Risk Management Property Protection and Business Continuity Planning

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Risk Management Property Protection and Business
Continuity Planning

• Jason Bible, MS, CHMM, ARM
• Risk Manager

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What does Risk Management do?

• Workers Compensation
• Case management for 4,425 employees and 800
  residents
• Property Insurance (value insured)
• Fleet (2.2M)
• Equipment (3.6M)
• Real Property contents (937M)
• Business Continuity Planning

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Property Insurance

• Comprehensive Property Protection Program (CPPP)
• Covers Real Property (buildings) fixed contents
• Deductible is 250,000 per occurrence
• Exclusions
• Personal property
• Research specimens
• Intellectual property

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Property Insurance

• Equipment floater
• Covers scheduled equipment
• Premium is 1 per 100 of insured value
• Fleet- Liability or Comp and Collision
• Personal vehicles are not covered
• What do I do if I am in a car accident?
• Call EMS and police
• Notify Risk Management

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Help Avoid the 3 Main Causes of Property Loss at
UTHSC-H The three main causes of property loss
at UTHSC-H in FY06 were water leaks, theft, and
electrical power interruption. These three
perils resulted in over 331,000 in direct loss
and untold disruption to teaching, research, and
service activities. The deductible for the UTS
Comprehensive Property Protection Program is
250,000 per occurrence, in FY06 none of the
losses exceeded the per occurrence deductible,
however the sum of retained losses exceeded the
deductible by 140,000. In special cases
additional insurance can be purchased.
Summarized below are simple steps that can be
taken to avoid such losses.
Information about the purchase of additional
insurance can be obtained by contacting Risk
Management 713-500-8100.
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Business Continuity Planning

• BCP is a logistical and financial plan that
  restores critical organizational revenue streams
  after a disaster.
• Risk Management is working with key personnel to
  create or update their departments plans.

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What can an ASL do to help?

• Report all property losses!
• Protect critical information, supplies, and
  equipment
• Any electronic data should be backed up and
  stored in a physically separate location. Do not
  store anything of value on a laptop
• Investigate multiple sources for critical
  supplies. A disaster doesnt have to strike
  Houston to cause shortages from sole source
  vendors.
• Make sure all critical equipment is kept off of
  the floor and covered when not in use.