(February 11 & 12, 2014, BYU, Provo, Utah)
Risk Classes:
Risk Analysis:
Risk Control:
Insurance:
Claims:
1. Economic (financial loss, operational, market place)
2. Legal (liability, statute, regulatory compliance)
3. Political (governmental, legal changes)
4. Reputational (public relations, image)
5. Physical (people, property)
6. Juridical (jury or judge decisions)
1. Identification (Assessment)
2. Loss data (Assessment)
3. Financial (Assessment)
4. Quantitative analysis (loss run data, industry risk factor, loss projections, cash discounting, npv calculations, cost benefit analysis, cost of risk calculations, actuarial projections)
1. Avoidance (do not conduct or participate)
2. Transfer (insurance, indemnification, co-insure)
3. Retain (we assume all interest and potential liability)
1. Policies; provisions, exclusions, self-retention
2. BYU Policy - Corporate Education Internships
(Provo, Idaho, Hawaii, LDS Business College, Kennedy Center) ,_.
3. Commercial General Liability (bodily injury, property damage)
4. Professional Liability
5. Medical Professional Liability
6. Workers Compensation Insurance (state Law requirements)
1. NEVER accept or indicate fault, agree to anything, refer to risk management
2. Document circumstances of relevant incident
3. Fully cooperate (authorities, Risk Management, General Counsel, insurance representatives)
David Petersen
Managing Director
Risk Management Department
Office of General Counsel
250 B Fletcher Building
(801)422-1203 david petersen@byu.edu