Property Damage

Procedures

1. Notify UVM Police Services at 656-3473.

2. Call the Risk Management Department at 656-3242 within THREE days of knowledge of loss by telephone and follow up with a written statement. Items to include with written statement are: date of occurrence, detailed information regarding property damaged or stolen, serial numbers if available, and substantiation of replacement cost of item.

3. Notify Grant and Contract Accounting at 656-2986 if lost or damaged equipment was purchased using grant money.

 Suggestions to Minimize Property Losses

  • Keep your departmental inventory list updated. Include location of the equipment and who is responsible for maintenance, daily checks, etc.
  • Back up data on computer and keep back-up at another location.
  • Establish a check out system for all equipment loaned or removed. If an item is taken out of storage and its location and intended date of return is not documented, it will be difficult to show an actual theft of the equipment. Without evidence of theft, a missing item becomes a case of "Mysterious Disappearance" which is not covered by insurance.
  • Make sure property is secured when not in use. If your equipment or property is publicly accessible after hours, consider a check-in point with a responsible person monitoring use and activity. Post notification of proper use of and care for the equipment.
  • Keep rooms or offices locked when unoccupied.
  • Be fire safety conscious; do not use extension cords or space heaters for long-term use. Be sure to turn off all appliances when building is unoccupied. Become familiar with the use a fire extinguisher. Don't let combustibles in storage areas and hallways accumulate.
  • Report all maintenance problems, such as water leaks, to Service Operations at 656-2560.

    Forms

    After you have called the Risk Management Department, please follow up with a written statement. Items to include with written statement are: date of occurrence, detailed information regarding property damaged or stolen, serial numbers if available, and substantiation of replacement cost of item.

    Then you will be asked to prepare a requisition and submit it to Risk Management for processing. When submitting the requisition, send a cover memo with it referencing the date of occurrence and the specific equipment that is being purchased to replace the stolen or damaged item. If only replacing a portion of the items stolen or damaged, please include that information on the cover memo.

    Contacts

    Risk Management Phone: 656-3242 Fax: 656-8682