Insurance and Risk Management's mission is to assist the University’s trustees, senior management, faculty, and staff in identifying and analyzing potential events that may adversely affect the achievement of their individual and collective missions, to advise on appropriate control measures to contain the events within the enterprise’s overall risk-taking philosophy, and design, implement and monitor compatible risk financing schemes against the residual.
Our primary responsibility is to develop guidelines, policies, and procedures to address risk management exposures that can affect the University's ability to achieve its stated research, educational and business objectives.
We also have direct responsibility for the management of traditional hazard risks that hold the potential of creating an adverse financial effect on the University. We are not responsible for the development or monitoring of credit, market or liquidity risk exposures.
Our team executes its duties by consulting and collaborating with nearly all University operations as they address the risks that may negatively affect the achievement of their department-specific goals and objectives.
Leadership and excellence in promoting Columbia's overall risk management goals, while striving for continuous improvement and 100% client satisfaction, is the basis for our service model.
Effective February 9, 2021, Risk Management has implemented new procedures for vetting vendor insurance. Please click above to learn more.
Access New York State's Worker's Compensation website for information and resources.
The University’s health and welfare benefits include programs that provide medical, dental, vision, prescription drug, life insurance, and disability benefits to eligible faculty and staff.