Risk management is the identification, assessment, and prioritization of risks defined (as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
The strategies to manage risk typically include transferring the risk to another party (most often through insurance), avoiding the risk (prevention, safety training and awareness), reducing the negative effect or probability of the risk (mitigation), or even accepting some or all of the potential or actual consequences of a particular risk (self-insurance and deductibles). Sam Houston State University (SHSU) uses a combination of strategies to manage risks. As a state agency SHSU is covered under the Texas Tort Claims Act, V.T.C.A. Civil Practice and Remedies Code, Chapter 101, Section 101.021. Under this act SHSU is limited in liability to: "$250,000 for each person, $500,000 for each single occurrence for bodily injury or death and $100,000 for each single occurrence for injury to or destruction of property." Following this limited exposure, Sam Houston State University, as a state agency, is protected by the doctrine of sovereign immunity, and as such, is self-insured up to the aforementioned limits.
As a part of SHSU's total Risk Management Program the Office of Environmental Health, Safety and Risk Management is charged with approving all drivers of university owned motor vehicles. Motor vehicles include not only automobiles, but also electric vehicles and other gas-powered vehicles operated on public roadways. In order to be an approved driver students, faculty and staff must meet criteria outlined in Finance & Operations Policy FO-45 Vehicle Fleet Management. This policy can be located at:
To become an approved driver of university owned motor vehicles applicants may access the Employee Driving Permit Request Form under Risk Management at: