Specialty Insurance

Specialty Insurance Coverages

The following is a summary of several specialty insurance coverages available under the Regents of the University of California. This list is not exhaustive. Coverage terms, conditions, and deductibles apply across the entire UC system.

Boiler and Machinery

  • Description: Equipment breakdown including physical damage and business income/extra expense from covered accidents.
  • Limit: $100,000,000 combined policy limit. (Note: Blanket Property Damage and Business Interruption limit is $1,000,000,000.)
  • Deductibles: $100,000 for direct damage; 24 hours for indirect damage; 8-hour waiting period for service interruption.

Specie – Fine Arts & Library Collection

  • Description: Covers fine arts and library materials of any nature or description.
  • Limit: $890,000,000 per occurrence.
  • Deductibles: $1,000,000 per occurrence or related series of events.

Scheduled Fine Arts

  • Description: Covers rare and valuable works of art including paintings, manuscripts, and sculptures.
  • Limit: Call for details.
  • Deductibles: $1,000 per claim (owned objects); $10,000 for earthquake loss (owned objects).

Master Builders Risk

  • Description: Covers direct physical loss or damage during construction, including offsite storage and transit.
  • Limit: Actual contract value as stated in the Project Certificate. Call for details.

Non-Owned Aircraft Liability

  • Description: Covers liability from use of aircraft not owned or leased long-term by UC (15 or fewer seats).
  • Limit: $50,000,000 per occurrence for bodily injury and property damage; $5,000 medical per person; $100,000 per aircraft.
  • Deductibles: $500 per motion and non-motion loss.

Foreign General Liability

  • Description: Includes commercial general liability, contingent auto liability, and employee benefits liability.
  • Limit: Varies by coverage type. Call for details.

Excess Marine Liability

  • Description: Includes protection and indemnity, pollution, collision, tower’s liability, and more.
  • Limit: Call for details.

Marine Pollution

  • Description: U.S. oil pollution liability.
  • Limit: $10,000,000 per occurrence, per vessel.

Marine Cargo

  • Description: Covers goods and merchandise used in the University's business, including research and medical equipment.
  • Limit: $3,000,000 per vessel, aircraft, or shipment.
  • Deductibles: $1,000 per event or related occurrences.

Marine Charter Insurance

  • Description: Excess coverage for liability while chartering non-UC vessels. Available only when reported to Aon Risk Services.
  • Limit: Call for details.