A Statement of Values (SOV) is a declaration of the assets your entity wants the Risk Fund to insure.

An online SOV portal is available to assist insureds in updating their Statement of Values for the upcoming fiscal year. The SOV portal is open from late April until mid-June each year. Insureds have the ability to add, remove and edit buildings, contents and vehicles.

The SOV update and approval process typically occurs March through April. The portal that houses asset listings requires authentication. Each insured agency/institution will receive an access link to the SOV portal. The link will be sent asking to create a username and password. The link is personalized to the user it has been sent to and any changes made through that link will show as made by that user. Only one person per organization can sign in to make changes. This enables better tracking of who is making edits should questions arise. 

If you have trouble accessing the portal after creating a login and password, please contact Barbara Belliston at bbelliston@utah.gov.

The link provided to users will contain items to assist them. Located on the top bar is a section labeled info/help. In this section there are several documents that will show basic navigation, definitions and instructions. Please check this section first before calling for assistance.

The following are additional tips and tricks to assist you adding and removing assets utilizing the link:

• Property
  • Search addresses before searching building names to see if a property is already listed
  • Double check for duplicates
  • Add contents you want associated with a building
  • Columns can be sorted by the insured’s building number instead of Risk’s building number
  • To add a new building select the “Add New Building” button
  • Changes are now saved and submitted automatically

• Auto
  • Search VINs or license plates before make/model to check if auto is already listed
  • Double check for duplicates
  • Changes are now saved and submitted automatically

Assets valued at below $25 million that are added mid-year after invoicing has been sent will be insured as of the day they are reported. A premium for the asset will not be invoiced until the next fiscal year.

Assets valued at more than $25 million that are added mid-year after invoicing has been sent will be insured as of the day they are reported. An interim invoice will be issued for the asset.

No refund for paid premiums will be given for Assets removed from coverage mid-year.

The SOV portal is helpful for both parties because it allows insureds to view all items which will receive an invoice and allows insureds to edit their Statement of Values. The items not available for edit are building name, address, and construction year. These changes must be made through Risk Management.

It is important that all edits are accurate. Please ensure all edits have been completed before submitting to Risk Management. The submitted Statement of Values will utilized to create premium invoice values.

The State of Utah, Division of Risk Management provides property/casualty coverage for the vehicles that are enrolled in the Risk Management Fund. Insurance cards, or insurance ID cards will no longer be issued to covered entities. In accordance with Utah Code 41-12a-303.2 Evidence of owner’s or operator’s security to be carried when operating a motor vehicle – Defense – Penalties, a person is exempt from needing immediate possession of owner’s or operator’s security or proof of insurance if the person is operating a government-owned or leased motor vehicle; or an employer-owned or leased motor vehicle and is driving it with the employer’s permission.

If you would like a copy of an insurance card, please click here to send us an email requesting an insurance card.

Risk Management recently sent a letter to School District Treasurers/Business Administrators and Charter School Directors concerning the Crime/Fidelity
Policy for FY 2021

To see the full letter click here.

#801-707-2868, brianjensen@utah.gov

• Oversees office needs including purchasing, accounting, billing, and receivables
• Over budget and finance
• Contract Specialist
• Manages RMIS property and equipment list

#801-957.7170, bbelliston@utah.gov

• Manage and maintain the covered asset database
• Maintains insured's contact information
• Course of Construction applications and invoicing
• Commercial Auto
• Auto insurance cards

#801-450-5084, cjhilton@utah.gov

• Main phone/fax
• Mail receiving/distribution
• Distribution of insurance policies and liability pamphlets
• Archives

#801-413-8372, tfornelius@utah.gov

•  Accounts Receivable/Accounts Payable
• Premium invoices
• Certificates of Insurance
• Sprinkler rebates
• Ergonomic reimbursements

#801-828-5980, amygoodlett@utah.gov

• Coordinate scheduling of appraisals with vendors and insureds.
• Completes appraisal reviews with insured to ensure correct values and listing on Statement of Values