability, auto, and property.   Loss prevention projects should have a broad focus inclusive of the diverse population of the university community, faculty, staff, students, and visitors.

Definition

Los