Insurance and Risk Management

Print this Page

Policy Number: 7.8
Effective Date: February 20, 2023
Revision History: Reviewed May 26, 2016
Policy Contact: Director of Purchasing

I. Purpose and Policy Statement

GGC adheres to Board of Regents Policy Manual 7.8 Insurance, which addresses Property Insurance, Liability Insurance (including Automotive, Professional Liability, and Cyber Insurance), and the Fidelity Bond. This policy provides additional guidance on insurance and risk management at GGC.

II. Scope

All GGC employees are responsible for understanding and complying with this policy.

III. Insurance on College Owned Property

1. Georgia Gwinnett College property is covered by insurance under the following circumstances:
   1. The GGC property has a dollar value greater than $1,000. The deductible is $1,500.00 per occurrence.
   2. The GGC property is inventoried through Georgia Gwinnett College Asset Management.
   3. The GGC property is stored in a locked room or protected by a lock-down device. For insurance coverage, there must be proof of forced entry into the room where stored, or the lock down device must have been broken or tampered with, and an official campus police report must be provided.
2. Personal Property. Personal property that is brought onto the College premises is not covered under the State of Georgia Insurance Policy.
3. Reporting Property Loss. When a property loss occurs, contact the Director of Purchasing who serves as the college’s Risk Manager at (678) 407-5869.
4. Replacing Lost Property and Filing a Claim. When a property loss occurs requiring filing of a claim, contact the Director of Purchasing who serves as the College’s Risk Manager at (678) 407-5869.