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.
Topics Education Universities
Was this article valuable?
Here are more articles you may enjoy.
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
