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Â鶹´«Ã½Ó¦Óà University Self-Insurance Corporation

• Comprises 11 of the 13 four-year public institutions in Â鶹´«Ã½Ó¦ÓÃ.
• Incorporated in 1987.
• Cooperative risk financing facility.
• Mechanism for identifying loss trends and developing solutions unique to the university setting.
• Organizational structure.

How it works

• Universities fund the first layer of loss in the form of retention or deductible.
• Â鶹´«Ã½Ó¦Óà University Self-Insurance Corporation funds the second layer of loss and buys excess insurance to cover the member institutions from catastrophic losses.
• We get a better deal on excess premiums through group purchases.
• With no losses, we get paid premiums returned in the form of a dividend.
• Equity also accumulates so that investment income can offset both current losses and future premiums.

Goals of Â鶹´«Ã½Ó¦Óà University Self-Insurance Corporation

• Broad coverage.
• Cost stability and reduced cost.
• More control.

Who is covered

• The institution and the governing board.
• Employees when they are acting within the scope of their duties.
• Volunteers and students when they either perform services or become engaged in activities on behalf of the institution.

Other coverages (non-Â鶹´«Ã½Ó¦Óà University Self-Insurance Corporation programs)

• 15-Passenger Vans - Not Authorized
• Aircraft hull/liability premises
• Automobile physical damage/liability
• Builders risk
• Crime
• Directors and officers liability for the Arboretum Property Owners Association
• Directors and officers liability for Paper Technology
• Directors and officers liability for the Western Â鶹´«Ã½Ó¦Óà University Foundation
• Excess workers compensation
• Foreign coverage (general liability)*
• General liability for the Western Â鶹´«Ã½Ó¦Óà University Foundation
• Government entity bond
• Health center and related health specialties general/professional
• Inland marine insurance coverage (equipment insurance)
• Liability premises*
• Multimedia professional liability (broadcasters and publishers liability)
• Non-owned aircraft liability*
• Professional/general liability for the alliance
• Professional/general liability for the Center for Disability Services
• Travel accident
• Underground storage tank

*Group purchase with other Â鶹´«Ã½Ó¦Óà University Self-Insurance Corporation universities.