| Policy Number: ADMIN 104 | Policy Title: Insurance Claims |
| Supersedes Existing Policy: Yes | Policy Sponsor: Senior Vice-President Corporate Services & CFO |
| Associated Procedure: Yes | Policy Owner: Manager, Risk Contracts & Insurance |
| Related Documents and Links | Date Last Approved by CET: May 26, 1991 |
1. Policy
Loyalist College shall maintain adequate insurance coverage on properties owned by the college and those held in trust, to protect the college from physical and monetary loss, and for legal actions which may be taken against the college, the trustees, and employees.
The coverage will include, but is not restricted to:
- Crime
- Property
- College Liability
- Excess Liability
- Errors and Omissions
- Owned and non-owned Automobile
- Environmental Liability
- Electronic Data Processing
- Boiler and Machinery
- Board Members’ Accident
- Legal Expense (Defense Costs)
The Board of Governors will review and approve annually the college insurance plan.