Financial Policies

To define departmental scope and responsibility.

To identify potential risk to the University in a timely manner.

To notify the Office of Risk Management & Insurance of any actual or potential third party claim against the University.

To provide a framework for third party property loss reimbursement.

The Office of Risk Management & Insurance handles all professional liability claims not handled by the Office of General Counsel. The purpose of this policy is to maintain the confidentiality of patient information and to control the dissemination of records for such claims.

To provide a framework for University operating unit property loss reimbursement.

Automobile claims handling of property damage or bodily injury when operating a vehicle for University or Penn Medicine business purposes.

To define the driver requirements for operating a vehicle on behalf of the University and Penn Medicine.

To provide partial income replacement when needed and to protect faculty and staff from medical costs which may arise from work-related injury or illness sustained in the course of employment with the University.