Risk assessment and Insurance Services
The NSHE Risk Management office provides risk assessment and insurance services to the Nevada System of Higher Education (NSHE), its Board of Regents, and institutions of the System. The office consists of the NSHE Executive Director of Insurance & Loss Management and the NSHE Chief General Counsel.
In addition to the NSHE Risk Management office, the System institutions are supported by the Business Center Risk Management offices providing insurance services to their institutions. The primary responsibility for risk management functions is maintained at the institutional level. The NSHE Risk Management office ensures adherence by the institutions to the NSHE Procedures and Guidelines Manual for Risk Management and Safety programs. This structure allows for collaboration and consistency across all System institutions.
Core Work of the NSHE Risk Management Office
Evaluating NSHE’s loss history, researching risk reduction strategies, recommending and implementing appropriate techniques such as loss mitigation, the purchase of insurance, or administering self-insurance programs to minimize the economic impact to NSHE
Advising the System or its institutions on insurance and claim litigation matters
Managing financial controls over insurance or self-insured claim settlements and disbursements
Reviewing indemnification language and insurance requirements in contracts for the System or its institutions
Managing budgets for insurance or self-insurance programs system-wide
Performing annual reviews and providing recommendations for funding of the institution’s risk management, workers’ compensation, and environmental health and safety budgets
Providing risk analysis and consultation regarding international travel and loss management issues for the System or its institutions
Coordinating all insurance and self-insurance programs; including negotiations on insurance policy renewals for the System or its institutions
Conducting the request for proposal (RFP) process to select insurance brokers, third-party claims administrators and managed care organizations for the system’s insurance and self-insurance programs
Recommending and facilitating policies and procedures to help manage risks and mitigate losses for the System or its institutions
Serving as a resource for problem-solving and decision-making to further the mission of the System or its institutions