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The role of risk management is to reduce the costs and mitigate the risks associated with the operations of the colleges arising from accidental loss, and the financing of such losses. Losses may arise from fire and water damage, liability claims and litigation, employment-related injuries, theft, and other causes.
Five College Risk Management is a shared administrative program providing risk management and insurance services for the four private colleges in our Five College Consortium: Amherst, Hampshire, Mount Holyoke, and Smith Colleges. The University of Massachusetts at Amherst does not participate in the program. Through interaction with the Colleges and their faculty, staff and students, risk management provides administrative support and guidance in an effort to safeguard the Colleges' assets, thereby ensuring the preservation of our academic programs.