Departments are to call the University Police, the Internal Audit Department and the Risk Management Section of the University Property Office immediately upon discovering any loss of University cash or securities such as certificates, charge slips, tickets, etc. A written notification must be sent to Risk Management and Internal Audit within 24 hours. When ECU Police has made its investigation, it will report its findings to Risk Management and Internal Audit.
Review security measures periodically to assure that adequate safeguards are in effect wherever cash or securities are handled or kept.
Insurance coverage for loss of University cash or securities includes a $10,000 deductible clause. Please note: Although claims for less than $10,000 are not covered by insurance, a written report must still be made to Risk Management and Internal Audit.
Risk Management will file the appropriate claims. Reimbursement to the University will be credited to the department sustaining the loss.