Risk Management
South Dakota State University Risk Management supports preparedness with risk loss services and planning for the university's operations.
The office provides services for workers’ compensation, automobile claims, property claims, third-party claims, insurance acquisition, consultative services and review of certificates of insurance to promote a safe learning and work environment.
Who Manages Risk at South Dakota State University?
The risk management coordinator located within the Office of Emergency Management at the university is the primary individual responsible for risk management. This position works closely with the risk management team, whose mission is to efficiently and effectively protect the assets of the institution in the conduct of university activities.
For more information on the risk management team, refer to Section 2.7 of the Emergency Management Plan.
Enterprise Risk Management
Enterprise risk management is a process by which the university identifies, assesses, prioritizes and manages risks and opportunities to facilitate achievement of strategic objectives. Enterprise risk management in higher education has been recognized as an important process to meet these strategic objectives.
It provides critical risk information to leadership across the university to enable informed decision-making about strategy, policies and programs.
If you need help identifying risks in your department, contact the risk management coordinator.
Risk Assessment and Planning
The risk management coordinator analyzes, evaluates and identifies the inherent risk in each of the university's audit entities.
Risk is assessed based on four broad categories:
- Operational Risks
- These risks will be unique to each specific department or function depending on the operating objectives of the department or function.
- Financial Risks
- These are risks that may impact the accuracy and availability of financial information. This includes both information that is used for external financial reporting and information that is used for internal financial reporting to make management decisions. Financial risks may be unique depending on the specific objectives and functional responsibilities of each individual entity.
- Compliance Risks
- These risks align to state and federal requirements imposed through laws and regulations. Compliance risks exist due to specific requirements by compliance oversight bodies, state and federal compliance requirements and state statutes. Compliance risks are unique to the specific requirements imposed on the university by governing bodies.
- Public Perception and Reputation Risks
- These are risks that would affect the public's trust in the institution.
I need to report an unsafe condition, accident or incident.
Please fill out the and submit it to the risk management coordinator. The instructions are in the form.
I was injured at work or school.
Employees and students must first complete the for all incidents of university-related illness and injury. This form is routed internally and with state risk management.
Additionally, all employees must file a for a work-related injury or work-related illness to Risk Administration Services Inc. by calling 888-585-5075 as soon as possible. The toll-free number is available 24 hours a day, seven days a week.
We recommend you call prior to seeking medical treatment. If the situation is an emergency, please seek medical treatment and then call to report the incident as soon as possible after receiving medical treatment.
Any questions regarding a worker's compensation claim should be directed to Risk Administration Services Inc.
I have questions about laboratory safety.
Please contact University Environmental Health and Safety at 605-688-4264 for assistance. They provide evaluation and control of potential hazards for laboratories on campus and assist with management of hazardous or radioactive materials and electronic waste.
I need to request a Public Entity Pool for Liability fund certificate of coverage.
To request a Public Entity Pool for Liability fund certificate of coverage, please complete and submit the request form.
I would like to learn about the university's insurance and what it covers.
South Dakota State University does not carry general liability insurance. Instead, the university is subject to the limitations of liability set forth in South Dakota codified laws, which provide certain liability protection for the university and its employees.
The university maintains certain coverage and legal defense through the .
I would like to learn steps to ensure my workplace is safe.
The university maintains a that employees can use to check their work area for potential hazards.
I am planning on purchasing a drone. Do I need insurance?
Please contact the risk management coordinator to discuss whether insurance is needed for the drone.
I would like fireworks or cold sparks at my university event.
Please review University Policy 10:13 and to make your request.
