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Risk

Risk Management minimizes the risk exposures of OSU by providing risk consulting and risk services to the OSU community. Services include identifying sources of loss, assessing the impact, recommending risk solutions/techniques, assisting with implementation and monitoring the solution/technique for its effectiveness.

 

RISK MANAGEMENT NEWS:

Parking Lots/Damage Claims

**ALERT**

Oregon State University will no longer cover the cost of repairs for damages caused to vehicles parked in the faculty/staff and student lots near Student Legacy Park, Goss Stadium, the Softball Complex, or Patrick Wayne Valley Stadium.  As a result, damage caused by fly/foul balls should be reported to private insurance carriers beginning June 1, 2013.  Signs identifying these parking areas as “park at your own risk” lots will be installed in the coming weeks.  If you have any questions or concerns regarding this policy change, please contact the Office of Risk Management at (541) 737-7252.

 

Oregon State Deductible Changes:

**ALERT**

Starting on July 1, 2013, the internal Oregon State deductibles will be increasing, resulting from the recent Oregon University System Allocation model for insurance costs. These increases apply to all seven (7) universities across the OUS system. The increases will be as follows:

Property Losses: $5,000 deductible (increased from $2,500)

Liability Losses: $5,000 deductible (increased from a $0.00 deductible)

These increased deductible amounts will be applied to the departments for which the claim responsibility lies with. Please contact Risk Management with any questions.

 


 

As a result of the passage of Oregon State Senate Bill 242 (SB 242) in 2011, the Oregon University System (OUS) was established as a public university system, differing from its former status as a state agency. OUS will remain an instrument of the state but now is able to operate with increased autonomy in many of its operations. One key aspect of the change is the exemption SB 242 allows from Oregon Revised Statutes (“ORS”) chapter 278, which granted the State of Oregon’s Department of Administrative Services (DAS) the sole authority to direct and govern risk management and insurance-related programs for all state agencies. For many years, and up until July 1, 2012, DAS provided or procured property, liability, crime, workers’ compensation, and other special insurance coverage for OUS and, for Oregon State University. When the exemption from ORS Chapter 278 became effective on July 1, 2012, DAS insurance coverage’s ceased.

  As a result, OUS, with close input from each of the 7 university representatives, has secured all insurance coverage’s necessary.

OUS has retained Arthur J. Gallagher as the system’s Broker and Sedgwick as the Third Party Administrator for claims. OUS has completed the hiring of a Chief Risk Officer, a Systems Analyst, and an Environmental Health & Safety expert.

As of July 1, 2012, if you need a certificate of insurance for proof of coverage, please request such from Risk Management and we will provide a certificate as soon as OUS secures insurance.
 

 

 

 

 

 

 

 

 

 

 


 

 

 

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