The University manages risk in a variety of ways – one of them is to transfer risk to our insurers. The University has an extensive insurance program to provide cover for its people, its assets and activities.
An important part of the contract between the Insurer and the Insured (us – the University) is disclosing all the relevant facts before the insurer “accepts the risk”. To ensure it can get the benefit of the insurance cover it purchases, the University must notify the insurer of every known fact, circumstance or activity to make sure that the activities we are engaged in, and are planning, are adequately provided for in the insurance cover we take out in any relevant policy year. Everyone has a role to play in reporting notifiable events: staff, students, titleholders, volunteers, visitors, contractors and controlled entities.
The University’s insurance policies are renewed on a calendar year basis. While the University has actively notified its insurers throughout 2019, there is still the opportunity for matters to arise that require reporting.
Please take this opportunity to review matters within your schools, faculties, branches and business units and report them to the Legal & Risk Branch. Updates for previous notifications that have changed in circumstance should also be provided.
Updates must be provided to the Legal & Risk Branch via email to email@example.com by COB Friday 13 December 2019.
Any new notifications or events that arise after 13 December 2019 should be notified as soon as they occur, or as soon as they become known to you, and before 31 December 2019.