Insurance Guidelines
USP has a single policy for all Campuses centrally managed by the ‘Risk and Insurance Unit’ located in Suva, Laucala Campus, Fiji.
Exceptions are USP:
To view general information for a specific insurance policy click on the policy name
- Note: Not all terms, conditions and exclusions which apply are included. If you require additional information or have any queries regarding insurance implications of an activity or situation please contact Risk and Insurance Unit. (Contacts – Refer to Risk and Insurance home page)
General Information - Insurance Policies:
- All amounts shown in the policies are in Fijian currency and are payable in Fijian currency. If expenses are incurred in a currency other than Fijian dollars, then the rate of currency used to calculate the amount payable will be the rate at the time of incurring the expense.
- In general: Insurance policies include the Type of coverage, Insured, Territorial limits, Terms and Conditions such as: exclusions, limits and Excess Amount or also referred to as ‘deductible’ (Payment over the excess is paid by the insurer)
- To contain premiums certain policies/coverage includes limits, exclusions and an excess. USP staffs are expected to practice effective risk management and not rely on insurance as the only solution to address risk challenges.
Examples: Manage your department’s Risks
- USP Stolen Property/Items: Enforce policies, controls to avoid property missing/stolen such as; ensure property/items are always secure and never left unattended.
- USP-Owned Vehicles: Operated only by approved drivers. Verify drivers’ license is current/valid, request for a copy of their driving records on a regular basis and retain a copy of documents on file. Approved drivers must comply with ‘USP Owned Vehicle Policy’ and ‘USP Vehicle insurance terms/conditions’
Understanding ‘Excess/Deductible’ and Conditions’
Example: Travel Policy: Stolen Property
Policy covers Portable electronic equipment including laptop computers and mobile phones.
- Excess is $250.00 FJD meaning the insurer will pay over $250.00 FJD up to the Limit specified in the insurance policy.
Conditions/Exclusions:
- Insured Traveler must have taken all reasonable precautions to safeguard the property (Examples: securely locked, not left unattended). Stolen property left unattended will not be covered.
