Risk Finance

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Crime Claims Reporting

All losses shall be promptly reported to your Institution's Office of Risk Management and the University of Texas System (the UT System) Office of Risk Management (ORM).

All incidents involving theft or vandalism should be reported to the Campus Police and local Police Department.

Take reasonable emergency measures to mitigate any further damages.

Complete the Potential Claim Incident Report Form. Once notified of a loss, the UT System ORM will submit the claim on behalf of the Institution to the insurance carrier.

Valuation

The Institution will provide a complete and accurate description of when, where, and how the loss occurred, including a description and estimate of the Money and Securities involved. This information will assist the carrier in the investigation and valuation of the claim.

Settlement of Claims

The insurance carrier will investigate, evaluate and offer settlements, less any applicable deductibles, on reported losses. ORM will review settlement offers with the impacted Institutions(s), and if the offer is accepted, forward payment as appropriate.

 

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The Seal of the University of Texas System

  • © 2009 The University of Texas System
  • Office of Risk Management 220 W. 7th Street, Austin, TX 78701 Phone:512.499.4655 Fax:512.499.4524