What is the Risk Management Department?
Risk Management can be defined as the process of planning for the negative consequences of any decision, process or action by using whatever means feasible to control the chance of financial loss. The Department of Risk Management is concerned with the liability exposures that are around the district and how to minimize or eliminate them. Risk Management is also concerned with the process of providing the financial protection to the District whenever unexpected loss events occur. The Risk Management Department manages and processes claims filed against the Wake County Public School System (WCPSS). This includes the major exposures to loss i.e., general liability, professional liability, property, automobile, and workers’ compensation. In addition, risk management is concerned with loss control by preventing, making less sever, and speeding recovery form accidental losses through training, orientations, and work site interventions. The System is committed to reducing accidents in every
