The practice of Risk Management is identifying and analyzing loss exposures other than business risks and taking steps to minimize the financial impact of those risks.

The Commonwealth of Virginia provides world-wide insurance protection for all State agencies and their personnel through the Commonwealth of Virginia’s Risk Management Plan.  In general, this coverage includes property, general liability, medical malpractice, automobile liability, automobile physical damage (optional), fidelity bond (faithful performance and crime), boiler and machinery, aircraft and watercraft.

Faculty, staff and other agents who are acting within the course and scope of their employment are covered under the Plan.  Students are covered while participating in an authorized scope of a clinical, internship, externship or other program in order to meet educational requirements

No.  The owner of a vehicle is financially responsible for losses due to the operation of that vehicle.  The coverage follows the vehicle.  The Commonwealth of Virginia’s Risk Management Plan may provide defense and payment in excess of your policy.  The Plan would still pay up to $2,000,000 excess of your personal policy limits.

A non-state employee may drive a state owned vehicle if authorized by the appropriate person in the State agency.  Anyone driving a State owned vehicle with authorization on state business is considered an agent and is covered through the Commonwealth of Virginia’s Risk Management Plan.

The renter is required to purchase the automobile liability and physical damage coverage while traveling overseas.  Special attentions should be used to check the vehicle for damage before the rental and after the return.  When rentals are used to go from one country to another, the renter should ask if any additional documentation related to the insurance coverage is required to ensure coverage for all locations of use.

The department that owns the property is responsible for the deductible which is $1,000.

If there is imminent danger call 911, otherwise notify the department responsible and the Office of Risk Management (540-231-7439).  Please complete the Accident/Incident Report .

The Office of Risk Management provides Certificates of Insurance.  E-mail completed forms to the Office of Risk Management at johnu64@vt.edu.  Once we have this information, we will be able to draw up the certificate; it will be signed and forwarded as specified on the request form.  Please allow at least ten (10) business days in advance of the date the certificate is needed.

We need to update your mailing address in order to send you a reimbursement check.

It will vary depending on several factors including how many years you were enrolled in the Student Health Insurance Plan, the policy year, type of policy you had and whether Virginia Tech paid some of your policy premiums.

GM Southwest, the company that was handling the 2003-2011 Student Health Program for Clarendon National Insurance Company, Madison National Insurance Company, Nationwide Life Insurance Company, and Pan-American Life Insurance Company, had artificially inflated premiums to Virginia Tech students. Clarendon National Insurance Company, Madison National Insurance Company, Nationwide Life Insurance Company, and Pan-American Life Insurance Company have voluntarily agreed to reimburse the students for these excess premium charges.

Other than providing a current address, no. However, if you do receive a check and cash it, that will prevent you from asserting further claims against Clarendon National Insurance Company, Madison National Insurance Company, Nationwide Life Insurance Company, and Pan-American Life Insurance Company and Virginia Tech.

The release will only prevent you from asserting claims against Clarendon National Insurance Company, Madison National Insurance Company, Nationwide Life Insurance Company, and Pan-American Life Insurance Company and Virginia Tech, not GM Southwest.

Virginia Tech has calculated the reimbursement based on its records and is responsible for determining the accuracy of the reimbursements provided to the students. It is ensuring that all students that are similarly situated are receiving the same amount.

If you do nothing, you will not receive a premium reimbursement check because we will not have an address in order to send you a reimbursement check. You, however, would retain whatever rights you may otherwise have.

We cannot provide you with legal advice. If you feel that you need an attorney to review this, you should do so.