Risk Management

Mission

The Risk Management Committee is responsible for providing oversight, guidance, and coordination of institution-wide efforts aimed at identifying, assessing, and reducing risks that may jeopardize the life and safety of individuals, and/or the assets, operations, reputation, and legal interests of Hood College. The Committee’s work centers around the enterprise risk management (ERM) principles of:

• Strategic Risk
• Operational Risks
• Financial Risks
• Compliance Risks
• Reputation Risks

The Committee shall work in concert with the Campus Emergency Response Team (CERT) to plan for and manage risks and risk related incidents in a comprehensive manner following best practices.

Responsibilities

• Conduct a risk assessment survey to identify and rate risks based on potential impact, likelihood and effectiveness of controls.
• Develop action plans to mitigate, transfer and/or avoid identified risks.
• Assign responsibilities for managing identified risks to the appropriate individual or office.
• Review risk policies and procedures to assess their effectiveness in monitoring and managing risks.
• Recommend prevention approaches, training and education strategies, and provide guidance on implementation.
• Assess and review current response protocols.
• Review and assess annually the adequacy of this charge.

Meetings

The Committee will meet at least twice a semester and more frequently if deemed necessary. Minutes will be taken at each meeting and kept on file in the VP for Finance office.

Composition

The Risk Management Committee consists of the following individuals:

• Director of Business Services (Chair)
• Director of Facilities
• Director of Campus Safety
• Lab/Chemical Safety Officer
• Director of Residence Life
• Chief Information Officer
• Executive Director of Human Resources
• Controller
• Vice President for Marketing and Communications
• Vice President for Enrollment Management
• Director of Athletics
• Disability Services Coordinator
• A representative from the Wellness Center
• Two faculty members elected by the faculty  (serving two year terms)
• A staff representative elected by the Staff Council (serving a two year term)
• Representative from the College’s Insurance Broker (invited as needed)

The Committee reports to the VP for Finance.

Please contact lascolette@hood.edu for any questions.

Complete this form for any accident, incident or near misses that occurred on college property or college sponsored events (on or off campus). Additional documentation is welcome; please attach. To complete work related injury, please complete the First Report of Injury Form and submit to lascolette@hood.edu. If faced with an emergency, please call 911 or campus safety (301-696-3111). 

Vendor Certificate of Insurance Requirements: Please contact lascolette@hood.edu to inquire about vendor insurance requirements.

Requesting a Certificate of Insurance:  Contact lascolette@hood.edu to request a certificate of insurance.  In your request, please provide the following information: 

1. Certificate Holder Information
   1. Name of organization 
   2. Address
   3. Email 
   4. Phone Number
   5. Lines of Insurance Coverage required
   6. Other insurance coverage required
   7. Additional insurance requirement 
2. Event, Contract or Lease  Information
   1. Name of Event
   2. Type of Event
   3. Date/Time/location
   4. Contract information, if applicable

Please attach a copy of the agreement/contract with the request.  Please allow at least three (3) business days for processing the certificate.  The certificate will be mailed to the certificate holder via electronic mail.