Insurance
Topics
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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 e-mail address
• Nature of operation ( ie: student placement)
• Date(s) of event (ie: Sept 1, 2009 to April 30th, 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
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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
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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:
http://www.ryerson.ca/cehsm/forms/index.html
• 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
9th Floor, Suite 930
1 Dundas St W
Extension 5013
In Carrol’s absence please contract:
Diane Winiarz
Extension 6556
Questions
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