FY21 annual report available
Learn more about our team's activities and accomplishments in a year that involved the pandemic, a derecho, and an assessment of our mission, culture and values.
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Beyer presents at ACUI conference
Kurt Beyer, senior risk and systems analyst, recently presented a session at the ACUI conference. He and Tim Reuter, service learning and student organizations coordinator in student engagement, discussed the university event authorization system and walked participants through the system's functionality, development, and benefits of collaboration with various campus partners throughout the process.
ACUI (formerly known as the Association of College Unions International) is an organization for professionals who work with college unions and student activities.
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Symposium registration open; deadline for proposals March 28
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Registration is now open for the 2nd annual Youth Programs Symposium to be held virtually on April 22, 2022. We'll discuss best practices, policies, procedures and resources to conduct successful youth programs at ISU. The symposium is a great opportunity to share challenges and success stories and to connect with others in the campus community engaged in youth programming.
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Did you know?
Replacement cost vs. actual cash value
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It's important to understand the difference between replacement cost and actual cash value when purchasing insurance. Policyholders are sometimes surprised when they file a claim and learn they will receive less compensation than they expected.
Replacement cost coverage helps repair or replace damaged property without deducting for depreciation - in other words, the cost to replace the item new. Actual cash value coverage pays what the property is worth today, accounting for depreciation factors like age and condition, and the extent to which the item is nearing end-of-life.
For example, if your 2010 Honda Accord was a total loss, a replacement cost policy would pay you the value of a 2022 Honda Accord. A policy that pays actual cash value would pay the current value of a 2010 Honda Accord based on factors such as condition and mileage, which would be considerably less than replacement cost.
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ORM administers the EDP (electronic data processing) insurance program for ISU computers, phone systems, copiers/scanners/printers, and other electronic items.
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What is the total value of property currently insured through the EDP program?
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Submit the correct answer by 5 p.m. on Friday, April 1 for a chance to win a $10 gift card from the
Last month's question:
To which location did students travel in FY21?
Answer: Guatemala
We received 208 responses and 91 correct answers. Thanks to everyone who participated, and congratulations to our winner, Madisen Payne.
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Program area spotlight:
insurance
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Who we are:
Cally Jennett
Insurance and claims manager
Pierce Zanders
Insurance and risk analyst
What we do:
We assist with procuring and endorsing insurance policies, review policy language for accuracy, provide general risk assessment and certificate of insurance review, ensure compliance and adherence to insurance regulations, and manage the premium payment and internal charge back process.
What we want you to know:
We are always open for discussion to better understand your insurance needs. We want to partner with you to understand how we can help. We work with a great team of folks, including our broker, who our team consults with regularly to stay on top of the latest trends and to help find the best solutions. Even if you think that we cannot help, you should always feel free to contact us anyway.
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Our favorite things about our work:
We enjoy helping others. We like to find ways to get things done that result in the best resolution for everyone involved. We also enjoy collaborating with other departments to discuss their needs or go over unique situations. Most of all, we enjoy that every day is different and there is rarely a dull moment!
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"Iowa State University (ISU) and NASA Marshall Space Flight Center (MSFC) recently signed a Space Act Agreement (SAA) through which a significant collection of microwave and millimeter wave equipment was transferred to my laboratory. Because the equipment is officially on “loan,” I decided to procure a sufficient level of insurance coverage while the equipment resides at ISU. I worked with Cally Jennett in the Office of Risk Management for this purpose. From the outset, I was extremely pleased with the high quality and professional service she provided and the patience by which she helped me navigate through this new process. Later, I experienced the same working with others in this office. Thank you Cally (and other colleagues) for making this a smooth and painless process! "
Reza Zoughi, Ph.D.
Director
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ORM staff, from left: Brooke Lents, Pierce Zanders, Susie Johnson, Cally Jennett, Kurt Beyer, Beeta Siwik, Shaun Jamieson, Brandy Cunningham, Stacy Ewing. Not pictured: Danielle Koester |
Mission statement: The Office of Risk Management provides expertise, resources and solutions
to positively impact the university’s financial, physical and reputational well-being.
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