Students who become members of fraternities and sororities avail themselves of significant opportunities that enrich their college life. Faculty advisors play an important role in assisting fraternities and sororities in shaping students' leadership, scholastic, and personal development. Given the risks such as alcohol use and hazing that continue to be associated with Greek life, faculty advisors also need to be actively involved in enforcing various policies to ensure student safety. In this paper, the authors review some of the problems that cause a liability risk to Greek life and they offer examples from their own experience as faculty advisors to two fraternities to help manage the risk.