Other Insurance

University of Nevada RenoThe Nevada System of Higher Education (NSHE) purchases insurance to supplement our primary insurance and self-insurance programs. A brief summary of a few of these policies follows.

Crime and Fidelity Insurance

Policy Description

  • The Crime and Fidelity Policy provides four different types of coverage: Public Employee Dishonesty; Forgery of Alteration; Theft; Disappearance and Destruction; and Computer Fraud.
  • Public Employee Dishonesty provides coverage for loss of money, securities and property due to the acts of employee dishonesty.
  • Forgery or Alteration provides coverage for loss involving covered instruments: checks, drafts, promissory notes, or similar written promises, orders or directions to pay a sum of money due to forgery or alteration of the covered instrument.
  • Theft, Disappearance and Destruction provides coverage for loss of money and securities inside and outside the premises or a banking premises; resulting directly from theft, disappearance or destruction.
  • Computer Fraud provides coverage for loss of money and securities resulting directly from the use of any computer to fraudulently cause a transfer of money or securities.

NSHE Deductibles

  • $50,000 – Public Employee Dishonesty
  • $25,000 – Forgery of Alteration
  • $25,000 – Theft, Disappearance and Destruction
  • $50,000 – Computer Fraud

Institution Deductible:

  • $2,000 per occurrence

Claim Procedures

After discovery of a loss or a situation that may result in a loss:

  1. Notify appropriate authority (police, fire, etc.) as soon as possible.
  2. Notify the Risk Management Department (775) 784-6139 as soon as possible.
  3. Complete form URM-013, a Crime and Fidelity Loss Report.
  4. In the event there is reason to believe the loss is due to employee dishonesty, the department should also notify the human resources office and internal audit immediately. You will be provided with further instructions as to how to proceed.

Discovery of Loss occurs when you first become aware of facts which would cause a reasonable person to assume that a loss has been or will be incurred; even though the exact amount or details of the loss may not then be known.

Failure to report the loss or a situation that may result in a loss, in a timely manner, may result in the claim being denied.

The Risk Management Department will request the following as part of their investigation and reconciliation: the appropriate authority's report (police, etc.); a reference to the claimants' fund reimbursement number, and claim cost documentation (i.e.: invoices, purchase orders, estimates for repair, inventory records, etc.).

Conditions

There is no coverage for an employee immediately upon discovery of any dishonest act committed by that employee (whether before or after becoming employed by the Institution).

Loss Control

The Risk Management Department should be notified even if an employee reimburses the University and there is no actual claim being made.

Medical Malpractice Insurance

This insurance covers the acts, errors and omissions of physicians, surgeons and nurses, as well as other specified medical professionals.

Allied Health Malpractice Insurance

This insurance covers the acts, errors and omissions of students and instructors in health-related programs, such as nursing.

Excess Liability Insurance

This insurance provides liability coverage for wrongful acts of employees in other states and countries (limited), as well as in Federal courts. Coverage does not apply to the University of Nevada School of Medicine.