The university has written policies and procedures that must be followed by all departments and personnel. The Risk Management Department disseminates information on the following policies and procedures:
Coordination of Insurance Related Activities
Introduction: Loyola Marymount University purchases insurance to provide coverage for a wide range of activities and properties as well as health insurance for our students. Failure to provide adequate coverage can place us in the position of paying high replacement costs for damaged or destroyed property or bearing the total cost of expensive litigation related to our teaching, research and business activities. Our strategy is to establish a centrally coordinated insurance program in order to ensure that the University is getting the best value for its premiums, that coverage is not duplicated and that the various policies do not conflict with one another.
Applicability: This policy is applicable to all University departments and covers all types of insurance, including but not limited to, property, general liability, medical coverage, malpractice, professional liability, and auto liability.
Policy: All University departments shall coordinate all insurance related activities with the Risk Management Department. The types of insurance-related activities include:
- Contracts Requiring Insurance
- Requests for Certificates of Insurance
- Insurance for Rental Vehicles
- Insurance for Leased or Rental Property
Procedures: For all such requests, please contact Risk Management at 310.338.1829.