Enterprise Risk Management
Enterprise Risk Management (ERM) at Missouri Western State University supports leadership and departments by identifying and evaluating risks that may impact the institution’s ability to achieve its mission, maintain operational continuity, and meet financial and compliance obligations.
The Office of Risk Management assists the University by providing oversight and coordination related to institutional risk exposure, insurance programs, claims management, contract risk review support, and risk-informed decision-making.
ERM is not limited to safety-related concerns and includes broader institutional risks such as financial exposure, operational disruption, reputational risk, regulatory compliance, and strategic risk.
Key Areas of Support
The Office of Risk Management supports Enterprise Risk Management through:
- Insurance and Risk Financing
- Oversight of institutional insurance programs (property, liability, vehicle, and related coverages)
- Coordination with brokers, carriers, and state risk management programs
- Support for coverage interpretation and risk transfer planning
- Claims Coordination
- Coordination and documentation support for property, liability, and vehicle claims
- Collaboration with departments to gather claim information and facilitate communication with insurers
- Support for loss trend review and mitigation recommendations
- Contract and Agreement Risk Review Support
- Assisting departments in reviewing contracts for risk-related provisions
- Identifying insurance, indemnification, and liability language that may create institutional exposure
- Coordinating with Legal Counsel and Finance when appropriate
- Institutional Risk Oversight
- Identifying and tracking risks that may impact campus operations, financial stability, compliance, or strategic priorities
- Supporting leadership through risk-based recommendations and coordination across departments
- Encouraging consistent documentation and proactive risk planning across the University
How ERM Supports the University
Enterprise Risk Management supports Missouri Western by helping leadership and departments anticipate risk, reduce avoidable losses, and strengthen institutional resilience. ERM also helps ensure the University is positioned to respond effectively to emerging risks, regulatory requirements, and operational disruptions.
Requesting Support
Departments may contact Risk Management for assistance related to insurance questions, claims coordination, contract risk considerations, or institutional risk concerns.
