About UORM
Services
- Issue certificates of insurance and evidence of self-insurance coverage.
- Purchase and maintain competitively priced commercial insurance policies to complement the self-insurance program.
- Review contract and lease language, including insurance requirements, indemnification, subrogation, and hold harmless clauses.
- Coordinate the purchase of excess insurance to protect against catastrophic loss, and to assure the appropriate use of retentions (deductibles) for the Self-Insurance Trust Funds.
- Purchase commercial insurance on University buildings, and contents when required by specific circumstances, including contractual obligations.
- Provide fiscal oversight of the self-insured Workers’ Compensation Plan.
- Act as a resource to the University Community on issues such as auto liability, use of waivers, contractual risk transfer, and professional liability.
- Collect exposure and claims data information.
- Allocate and collect internal assessments for insurance and funding requirements.
- Negotiate and settle property losses.
- Process legal expense payments for claims paid from self-insurance trust accounts.
- Prepare an annual report for the Board of Trustees and required documentation for external, internal, and federal auditors
History
The University Office of Risk Management was established at the direction of the Board of Trustees of the University of Illinois in 1976. Since its inception the University Office of Risk Management has strived to use effective risk management techniques while improving the delivery of UORM's services in support of the University’s mission. The office has the responsibility of carrying out the policies of the University of Illinois in matters relating to risk management and insurance.
Last Updated: May 1, 2008