Insurance

Topics Vendors Coverage/Policy Summaries Certificates of Insurance Liability Waivers Reporting Stolen or Damaged University Property Reporting On Campus Accidents Contract/Agreement Reviews

CURIE CURIE (Canadian Universities Reciprocal Exchange) Established in 1987 to provide universities with a guaranteed source of insurance Owned and managed by universities Currently 58 universities are members Advantages Premiums substantially below market prices Policies tailored for universities (professional liability, student medical malpractice liability and sports and recreational activity) Higher policy limits

Marsh Canada Ltd. Broker for remaining commercial coverages Advantages Works closely with CURIE Represents many universities and thus is able to provide reduced premium rates

Policy Summary - Property Provides coverage for property of every description anywhere in Canada and the United States, owned by the University or by others which the University has assumed responsibility Includes extra expense, loss of rent or rental value and business interruption Property anywhere in the world subject to a maximum recovery of $1,000,000 in respect to any one loss including transit and temporary storage Deductible - $50,000 Departments are responsible for the first $5,000

Policy Summary – Property Continued Some exclusions include: Motor vehicles New building structures during the course of construction Aircraft, watercraft over forty feet Personal property of students, faculty or staff Currency, money, notes, securities, stamps, jewelry Fine arts Rare books valued in excess of $1,000 Biological material (includes animals involved in research) All other live animals

Policy Summary - Liability Broad coverage: Bodily injury Personal injury (false arrest, false imprisonment, invasion or violation of privacy, libel, slander) Property damage Property damage – leased property Professional and malpractice Deductible - $1,000 (covered by the University)

Policy Summary – Liability Continued Some exclusions include: Workers’ Compensation Automobile Aircraft Watercraft War Pollution Products or work Employment related practices Nuclear Human Rights Intellectual property

Policy Summary Error & Omissions Provides coverage for liability arising from wrongful acts in the rendering or failure to render professional services Includes Errors and Omissions and Professional Liability Deductible - $1,000 (covered by the University) Some exclusions include: Fines or penalties imposed by law Personal advantage (person profit not legally entitled) Illegal remuneration Dishonesty Violation of Statute Employee benefits Bodily and personal injury, property damage

Policy Summary - Automobile Provides coverage for all licensed vehicles owned or leased by Ryerson on a long term basis Covers employees of the University, as well as those who are specifically given consent to drive University owned vehicles while on University business Employee names and drivers license numbers must be submitted before driving University owned vehicles Driver profile must be completed annually

Policy Summary – Non Owned Auto Complements the Automobile Policy Provides coverage for claims for bodily injury or property damage arising out of the use of automobiles not owned by the University (short term rentals) provided the University’s name is on the agreement and is being used for University business Highly recommended that you purchase extra insurance offered by car rental companies under Ryerson’s name Excludes vehicles owned by University employees Deductible $1,000

Policy Summary – Boiler and Machinery Provides coverage for losses relating to sudden and accidental breakdown of all boilers, pressure vessels, mechanical and electrical machinery Various deductibles depending on type of property and size

Policy Summary - Crime Provides coverage for theft of money or securities by employees or others Includes fraud or dishonest acts committed by an employee Various deductibles depending on type of loss (Employee dishonesty, Loss inside or Outside Premises)

Policy Summary – Fine Arts Provides coverage for the University’s fine arts collection against physical loss or damage Premium is based on total value of collection Collection is itemized and provided to the insurance company Acquisitions (either donated or purchased) should be added

Policy Summary – Umbrella Liability Provides increased limits over and above the limits provided by CURIE’s General Liability policy, Educational Errors and Omissions, Automobile and Non-Owned Automobile policies Inexpensive way to increase liability coverage

Policy Summary – User Group Program Available to outside companies/groups using Ryerson facilities who do not have their own liability policies Premiums charged to companies/groups are based on type of events, length of event and number of attendees Ryerson pays a minimum premium All premiums collected over and above the minimum are paid to the insurance company annually

Certificates of Insurance (COI) A COI is an indicator of adequate insurance coverage in force Form is completed by the Insurance Company Who requires COI’s? ie: Students on placement Students filming on location Outside companies using Ryerson facilities Ryerson using city property (orientation – street closures)

Certificates of Insurance (COI) Continued Information required to complete a COI Name and full address of Certificate Holder Contact name, title, phone #, fax # and address Nature of operation ( ie: student placement) Date(s) of event (ie: Sept 1, 2009 to April 30 th, 2010) Limit of liability (ie: $5,000,000) Additional Insured? Upon receipt of complete information, Carrol Scanlan, Insurance Officer, will arrange to have the COI issued by CURIE Carrol will forward the COI to the appropriate parties Please allow at least 5 working days for the completion of COI’s

Liability Waivers It is a legal document and by signing the Waiver and Indemnity, you are giving up certain legal rights, including the right to sue, should you be injured while participating in the named activity Waivers are written specifically for each event Lists all the potential risks Samples: Voluntary field trips Student activities (a student risk assessment form must be completed – Student Services, Student Programs) Sport activities For travel a Risk Assessment must be filled out by Faculty member (at least 6 to 8 weeks prior to Travel) On line Risk Assessment are located on Centre for Environmental Health, Safety and Security Management’s web site

Reporting Stolen or Damaged University Property Contact Campus Security immediately at 5040 Contact Carrol Scanlan, Insurance Officer, at 5013 with details Date of loss, description of property, value of property

Reporting On Campus Accidents Contact Security immediately at 5040 If it is an emergency dial 80 on internal phones Security will administer first aid Complete a “Internal Accident/Incident/Exposure (AIE) Report” There are 2 types of AIE reports (1) For faculty & staff and (2) For students and others Forms can be found on the following website: Completed forms should be forwarded to the Centre for Environmental Health, Safety and Security Management Contact Carrol Scanlan, Insurance Officer at ext 5013

Contract/Agreement Reviews All contracts/agreements must be submitted to Carrol Scanlan, Insurance Officer, for review prior to being signed. Some insurance clauses may include: Hold harmless clauses Indemnity clauses COI requests

Contact Information Carrol Scanlan Insurance Officer Financial Services 9 th Floor, Suite Dundas St W Extension 5013 In Carrol’s absence please contract: Diane Winiarz Extension 6556

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