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This message is being distributed on behalf of
Procurement & Strategic Sourcing.
Insuring Your Departmental Assets


The University’s assets, including departmental equipment, are not covered by UTA’s general liability insurance coverage in most cases. The Property Policy (to include contents) is for a catastrophic loss and carries a large deductible. As a result, any equipment must be insured separately as part of the UT Systemwide Equipment policy. The Equipment policy pays for direct physical loss or damage to scheduled equipment inventory with some exceptions. The list of equipment types that can be covered under the policy includes, but is not limited to, audio/visual equipment, computer equipment (including computerized office equipment, laptops, and other small mobile devices), medical equipment, scientific equipment, radio tower equipment, copiers, and other miscellaneous types of equipment.
The premium rates have not been finalized by UT System but are anticipated to be approximately $0.50 per $100 of value insured with a $2,500 deductible ($1,000 for laptops). Each Department Head or Business Officer should assess their equipment inventory regularly and determine whether coverage is appropriate. With no insurance in place departments are generally responsible for damaged equipment out of their current budgets.
Premiums and deductibles are the responsibility of the department and should be included in the department’s annual operating budget.
For more information, or to add equipment to the policy, contact Felecia Shelton at [log in to unmask]<mailto:[log in to unmask]> or Linda Olson at [log in to unmask]<mailto:[log in to unmask]>.
The deadline to add equipment is Friday September 15th.

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