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Enterprise Risk Management & Insurance

Insurance Programs

The university mitigates the financial consequences of property and casualty losses by purchasing insurance through the State Fiscal Accountability Authority, Office of the Insurance Reserve Fund (IRF). As needed, the IRF policies are supplemented by additional policies purchased from the private market. The IRF uses no agents, brokers, or advertising, and does not actively solicit accounts. This streamlined process and lack of profit motive allows it to maintain a very low rate structure.

The university maintains a range of property and casualty insurance policies. If you have specific policy questions, please contact Risk Management at 803-777-7103.

The university’s Aircraft Liability and Hull policy is held through Global Aerospace, Inc. and is managed by the IRF and Hope Aviation. State agencies currently listed on the policy include the University of South Carolina, Clemson University, the Department of Commerce and the Department of Natural Resources. All specific bidding processes, contractual arrangements and coverage limits are handled by the IRF. The Office of Enterprise Risk Management & Insurance, Athletics, and the Office of the President review coverage annually and make changes as necessary.

Coverage for bodily injury claims caused from the operation and maintenance of any university vehicle is provided by the automobile liability policy. The physical damage policy provides financial loss protection for property damage losses caused from the university’s operation of select automobiles. Mandatory physical damage coverage is maintained for all vehicles that are six-years-old or newer and for vehicles that are utilized by Law Enforcement and Postal Services. There are additional guidelines that must be followed for use of 15 passenger vans and rental vehicles.

Use of Personal and Rental Vehicles [pdf]

Use of 15 Passenger Vans

This policy protects the university from financial losses associated with the direct physical loss/damage to new structures during the building process, and to existing structures undergoing substantial renovation. Requests for coverage additions and modifications are reported to the Office of Enterprise Risk Management & Insurance by Construction Services.

Building values are determined by the IRF’s Appraisal Unit. Building and content values are reviewed by the Office of Enterprise Risk Management & Insurance, Space Management, Athletics, Housing and individual departments annually and as needed. Content values for each building are determined and tracked through the use of the University’s inventory system as described in Business and Finance Procedure (BUSF 5.00), Property Accountability.

The Business Interruption policy protects the university from financial losses associated with business income and extra expenses that may occur if operations are suspended because of a physical loss/damage to covered property. Controlling departments, in conjunction with the Office of Enterprise Risk Management & Insurance, make a determination of annual gross earnings and review the insurance coverage annually.

This policy provides financial loss protection for costs resulting from unauthorized use or access to electronic data and for liability associated with the unintentional release of personal information. The policy specifically provides coverage for crisis management, customer notification expenses, credit monitoring, computer forensics investigation and liability claims concerning breach of privacy.

Liability coverage for directors and officers is not available through the IRF; it is purchased through AIG insurance company. The Directors and Officers Liability policy is written on a claims-made basis and covers directors and officers facing claims that allege financial loss resulting from mismanagement. It contains several types of coverage; direct coverage to directors and officers when the organization is not legally obligated to indemnify them, coverage for university reimbursement when it is obligated to indemnify directors and officers for their acts and direct coverage to the university.

The Electronic Data Processing Equipment Policy is a blanket policy that covers direct physical damage and loss to computer equipment, printers, air conditioning, fire protection and electrical equipment used exclusively in data processing operations. The values of insured property are reviewed and updated by the Office of Enterprise Risk Management & Insurance and DoIT annually and as needed.

Emergency/Travel Medical policies are purchased from Cultural Insurance Services International (CISI) by the Study Abroad office. Any faculty or staff member traveling overseas on university-sponsored business (conducting research, teaching, presenting at a conference, conducting site visits, etc.) has the option of enrolling in an emergency medical insurance plan for coverage while they are abroad. All university personnel involved in study abroad programs are required to purchase this supplemental insurance. Coverage includes a comprehensive security evacuation benefit for military, political, personal threat situations and natural disasters.

This type of coverage is not available through the IRF and is purchased from the Chartis insurance company. It is a blanket policy that provides coverage for employee theft, forgery, alteration, robbery, safe burglary, computer fraud and losses from accepting counterfeit paper currency.

This policy provides financial loss protection for the university, its employees and volunteers who may be held legally liable by third parties resulting from actual or alleged negligence while performing assigned job duties. The Office of Enterprise Risk Management & Insurance, Human Resources and other university offices review and update the policy annually. Additional steps should be taken when allowing volunteers to participate in university activities, as outlined in our volunteer procedures.

Volunteer Procedures and Forms [pdf]

Inland Marine policies are put in place to cover works of art, construction and grounds equipment, field scientific equipment, and objects that are removed from university buildings. Currently, the university maintains six of these policies. The values of physical items are reported to the Office of Enterprise Risk Management & Insurance annually by the controlling departments and when new items are purchased.

The medical professional liability policy is maintained to mitigate potential financial losses related to the delivery of medical services by university personnel. All departments that provide medical services are required to maintain insurance through the IRF. Coverage is reviewed by the Office of Enterprise Risk Management & Insurance and other university offices annually, and as new medical personnel are hired. The medical liability policy purchased through the IRF is divided into two separate coverage categories; physicians and non-physicians. To meet contractual demands associated with student and faculty internship placements, certain university departments must purchase additional medical professional liability insurance.

The university purchases workers’ compensation benefits for its employees through the State Accident Fund (SAF). The execution and maintenance of the university’s workers’ compensation policy is primarily handled by the Human Resources department. The Office of Enterprise Risk Management & Insurance reports information to the SAF related to all non-paid student interns who are performing work as part of their degree program and are not covered under the human resources policy.

State Accident Fund

This program is designed to provide low-cost, sports-specific insurance to camp programs for minors that are conducted in University facilities.  It protects the camp, its coaches and counselors, and the University venue where the camp is held against claims by individuals who could be injured as a result of participating in the camp. In addition, campers are covered with an excess accident medical policy for medical bills related to accidents that occur at the camp.

Most transactions are web-based, and coverage is provided by RPS Bollinger Sports & Leisure, not the University of South Carolina. Contact the RPS Bollinger Sports & Leisure URMIA Sports Camp Program managers directly if you experience difficulties with the website, have questions about high-risk activities, or want to know about other program details.

If you wish to purchase Sports Camp Insurance Program coverage, please visit https://ucamps.rpsins.com/.  You will need to select "Buy Online", complete an application form, and pay for the coverage.  

If you have purchased Sports Camp Insurance Program coverage, please note the following:

  • You must verify the coverage you purchase meets your specific agreement for facilities use.
  • The University of South Carolina should be named as additional insured for all events.

Disclaimer: The listing of insurance agencies in this document is offered solely as information to University of South Carolina (USC) students, faculty, and staff and facility users. USC cannot guarantee the completeness or accuracy of such information. Inclusion of any agency in this document does not constitute, and shall not be construed or reported as (1) an endorsement or approval by USC of the agency, or its business practices, or (2) a warranty or representation by USC as to the quality, safety or other features of such agency and/or its owners or employees. USC expressly disclaims any and all responsibility for any problems that may arise with regard to such agencies with regard to disputes between agencies users. All prospective users must exercise their own due diligence and good judgment when evaluating a prospective agency and/or insurance products.

This policy is designed to provide low-cost general liability insurance to external users (3rd parties with no relation to the institution and no institutional financial support) of University facilities. Most transactions are web-based and coverage is provided by Arthur J. Gallagher Risk Management Services, not the University of South Carolina. Contact the Arthur J. Gallagher TULIP managers directly if you experience difficulties with the website, have questions about high-risk activities or want to know about other program details.

If you wish to purchase TULIP coverage, please visit https://tulip.ajgrms.com/.

You will need to select “Quick Quote,” complete an application form and pay by credit card for the coverage. Upon completion of the transaction, you will be emailed a copy of your application and a binder of coverage. The university’s Risk Management office will also receive a copy describing the event and a certificate of insurance.

If you have purchased TULIP coverage, please note the following:

  • You must verify the coverage you purchase meets your specific agreement for facilities use.
  • The University of South Carolina should be named as additional insured for all events.
  • Liquor liability coverage is required for any event where alcohol will be served.
  • If vendors are attending your event, you must verify that they have proper insurance coverage (naming the University of South Carolina as an additional insured) or you must purchase coverage for the vendors when prompted to do so.


Disclaimer: The listing of insurance agencies in this document is offered solely as information to University of South Carolina (USC) students, faculty, and staff and facility users. USC cannot guarantee the completeness or accuracy of such information. Inclusion of any agency in this document does not constitute, and shall not be construed or reported as (1) an endorsement or approval by USC of the agency, or its business practices, or (2) a warranty or representation by USC as to the quality, safety or other features of such agency and/or its owners or employees. USC expressly disclaims any and all responsibility for any problems that may arise with regard to such agencies with regard to disputes between agencies users. All prospective users must exercise their own due diligence and good judgment when evaluating a prospective agency and/or insurance products.

Enterprise Risk Management & Insurance


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