Property & Casualty Insurance

Owned by Our Members

Owned by Our Members

Members have formed two captive insurance companies

EIIA is owned by its Members. The financial benefit of over 130 Member institutions collectively purchasing commercial insurance while investing in sound risk management practices has resulted in the availability of resources to establish two wholly owned captive insurance companies. EIIA’s captives were organized as a way to financially benefit Members by securing profits normally retained by commercial insurers. The captives are owned by EIIA, and EIIA is owned by its Members……Members working together for the greater good of higher education.

  • Keystone Valuation System®

    Approved by most major insurance underwriters, this powerful building valuation and planning resource was designed specifically for institutions of higher education. It provides a host of helpful tools, indexes and guides to capture accurate, timely, and comprehensive data. It also allows you to compare your campus building’s valuation and use with institutions of similar size.

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    The staff came to campus and surveyed our buildings, enrolled us in Keystone, and now, my current institution will be able to amply respond to our accrediting body and properly document our values and pay premiums accurately and not through guesswork. Our Board is thrilled to see our buildings, values, and uses accurately portrayed.

    Deborah Hall

    Vice President for Finance and Operations - LaGrange College

An Approach That Pays

By sharing risk and losses using EIIA’s Captive Insurance Companies and the commercial insurance industry across a pool of like institutions, EIIA is able to achieve long-term stability. As an EIIA member institution, you will benefit from a sophisticated insurance program that brings coverage and rate stability that is not available for institutions purchasing a single risk.

  • Master Property & Casualty Program

    Institutions may join the Master P&C Program at any time of the year. Unlike other consortia-based programs, each institution enjoys its own individual limits for all policies except property which is underwritten on an occurrence form. This includes each individual institution having its separate $50 million of general and excess liability coverage. The EIIA Master P&C Program is continually monitored by EIIA’s experienced insurance professionals making certain the appropriate limits are available. All coverage is crafted under the guidance of EIIA’s Advisory Council. The bottom line: Your coverage, designed specifically for your higher education institution through EIIA’s Membership.

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    EIIA provides for Rust College, a four-year liberal arts HBCU, a high and committed level of expertise and advocacy for our insurance and risk management programs that we could not possibly afford to access otherwise. By pooling the insurance buying resources of many such organizations across the country, EIIA is able to negotiate favorable rates in all components of our required comprehensive coverage program. Our membership in EIIA is essential to our operations and has been for many years.

    Don Manning-Miller

    Vice President for Finance - Rust College

What does the Master P&C Program cover?

  • Auto Liability and Physical Damage
  • Crime/Employee Dishonesty
  • Excess Liability ($50M in limits)
  • General Liability/Sexual Misconduct
  • International Insurance (Emergency Medical, General Liability, Workers Comp, Auto, and Property)
  • Kidnap & Ransom
  • Network Security and Privacy Liability (Cyber)
  • Non-owned Aircraft
  • Pollution Liability
  • Property
  • Workers' Compensation (monopolistic states excluded)

How can being a member of EIIA help your institution?