The University arranges insurance protection for departmental equipment including computers, furniture, money, stores and items on loan, against fire, explosion, malicious and accidental damage, wet perils and theft (excluding theft from an unattended vehicle). Minor stand-alone works of art and small library holdings are also covered. For any other types of item requiring cover, please contact the Insurance Team.
New purchases and additions under £100,000 are automatically covered. The purchase of any new item with an individual value in excess of £100,000 must be referred to the Insurance Team immediately to enable cover to be arranged.
Cover is subject to all due security precautions being taken at all times, as advised by Oxford University Security Services and the Insurance Team.
Worldwide CoverCover extends worldwide for any item being taken abroad for business purposes and which will remain in the custody and control of the University. Referral must be made to the Insurance Team if items valued in excess of £100,000 are to be taken abroad.
Excess PayableCover is arranged on a reinstatement basis subject to an excess of £2,000 payable by the department.
Insurance Cover for Cash
Carrying large amounts of University cash outside the UK is discouraged. Some cash, in the region of £50, is acceptable to cover immediate expenses but the emphasis is on carrying either a University credit card or the traveller's own card (for later recompense).
The University does NOT provide insurance cover for University cash taken outside the UK. If, under exceptional circumstances, there are no safer alternatives, the Insurance Office may be able to make special arrangements for cover. This will be limited to £2,500 and a charge will be made to the department for this. Claims settlement is subject to a £250 excess. Cover will only be considered on the production of a detailed and approved risk assessment.