Chapter 21-100: Introduction

The University of California faces a myriad of risks from its operations and activities and their related exposures. To address these risks, the Office of the President (OP) Office of Risk Services was established in the early 1960s, originally under the Senior Vice President, Business and Finance, now under the Office of the Chief Financial Officer. The Office of Risk Services is responsible for providing uniform administration of the University's Risk Services Program, purchasing insurance, and managing the University's self-insurance programs as well as developing and implementing Enterprise Risk Management to identify risks and controls systemwide, resulting in reduced cost and efficiencies; identifying risk and developing strategies to minimize the impact of risk; costs and improving safety

21-110 SCOPE

This Chapter provides information about the University's Risk Services and policies as they apply primarily to campus and Division of Agriculture and Natural Resources (DANR) contract and grant administration. The Lawrence Berkeley National Laboratory (LBNL) participates only in the University's Workers' Compensation Self-Insurance Program described below in 21-321.

The Chapter also describes specific federal and State clauses which are found in award documents for sponsored projects and subrecipient flow-down requirements as well as insurance, bonding, and indemnification requirements for external recipients of University funding. Related information on purchasing is covered in Chapter 16. Medical claims of human subjects is covered in Chapter 18.