Property Management Policy & Procedure Manual
Section 300: Equipment Management
Effective: 07/01/1988
Revised: 03/09/2016
The University carries a property insurance policy for University owned equipment. Property insurance provides protection againsts risks of physical loss or damage to University property.
Upon purchase, university owned equipment is automatically covered by the university's property insurance policy. However, any type of motorized watercraft, including but not limited to vessels, boats, shells, and jet skis or subsea/over-the-side equipment or aircraft must be reported to OSU Risk Management to add to the applicable insurance policies.
Employees are responsible for immediately reporting loss or damage to their supervisors, who in turn are responsible for reporting the loss or damage to OSU Risk Management and Law Enforcement.
Losses, regardless of dollar amount, should be reported immediately to OSU Risk Management (541) 737-7252. Property claims are subject to a $5,000 deductible and departments are responsible for the $5,000 deductible. Deductible amounts vary for watercraft, subsea/over-the-side equipment, and aircraft. These amounts will be communicated upon addition to the applicable policy.
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Fixed Assets Property Management |
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Department |
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