Risk Management

Policies and Procedures

Leases

Policy

Real property leased must be scheduled on NSU's insurance policies.

Procedure

All leases, contracts, and agreements for facilities, goods for services that either (i) have a monetary obligation in excess of $15,000, (ii) are for a term of more than one (1) year, or (iii) contain provisions relating to liability, default, indemnification or insurance, must be approved by NSU 's counsel and signed by the President or the Executive Vice President for Administration.

With respect to the Health Professions Division, affiliation agreements for placement of its students must be approved by the Chancellor of HPD. Insurance requirements are handled by the Risk Management Office.