UTSA Risk Finance

UTSAProperty & Casualty Insurance ProgramFinancing Risk Management
John DeLaHunt, MBA, ARMUTSA Risk & Life Safety ManagerFebruary 20, 2016
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Business Affairs: Your Partner for Successful Solutions
Policies in Place for People
Workers Compensation (WCI) *Unemployment Compensation (UCI) *Directors & Officers (D&O) *Commercial Crime *Cyber liability (new in 2016)
* Offered through UT System to all UT institutions (“System Coverage”)
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Business Affairs: Your Partner for Successful Solutions
Policies in Place for Property
Real Property (CPPP)*Vehicles (liability, physical damage, etc)*Scheduled equipment*Fine Arts*Mobile equipment
* Offered through UT System to all UT institutions (“System Coverage”)
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Business Affairs: Your Partner for Successful Solutions
Policies in Place for Events
Supplemental Excess General LiabilityFestivals (TexasFolklife, Asian, Homecoming)Tenant User Liability Insurance ProgramThird party (student orgs, e.g.) eventsSports/Academic Camp Insurance
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Business Affairs: Your Partner for Successful Solutions
UTSA Insurance Premiums
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Business Affairs: Your Partner for Successful Solutions
CPPP Fire/AOP Structure
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Business Affairs: Your Partner for Successful Solutions
CPPPWind & Flood Structure
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Business Affairs: Your Partner for Successful Solutions
UTSA Fire/AOP Cash Flows
$0
Year 0
-$250
Year 2
Year 1
Year 4
Year 3
Year 5
Following Catastrophic Property Loss (thousands of dollars)
-$475
-$25
UTSAsuffers the loss
Any sisterinstitutionsuffers the loss
-$25
-$25
-$25
-$25
-$475
-$475
-$475
-$475
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Business Affairs: Your Partner for Successful Solutions
RetentionCPPP - Fire/AOP and W&F
ExposureProperty loss >$250kDeductible if UTSA suffers the loss$250k per occurrence, both programsFire/AOP Replenishment over 5 years$475k per year if UTSA suffers the loss~$25k per year if another campus suffers the lossW&F Debt Service over 20-30 years$20M if UTSA suffers the loss~$1.5M if another campus suffers the loss
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Business Affairs: Your Partner for Successful Solutions
RetentionEmployment Practices
ExposuresWrongful TerminationHarassment/RetributionDenialof TenureCivil rights actionsOther federal causesDeductibles$100,000 individual per occurrence$300,000institution per occurrence
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Business Affairs: Your Partner for Successful Solutions
RetentionTort Liability
ExposuresPremises defectTangible personal propertyMotor-driven equipmentLimit of Liability– fully retained$250,000 individual, per occurrence$500,000 limit to individuals, per occurrence$100,000 property damage$600,000 total
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Business Affairs: Your Partner for Successful Solutions
Retention Summary
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Business Affairs: Your Partner for Successful Solutions