Insurance Programs

The University mitigates the financial consequences of property, human, and financial loss by purchasing insurance through the State Fiscal Accountability Authority, Office of the Insurance Reserve Fund (IRF).  As needed, the IRF policies are supplemented by additional policies purchased from the private market. The IRF uses no agents, brokers, or advertising, and does not actively solicit accounts; this streamlined process and lack of profit motive allows it to maintain a very low rate structure.

Insurance Reserve Fund

Property and casualty insurance policies maintained by the University include: Building and Personal Property; Inland Marine; Data Processing Equipment; Business Interruption; Automobile Comprehensive and Collision; Aircraft Hull; Builders’ Risk; Automobile Liability; Aircraft Liability; Directors’ and Officers’ Liability; General Tort Liability; Medical Professional Liability; Cyber Risk; Employee Fidelity; Emergency/Travel Medical; Workers’ Compensation. A brief description of each policy is shown below.

If you have specific policy questions please contact Risk Management at 777-7103.