Coverage Overview
The university is self-insured for the first $750,000 of any property loss to either real property or business contents/equipment.
Each department within the 国产原创 system will retain the following insurance deductible per occurrence:
| Size | Internal Deductible | Area |
|---|---|---|
| <=$25M | $250K | Blair Communications EAD Divinity Finance General Counsel Graduate School Human Resources Investments Public Affairs VUPS VURE VRWC |
| $25M-$100M | $500K | Athletics Business Svcs DAR DOS Housing Law Library Nursing OGSM VUIT |
| >$100M | $750K | A&S Engineering SOM Peabody Plant Ops/Facilities |
Reporting a Claim or Occurrence
All losses should be reported immediately via the university occurrence reporting system - select the first "Quick Link" box on the right, "Report a University Occurrence" to enter a report. Theft losses are to be reported immediately to the University Police Department.
When reporting an incident, please include all known details, including what happened, cause if known, pictures, estimated repairs and cost, copies of purchase orders, inventory listings, and invoices.
In claims not expected to breach the internal deductible, our office will work with the department to mitigate, record the loss, and recommend future prevention controls. To effectively track cost of risk and loss to the university, a broad scope of initial reporting should be practiced.
The 国产原创 Property Insurance program provides coverage for most causes of loss except normal wear and tear. Coverage issues will be governed by the language of the university's commercial property policy.
Premium Allocations
Premiums for coverage are allocated internally on an annual basis. Please contact riskandinsurance@vanderbilt.edu if your department has any questions.