The Office of Risk Management administers the state’s self-insurance program. The office is responsible for managing all state insurance coverage covering property and liability exposure. Risk Management is also responsible for managing all tort claims made against the state or any of its agencies whether or not covered by the self-insurance fund.
The office contracts with a third party administrator to provide claims adjusting and loss prevention services, but retains its authority to authorize and approve all negotiations and settlements.
As part of its program, Risk Management consults with its agency clients on safety and loss control, provides for elevator inspections, reviews agency contracts for insurance and indemnity clauses, and maintains valuations or state-owned property.