Insurance and Risk Management

1
Insurance and Risk Management

• Bob Gomez, ASU Risk Management
• 5-6927, robert.gomez_at_asu.edu
• ASU Risk Management
• E-mail risk_at_asu.edu
• Website www.asu.edu/provost/riskmgmt

2
Insurance and Risk Management

• ASU Liability and Property Insurance
• Coverage Program
• who is covered
• what is covered
• exclusions
• Insurance Claims Process
• Loss Prevention Exercise

3
Liability Coverage

• Automobile liability insurance for
• University-owned vehicles
• Leased and rented vehicles
• Non-University-owned (private) vehicles
• General liability insurance
• Professional liability insurance

4
Liability Coverage (Cont)

• Student internship insurance
• Volunteer insurance
• Exclusions of coverage
• Alcohol permit insurance
• requirements

5
Miscellaneous Coverages

• Mexican/International travel insurance
• coverage for liability and property
• Emergency Travel Assistance Program
• Workers compensation coverage
• Non-employee (student, volunteer, and
• invited guests) travel medical insurance
• coverage

6
Property Coverage

• University-Owned Property Insurance Coverage
• University-owned
• Personal property
• Real property
• Funds and securities losses
• Exclusions of coverage for property

7
Property Coverage (Cont)

• Non-University-Owned Property Insurance Coverage
• Equipment and art exhibits leased, rented
• or loaned to the university
• Personal property required for the job

8
Insurance Claims Process

• How to file a property loss claim
• 5-1851 or 5-1914
• How to deal with a third party
• claim 5-6927 or 5-4550

9
Insurance Verification-Certificates of Insurance

• Certificates issued by the state
• for the university
• Certificates issued to ASU by a
• non-state entity

10
Major Insurance Claims

• And
• What Can Be Done About
• Loss Prevention
• Closed, Pending, Open, or on Appeal

11
Major Insurance Claims (Cont)

• Electrical transformer fire during a Notre
• Dame football game
• Broken mercury thermometer in a wind tunnel
• Bleacher fire during a Rolling Stones concert
• Fraternity house fire (2)
• Technology transfer/licensing agreement
• University 15 passenger van rollover
• (catastrophic)
• University 7 passenger van rollover (near miss)

12
Major Insurance Claims (Cont)

• Medical malpractice claim
• Emergency shower/eye wash building flood
• Wrongful termination
• 45 motor vehicle accidents
• Music Building addition roof fire
• 28 work related eye injuries
• Ticket Advance and petty cash box fidelity claim
• Law School Auditorium arson fire

13
Major Insurance Claims (Cont)

• Underground petroleum storage tank
• contamination sites
• Hazardous waste disposal in a solid waste
• dumpster
• Missing/lost/stolen computers and related
• equipment
• Responsible Party Nuclear Waste Federal
• Superfund Site