Illegal activities or activities conducted by employees or Board members which are not in the performance of their official capacity are not covered. Medical Professional Liability is insurance for those students involved in medical programs and required by the agency where the student is studying or practicing. Medical professional liability insurance will be administered by the respective departments where the programs are housed. A-7 . Property Insurance General. North Idaho College property is automatically covered by the All-Risk Property Insurance policy upon being purchased.
Coverage begins when the property is paid for and physically delivered to the site.
Risks insured include all risk of loss or damage except exposures specifically excluded or limited under terms and conditions of the property policy. Replacement cost or actual cash value of damaged or lost property, subject to applicable deductibles, plus other direct expenses, will be reimbursed by the insurance carrier upon acceptance of a properly document claim. Time limitation . Claims must be processed within 6 months from the date of loss. Business interruption coverage provides reimbursement for lost revenues resulting from covered property loss, subject to applicable deductibles and presentation of an appropriately documented claim.