The mission of the Risk and Insurance Management Department is to manage Northern Michigan University's risk of financial loss from property and liability exposures by planning, directing and coordinating the NMU’s risk and insurance management program through a continuous process of
- identifying and analyzing exposures to loss,
- selecting a risk management technique or combination of techniques to be used to handle each exposure,
- implementing the technique chosen, and
- monitoring the technique chosen and making appropriate changes.
In addition, this department manages the university’s fixed asset inventory system.