Thankfully we have an agent who works on our behalf, through him we have
several policies.
In our circumstances I'd ask him to get another quote for a separate policy
or add IT to a different existing policy. That will get you a cost to cover
the risk.
When you know that risk you can calculate if you're better off carrying the
risk on your books. As a school we could charge users a levy and pool that
money for three years giving us a pot from which to draw when a loss
happens.
Another thought - why not ask the student to source the laptop themselves
(and they'd get it covered by their own policy) and you guarantee to pay
them a monthly / termly fee?
I also have a contact in IT leasing and I'll ask him the same question.
Regards,
Jeff Underwood
Read better, read faster
01277 222 398
www.readingscience.co.uk
----- Original Message -----
From: "Clare Davies" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Thursday, March 18, 2004 4:01 PM
Subject: Re: Practical implications of loaning equipment....and it being
stolen.
Jeff,
We have also experienced with the problem that students can't insure
university property, but the university's insurance policy has around £1K
excess. How do you deal with this?
Clare Davies
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