Crime Insurance

A major area for insurance coverage consideration involves criminal activities. This section covers the areas of insurance written to protect against direct loss through armed robbery or burglary, and mysterious disappearance (resulting from other than employee dishonesty). 

Employees and visitors should be advised that there are no provisions for insuring their personal property while used or located within the university’s facilities. The use of personal property to accomplish university work responsibilities should be discouraged. In those instances where an employee is required to use personal property in performance of duty, responsibility for reimbursement for financial loss in the event of loss or damage should be clearly established by the employer’s supervisor in advance. 

Coverage

Insurance for crime exposures is covered by: 

Comprehensive Dishonesty, Disappearance and Destruction Policy

 Loss Inside the Premises Coverage, provides financial protection for loss of: (a) Money and Securities by actual destruction, disappearance or wrongful abstraction at the insured premises; (b) other property by safe burglary or robbing or attempt threat; (c) locked cash drawer, cash box or cash register by felonious entry within premises and, (d) damage to premises by safe burglary, robbery or burglarious entry. 

Loss Outside the Premises Coverage provides financial protection for Money and Securities by actual destruction, disappearance or wrongful abstraction; and loss of other property by robbery or attempted threat, outside the premises while being conveyed by messenger or armored car company or from living quarters in the home of a messenger. Contact EH&S for applicable limits of liability. 

Premium Basis 

Premium ratings are based on business and safe classification for inside coverage. Premium considerations include: watchmen, burglary or robbery alarm systems and tear gas systems. Outside coverage is based on rate per messenger, depending upon number of guards which the insured warrants will accompany the messenger. 

Acquisition of Coverage

Upon notification by the Department of Management Services EH&S shall submit the following information necessary to update exposure and coverage: 

1. Description and fire rating of storage facility for storage of money and securities.
2. Special security measures against burglary or robbery, i.e., watchmen, burglary or robbery alarm systems, etc., (if the alarm system is certified, send the certificate). 
3. Maximum monetary value exposed to theft at any one time, broken down into cash and checks. 
4. Type of conveyance, number of messengers, and number of guards when outside premises, armored car frequency per week. 
5. When money, securities and checks exposure exists at locations other than the main university campus, a separate listing by location, which includes items 1 thru 4 above, must be provided. 

Claims Processing

 Report all claims - or potential claims - promptly to EH&S giving complete details, copies of audits, and/or police reports.