Equipment Maintenance Expenses

Published: April 14th, 2003

Category: Memos

John P. Kruczek, University Controller

With the end of the fiscal year approaching, departments with equipment enrolled in the Specialty Underwriter’s Equipment Maintenance program should be aware of the following in order to maximize the benefit derived from the program:

    Schedule any necessary repairs that may be needed in
    a timely fashion so that they may be completed during
    the remaining quarter of the fiscal year,

    Schedule preventive maintenance on your equipment before
    June 30, 2003 to maximize the benefit derived from premiums
    already paid for the current fiscal year, and

    Ensure that all service tickets and invoices are forwarded to
    the Specialty Underwriter's representative at PO Box 115250, 
    102 Elmore Hall as soon as the repair work has been performed.

A renewal of all maintenance contracts will be forwarded to participating departments in June of 2003 to re-enroll equipment on the program for next fiscal year. Additional information will be provided to aid your department in making an informed evaluation of the cost/benefit of insuring a piece of equipment.

Please share this information with your staff who are responsible for the maintenance of equipment. If you have any questions concerning the Equipment Maintenance Insurance Program, please call or email Matt Alday at in University Property Services at 392-2556.

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