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Are Any Colleges Insured Against Coronavirus Fallout?

Mar 9, 2020


Inside Higher Ed

Some property insurance plans contain sublimits -- caps on payouts for a specific type of loss -- for outbreaks and pandemics. As long as the college meets its deductible, it could file a claim for pandemic-related damages and be reimbursed up to the policy’s sublimit. A typical $500 million property insurance plan could include a $1 million pandemic damages sublimit, according to Bret Murray, who leads higher education strategy at Risks Strategies Company, a national insurance brokerage and risk management firm.

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