We know that even with so many dedicated and hard-working staff at our member agencies, accidents can still happen and tragedies can strike without warning. It is at those times when our members most need the Property & Liability coverage ASCIP provides. For almost four decades, ASCIP has focused on providing broad coverage that protects our members when those accidents and tragic events occur, is easy to understand, and evolves to keep our members protected when hazards and risks to students and the public change. For instance, when cyber threats and privacy legislation accelerated over the last decade, ASCIP responded by adding new coverage and services through an innovative specific Cyber Coverage in 2013.
As part of that tradition and commitment to our members, we are excited to announce that ASCIP is preparing a comprehensive revision to ASCIP’s Property & Liability Memorandum of Coverage (MOC). The purpose of the revision is NOT to reduce or restrict coverage our members already receive, but to continue to improve the coverage. The Board established the following goals for the revision:
—Update terms and conditions to reflect changes in hazards and law that have evolved since the last revision.
—Improve members’ ability to understand what coverage ASCIP provides and under what circumstances.
—Simplify, clarify, and improve the consistency of the terms and organization used in the MOC to promote “user friendliness”.
—Expand coverage, where appropriate, to reflect emerging risks.
—Make no reductions or restrictions in coverage now provided.
The new Memorandum of Coverage is now in a draft form ready for review and discussion by the ASCIP Board of Directors and will be presented at their meeting on May 26th. ASCIP staff will evaluate any feedback received on the draft and we contemplate presenting a final draft to the ASCIP Board of Directors at its subsequent meeting on June 29th, with a recommendation to approve its use for the 2016-17 year.
Upon approval by the ASCIP board, members will receive their new coverage documents in July and ASCIP will be providing additional information and communication on the approved expanded coverage.