The University of Hawaii will conduct a feasibility study to determine the viability of establishing and operating an owner controlled insurance program.
The study was approved by the UH Board of Regents.
Such a program would provide an array of insurance coverage for contractors and subcontractors working on designated construction projects throughout the university system.
The university said that $482 million in construction should be taking place within the next two years.
University officials say the system could possibly realize $5 million to $10 million in savings if it implements the program.
It would provide workers’ compensation, employers’ liability, general liability, excess liability and builders’ risk insurance.
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