Services

Though structured into four operating groups - Financial, Operational & Compliance audit (FOCA), Information Systems audit (IS), Risk & Audit Strategy (RAS), and Risk Finance and Insurance, the Risk Management and Audit Services Department (RMAS) looks at risk from a broad perspective.  Its primary mission is to provide independent and objective assurance through the delivery of value-added services.  Working collectively, RMAS evaluates operational practices and the control environment to advise business leaders on effective risk mitigation strategies.

Request a Certificate of Insurance

Providing written proof of (Harvard's) insurance to outside parties is a routine part of many new contractual relationships. Risk Finance and Insurance has created a web-based, self-service tool that allows 24/7 access for all Harvard associates to submit such requests for automated fulfillment. Visit the Department's online risk management self service page to obtain a basic certificate of insurance useful for many common arrangements.

Incident or Injury (Claim) Reporting

Every Harvard associate has an obligation to promptly report any circumstances they know or believe have resulted in physical damage to University buildings or property or injury to employees, students, or guests.  This is especially important when outside insurance has been engaged to respond to such injuries or damages.  Where the situation presents an imminent danger to property or risk to life, HUPD should be the first point of contact for alerting others to these events.  For non-urgent matters, visit the Department's online risk management self service page to submit a report of the event including details that contributed to such circumstances coming about.

Contract

Contract Consultations

Binding agreements between parties can be written or verbal and can take many forms including bills of sale, purchase orders, real estate leases, and offers for employment.  Agreements may also be in a form and format that may not, on the surface, appear to constitute a formal contract such as an acknowledgment between two researchers to maintain a degree of confidentiality when exchanging data sets.  Contracts binding the University and an outside provider to perform certain services or deliver a specific item should, and typically do, contain terms and conditions that describe the obligations of each party and the process and mechanisms by which negative outcomes of the transaction will be managed.  It is important that agreements be properly drafted by a knowledgeable person able to assess the associated risks and recommend modifications to assure compliance to the University’s standards and recommended practices.

Risk & Insurance Management Consultations for Special Events

The Risk Finance and Insurance team is able to provide guidance for special events taking place both on and off campus. Please contact us at risk-services@harvard.edu

Hazard

Hazard Analysis & Loss Prevention Consulting

As part of the University’s Master Property Insurance program, all Harvard owned buildings are eligible for loss control surveys performed by a qualified engineer. These fee-based surveys are intended to assist property/facility personnel with their own overall loss control and risk mitigation efforts, and to help identify property loss exposures at each location.

Building & Fixed Asset Valuations

The Risk Financing and Insurance department can perform detailed appraisal and valuation reviews on all classifications of real and personal property. These appraisals and reviews can be used for internal cost allocations, such as risk financing and insurance premium.

Audit Services

Financial, Operational & Compliance audit (FOCA), Information Systems audit (IS), Risk & Audit Strategy (RAS)