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Coverage extends to the loss of University cash, securities, bonds and money. Deductibles and exclusions do apply. Coverage is not provided for the loss of personal property. Employee Dishonesty Coverage for any dishonest acts by an employee is immediately terminated for that employee when a dishonest act is confirmed. How To Submit a Claim All incidents must be reported to the Department of Public Safety, Hospital Security or Campus Security Office (Dearborn and Flint). The Office of Internal Audits should be contacted for recommendations and review of security precautions. A "Proof of Loss" form (requires Adobe Acrobat Reader plug-in) must be forwarded to Risk Management Services. Documentation supporting the amount claimed must be forwarded with the form. Restitution Risk Management Services is responsible for coordinating collection of restitution from responsible parties for theft or damage to University property. All restitution agreements and payments should be forwarded to Risk Management Services for review and processing. |
 SAFETY TIPS__________________ Always lock cash and other valuables in a safe place when leaving them unattended. Deposit funds frequently. __________________ To prevent embezzlement, segregate job duties. __________________ One individual should not control a transaction from beginning to end.
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Detect improper transactions by having someone who does not prepare or approve transactions review the statement of accounts for cash shortages and unauthorized purchases or travel. |
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