The Risk Management and Insurance Department at Weill Cornell Medical College promotes a safe and healthy environment for patients, faculty, staff, students and the visiting public by applying proven risk management principles and insurance where appropriate.Read More
UnitedHealthcare Global (UHCG) provides all Weill Cornell Medical College faculty, staff and students who travel on college business, or as part of their medical education, with medical, travel and security assistance. UHCG is one the world's leading medical and security assistance companies, with 59,000 providers and resources dedicated to securing their member's health and safety. Included within these providers and resources are Physician Advisors, medical Centers of Excellence, Approved Air Ambulance companies and Security Vendors. For additional information click here.
Property Insurance Protection Plan (PIPP)
As you know, WCMC’s commercial property insurance has a $100,000 deductible for each and every loss. In order to help departments lower this deductible to a more manageable level, the Risk Management and Insurance Department has developed an internal program known as the Property Insurance Protection Plan (PIPP). Below are some of the key points for FY 2016:
- Participation in the program is voluntary, but strongly encouraged
- Participation runs from July 1, 2015 to June 30, 2016
- Rates for FY 2016 will be the same as for FY 2015
- If you select Option 2 (Limited Blanket Coverage), in addition to any deductible, your department will absorb 20% of the loss. For example, assuming a loss of $1,000 and a $250 deductible, a department would recover $550 under Option 2 versus $750 under Option 1 (Blanket Coverage).
Full details on the program, including frequently asked questions and the enrollment forms, are on the Risk Management web page at http://www.med.cornell.edu/risk-management/insurance/wcmcpipp.html
Enrollment in the program for FY 2015 is now open and will continue until August 28, 2015.
In order to avoid any confusion, even if your department participated in the program for FY 2015, you must notify Risk Management if you will be participating in the FY 2016 program. You also need to confirm the SAP account number to be used in charging your FY 2016 premium.
As always, any equipment valued at $200,000 or more, and not previously registered, MUST be registered with Risk Management in order to be covered under PIPP. Equipment can be registered using the Equipment Reporting Form on the risk management web page at http://weill.cornell.edu/risk-management/forms/, by email to Steve Galeotti in Risk Management (email@example.com) or by phone at 212-746-6180.
If you have any questions, need further assistance or would like additional information please feel free to contact Steve Galeotti (212-746-6180, firstname.lastname@example.org) or Tom Lawrence (212-746-2416, email@example.com) in Risk Management.
What To Do In the Event of a Loss
Risk Management has prepared a flowchart for how to deal with a loss to property, including equipment, scientific instruments and supplies. Please click on the following link for a pdf version of the flowchart. If you have any questions or would like additional information, please contact Risk Management at 212-746-6180
Personal Computer and Property Insurance
A new Personal Property Insurance Program is now available to WCMC students. This program, administered by Haylor, Freyer & Coon, Inc. covers laptops, mobile devices and all other personal belongings. The base policy has a $3,000 limit with a $100 deductible. Additional coverage, in $2,000 increments, is available at a cost of $25/increment. Please click the following link for more information: www.studentinsuranceprograms.com/wcmc
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Use of Automobiles & Insurance
WCMC Property Insurance Protection Plan