Insurance

Miami University participates in the Inter-University Counsel Insurance Consortium (IUC-IC). This consortium was formed to coordinate the purchase of property and liability insurance for many of Ohio 's public universities. Participating in a pooled insurance arrangement allows the institutions to achieve together--through collaboration and cooperation--what institutions may be unable to achieve alone.

A summary of the coverage provided is provided below:

All Risk Property, Extra Expense and Boiler & Machinery

Covers direct physical loss of or damage to all real and personal property not otherwise excluded in which the university has an insurable interest and the cause of which is the result of an insured peril. Deductible is $350,000.  Privately owned property is not covered by this policy. 

Auto Liability

Provides bodily injury and property damage liability protection for damages resulting from the ownership, maintenance, use, loading or unloading of a covered auto. Policy deductible is $1,000,000.

Commercial General Liability

Provides general liability protection, subject to varying terms, conditions and limits for bodily injury and property damage liability, personal injury liability, advertising injury liability and medical expenses.  Policy deductible is $1,000,000.

Educators Legal Liability

Provides coverage for damages resulting from alleged wrongful acts, errors or omissions for which the university is legally obligated to pay on account of any claim brought against them not otherwise excluded under the policy.  Policy deductible is $1,000,000.

Foreign Liability

Protects against general liability exposures occurring outside the United States, its territories and possessions, Puerto Rico and Canada. Also provides for emergency services to employees traveling overseas on University sponsored business. 

Umbrella Excess Liability

This insuring agreement provides additional liability protection for bodily injury and property damage beyond that covered by the institution's basic underlying insurance.

 

Proof of Insurance

Click to proceed to our broker's web site to obtain a memorandum of insurance.