Risk Management Program
Sigma Alpha Mu's risk management program has been developed in conjunction with the James R. Favor & Company, the fraternity's insurance agent. The Risk Management Program outlines the risk management and insurance contribution for chapters and colonies by considering a range of factors that impact insurance. Risk Management Resources provides other important information, including the Risk Management Policy. James R. Favor & Company Insurance Information provides helpful guides in various areas of chapter and facility management. Copies of current insurance policies and declaration pages are available in the resource center of myΣAM.
Good Samaritan Policy
Known as “Good SAM Policy”
Adopted by the Octagon 4/21/18
If a member assists another person in obtaining immediate and appropriate medical care related to the use or consumption of alcohol, drugs, or to another medical emergency, then that member, as well as those who are assisted, will not be subject to individual disciplinary action with respect to the incident. This is the case even if the member who is assisting was a contributing factor to that emergency. An individual may benefit from this policy more than once, though repeated use of the policy may receive stricter scrutiny.
A chapter that seeks immediate and appropriate medical assistance for a person in need related to the use or consumption of alcohol, drugs, or to another medical emergency, may be eligible for mitigation of charges related to violations of organizational policies. To be eligible for this potential mitigation, the chapter will be required to meet in person or by phone with a national staff member or an alumni volunteer designated by the fraternity. A chapter may benefit from this policy more than once, though repeated use of the policy may receive stricter scrutiny.