Business and Financial Services

Safety Fund

The Clark University Safety Fund was established to promote employee safety by underwriting the cost of purchasing equipment, materials, supplies or services that will enhance employee safety. The SafetyFund is funded through a portion of the annual dividends the University receives from its participation in ISCC (Independent Schools Compensation Corporation), a worker's compensation self-insurance group. Apart from the primary goal of providing a safe workplace, Clark's success at improving employee safety will directly result in increased dividends since the dividend payout is based on actual claims experience.

Fund Expenditures

Safety Fund expenditures are earmarked for the purchase of products or services that are directly related to improving employee safety. Examples include:

  • New safety products that could be beneficial to Clark employees. If there are no budgeted funds available, the Safety Fund could be used to fund an initial purchase, either for immediate implementation or testing purposes. Ongoing purchases would need to be funded from departmental operating budgets.
  • Equipment with special safety features in some cases can cost significantly more than similar products without the safety features. The Safety Fund could be utilized to pay for new equipment or the difference in price.
  • Safety-related services. Additional risk management engineering, environmental testing, etc. to address a particular safety related issue.

It is expected that departments will appropriately budget for safety materials and equipment. The Safety Fund will not be used to fund recurring safety purchases that should be included in operating budgets.

To request an expenditure from the Safety Fund, complete a Safety Fund Purchase Request Form and submit it to the Business Manager. The request will be reviewed by a sub-committee of the Safety Committee, which will will approve or deny the request based on their evaluation of the request and the availability of funds. The size of the request should reflect the intended goal of funding multiple requests each year.