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 Hawaii Universities
Was this article valuable?
Here are more articles you may enjoy.
Marsh McLennan Agency to Acquire The Horton Group 
Progressive Q2 Net Income Skyrockets Over 320% 
Hurricane Beryl Triggers Record Payout for Caribbean Insurer 
Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS 
