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Claims Overview

 

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Restoring property to the same condition prior to a loss is the purpose of insurance. The State of Oregon Insurance Fund's purpose is to reimburse OSU for costs to restore property needed for the operation of the state.

OSU's Insurance Carrier

OSU participates in the State of Oregon Insurance Fund (SOIF) administered by the Department of Administrative Services Risk Management Division (DAS-RMD).

The SOIF:

  • self-insures property losses up to a certain limit (similar to a deductible),
  • self-insures general liability and vehicle liability losses
  • purchases commercial policies for losses over that limit, purchases commercial policies for specialty coverages, and
  • manages and adjusts claims.

In addition, the SOIF contributes to OSU's workers' compensation insurer, the State Accident Insurance Fund (SAIF).

The DAS-RMD is the only authorized buyer of any commercial insurance on behalf of any state agency, including OSU.

OSU's Insurance Premiums

OSU's contribution to the SOIF are called risk charges, often referred to as premiums. Risk charges are based upon prior losses over the past four to six years, depending upon the line of coverage. The major lines of coverage include property, liability, and workers' compensation. Currently OSU pays about $4.2 Million in risk charges for the Biennium of 2005-2007 for these lines of coverage.

OSU's Insurance Adjuster

The Claims Management Department of DAS-RMD is responsible for investigating, evaluating, and adjusting claims for property and liability losses as well as facilitating workers' compensation injuries through SAIF.

  • Property losses are damages to University property (including University owned vehicles).
  • General liability/vehicle liability losses are damages or injuries to the Public arising out of University activities and University vehicles.
  • Workers' compensation losses are injuries to University employees while working in their jobs.

The process for filing claims for losses varies upon the type of loss.

Filing a Claim or Reporting an Incident

Click below on the type of loss for instructions on filing a claim or reporting an incident.