Liability & Property Insurance

The University will make every reasonable effort to protect the health and safety of members of the community and the public from any hazards incidental to operation of the University. We focus on evaluating the cost/benefit of both the insurance and self-insurance programs. We strive to preserve and protect Stanford's resources against losses arising out of any occurrence, thereby enabling the University to carry out its goals of providing quality education, research, patient care and public service programs. To fulfill these objectives, we consider all types of risks, including but not limited to natural, environmental, political, compliance, economic/business, social and technological risks. See also AG 2.4.4

Liability

Risk Management's insurance and self-insurance programs respond to various liability exposures, including but not limited to automobile, general/premises and clinical trials liability.  Upon learning of an incident that could result in a claim against the University, promptly submit form SU-17B immediately to Irina Herbert (iherbert@stanford.edu) in the Risk Management Office.

Property

Risk Management's insurance and self-insurance programs respond to loss or theft of, or damage to, various physical assets, including but not limited to artwork, buildings, equipment and contents owned by the University, and property loaned to the University for which the University accepts responsibility. You can Submit a Property Loss Form (theft) or Property Incident Report to Laura Cisi (lcisi@stanford.edu) of the Risk Management Office.  You will receive a reply within one to five business days regarding the loss.

For accidents/incidents occurring on or after September 1, 2021, the property deductible shall be $10,000 per claim. Administration Guide update pending.*

Buildings and Contents

Coverage may include loss or damage to University property caused by insured perils including but not limited to fire, smoke, windstorm, explosion, and vandalism.

Boiler & Machinery

Coverage may include sudden and accidental breakdown/damage to boilers, pressure vessels, heavy machinery caused by explosion, burning, bulging, and cracking. 

Crime/Employee Dishonesty

Coverage may include loss of monies and securities due to perils such as robbery, burglary, theft, or employee dishonesty.

Property Leased or Loaned to Stanford

Coverage may include loss or damage to property owned by others that is loaned or leased to the University, or that the University otherwise contractually agrees to insure. See Property Management Manual 2.4.2 (Loans, Transfers, Leases and Rentals) for more guidance. 

* As communicated to University Budget Officers in March 2021