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.
Trump Approves Disaster Requests for at Least 7 States; Others Wait 
Wall Street Banks Try Out Anthropic’s Mythos 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage 
