Some are underwritten by the nation's largest and oldest insurance companies, or by Lloyds of London. The university reduces costs by acting as its own insurance company. However, since individual departments are responsible for uninsured losses, it is prudent to check on the limitations and exclusions of those programs. General Liability Provides legal protection for claims made against the university by members of the public or organizations who allege that they have suffered bodily injury, personal injury or property damage. Basic Property Program Provides coverage for the university's buildings and property against loss or damage by a limited list of perils such as fire, windstorm, hail, explosion, riot, vandalism, and specific types of theft and water damage.
Property is covered worldwide.
Transit Risk coverage is effective only within the continental U.S. and Canada. Open Cargo Provides coverage for overseas shipments to Alaska, Hawaii, U.S. territories and foreign countries via marine vessel or aircraft. Fine Arts and Collections Provides extra coverage for the university's fine arts acquisitions and works of art loaned to the university by others. Provides protection for these items while they are on display, in storage or in transit between locations. Automobiles Provides coverage for damage to university vehicles and protection for claims arising from operation of these vehicles.