Office of the Controller

 State Risk & Insurance Services

The Division of State Risk and Insurance Services provides and procures cost effective insurance for state owned property, vehicles, mobile equipment, and liability risk exposures.  Additionally, this division provides state-wide risk management services and procures Public Official Bonds, Commercial Liability, Sickness/Accident insurance policies, Aviation policies and various liability policies to state agencies, universities, and Kentucky Community and Technical College Systems.  The division also provides underwriting, appraisal services of state owned structures and utilizes a third party claims adjuster to assist in processing your claims faster. State Risk evaluates the various state agencies’ insurance needs and acts as the insurance liaison between state agencies, the Finance Cabinet and the commercial insurance market.

  • The State Fire and Tornado Insurance Fund (F&T), an essential focus of the division, is a self-insured, commercial property insurance program established in 1936. The F&T provides insurance protection for all state owned buildings and business personal property (contents), pursuant to KRS 56.070.  The fund provides property insurance coverage on an “all risk” basis, including losses caused by floods and earthquakes, subject to specified exclusions, for approximately 8,200 state owned structures. The current FY policy may be found under Related Information below.
  • The Kentucky Self-Insured Auto Program (KSAP), is a self-insured, state owned vehicle insurance program established in 2011.  The KSAP staff audits and records all vehicle additions and deletions per agency, issues the annual renewal billing and collects the premium due.  KSAP is responsible for insuring in excess of 13,000 vehicles.


The operation of the F&T Fund and KSAP is comprised of three functions:
  • Appraisal: Performs field appraisals and annual appraisal updates for approximately 8,200 structures owned by the Commonwealth. The appraisers determine the replacement cost and actual cash values by using industry standard appraisal software with an emphasis on square footage, perimeter, construction methods and cost of materials. These values are then utilized by the underwriting staff to determine the insurance premium for all state owned structures. 
  • Underwriting: Issues approximately 333 insurance certificates to insured state agencies, universities, and the Kentucky Community and Technical College Systems.  To ensure proper insurance coverage, the underwriters counsel with state entities to determine the acquisition or surplus of buildings, business personal property (contents) and scheduled business continuation coverage, throughout the state.  For the current FY, $24 billion in assets are insured, through the Fire and Tornado Fund.
  • Claims: Administers all property damage claims for the Commonwealth of Kentucky within the Fire and Tornado Fund (F&T) for insured properties. As part of a claim, they are also responsible for setting up the claim, investigating, assigning to a third party property claim adjuster when needed, and making settlement payments to the insured agency for covered damages.  For auto claims with the Kentucky Self-Insured Auto Program (KSAP), the claims staff sets up a claim, receives photos and police reports to confirm vehicle coverage prior to sending the claim to a third party claims adjuster, who will handle the claim until settlement is determined for closure.  Claim packets and claim forms are under Related Information below.
State Risk & Insurance Services Training:
Our division offers a variety of complimentary training opportunities to state agencies. These include a wide variety of insurance topics including, but not limited to the following:
  • A General Overview of the Fire & Tornado Fund and KY Self-Insured Auto Program (includes form completion assistance).
  • The Property and Auto Claims Process
  • The KY Self-Insured Auto Program Audit Process

For more information, please review the Training Request Form (CTR-1) under 'Related Information'


Sprinkler Inspection Training:
  • Quick overview with contract highlights (30 minutes)
  • Who we are and the types of systems (1 hour)
  • Who we are and the types of systems with an inspection of a riser (2 hour)
  • Customize a class - Tell us what you want!
For more information, please contact:

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Related Information: 










Finance and Administration Cabinet:


State Risk & Insurance Services Quarterly Newsletter:

 State Risk - January 2020 Newsletter.pdf

 State Risk - October 2019 Newsletter.pdf

 State Risk - July 2019 Newsletter.pdf


To sign up for our newsletter, contact:



Manager Contact Information:
Sheri B. Whisman, Director                                           
(502)782-5444 or (502)229-3905                                  
Buryl Thompson, Assistant Director
Meagan Hart, Appraisal/ Underwriting Manager  
Evelyn Smith, Claims Manager


​Sheri B. Whisman

​Direct Line: (502) 782-5444
Work Cell: (502) 229-3905

Finance and Administrtion Cabinet
Office of the Controller
Division of State Risk
500 Mero St., 1st. Floor
Frankfort, KY 40602-0517

Office: (502) 564-6055


Offices and Divisions