Insurance & Claims

Insurance

Following is a brief summary of each of the insurance policies and self-insured programs currently overseen by the Office of Risk Management. Please feel free to contact our office if you have questions about any of these:

• Automobile Physical Damage: Coverage for damage to NEU vehicles from vehicle accidents.
• Crime: Coverage for the loss of money, securities and tangible property by criminal acts of anyone as well as theft of NEU property by employees.
• Educators Legal Liability: Coverage for legal defense costs and settlements, judgments or awards from lawsuits alleging financial damage to others, including employment related, professional educators and trustees & officers liability.
• Excess Liability: Excess liability over general liability, auto liability, employer's liability, limited professional liability and foreign.
• Fiduciary Liability: Covers legal defense costs and settlements, judgments or awards from lawsuits alleging mismanagement of employee benefit/retirement plans.
• Foreign Liability: Coverage for liability incidents arising from foreign travel.
• General and Automobile Liability: Coverage for legal defense costs and settlements, judgments or awards from lawsuits alleging bodily injury or property damage to others, including vehicle accidents.
• Medical Malpractice: Covers legal defense costs and settlements, judgments or awards from lawsuits alleging medical malpractice for various individual employed doctors.
• Multi Media Professional Liability: Coverage for publishing E&O and radio broadcasting liability.
• Professional Liability: Coverage for legal defense costs and settlements, judgments or awards from lawsuits alleging negligence or failure to perform professional services that include legal services, counseling, architectural services and nursing.
• Property: Covers NEU buildings, contents and mobile equipment by most causes of physical damage including mechanical or electrical breakdown, flood and earthquake.
• Watercraft Liability, Physical Damage & Pollution Liability: Covers bodily injury or property damage to others, physical damage to NEU vessels and pollution liability arising out of your vessels.
• Workers Compensation and Employers Liability: Coverage for bodily injury from accidents or disease to NEU employees during the course of employment.