ROTARY DISTRICT 5360 INSURANCE
THE COOPERATORS
Covered
General Liability - $5 Million
Bodily Injury & Property Damage
Personal Injury
Commercial Property Insurance - $25,000
Misconduct, Molestation - $5 Million
Directors & Officers -
$5 Million
Non-owned auto liability - $2 Million
Voluntary Medical payments - $25,000
Insurance
intended to
cover major
problems so
that Rotarians
acting with
integrity are not
left on their own
if something
serious
happens.
Liability insurance is a part of the general insurance
system of risk financing to protect the purchaser
from the risks of liabilities imposed by lawsuits and
similar claims. It protects the insured in the event he
or she is sued for claims that come within the
coverage of the insurance policy. ...
Covers personal injury and property damage that
can occur as a result of someone being on your
premises or coming into contact with your business.
$5 Million ($1,000 deductible)
GENERAL LIABILITY INSURANCE
To insure property it owns, rents or leases.
Provides protection to buildings contents and
stock against loss or damage from certain perils
such as fire, wind and theft.
Applies to all clubs and the District.
$25,000 ($1,000 deductible)
COMMERCIAL PROPERTY
INSURANCE
This is a liability coverage that protects the
directors and officers against claims made from
others as a result of a financial loss.
It applies to the District Board, and all Clubs.
Directors and officers liability Insurance (often called D&O) is
liability insurance payable to the directors and officers, or to the
organization(s) itself, as reimbursement for losses or
advancement of defense costs in the event an insured suffers
such a loss as a result of a legal action brought for alleged
wrongful acts in their capacity as directors and officers. Such
coverage can extend to defense costs arising out of criminal and
regulatory investigations/trials as well; in fact, often civil and
criminal actions are brought against directors/officers
simultaneously.
$5 Million ($1,000 Deductible)
DIRECTORS AND OFFICERS
(D&O)
This
coverage protects the Club and
District Boards and volunteers and
includes the cost of defense except for
that of the accused. There is no
deductible on this coverage.
$5 Million
Policy, Procedures, Training, Screening,
Interviewing, and Police Checks must be in place.
ABUSE, HARASSMENT,
MOLESTATION, ASSAULT, ETC –
INAPPROPRIATE BEHAVIOR
An auto that is used in connection with the named
insured's business (Rotary) but that is not owned,
leased, hired, rented, or borrowed by the named
insured (Rotary). The term specifically applies to
vehicles owned by Rotarians and used for Rotary
business.
After personal insurance is depleted.
If a Rotarian or volunteer damages another car
and someone is hurt, this insurance can kick in.
$2 Million
NON-OWNED AUTO INSURANCE
Sometimes Rotarians or volunteers suffer an
accidental injury. They want their costs covered
or reimbursed - such as medical, lost wages, etc.
Blanket accident insurance allows for a modest
payout to be made quickly and is tied directly to
the type and extent of the injury. A particular
feature of this coverage is that it does not require
a determination of fault to warrant a payout, so
there is no need to dispute negligence.
$100,000
BLANKET ACCIDENT INSURANCE
Voluntary Medical Payments is a coverage when a
Rotarian unintentionally injured another person
during Rotary activity. This will also provide
coverage if the person is accidentally injured on
your premises. Even when you are not legally liable
this coverage is available.
This is why it is called "voluntary". Some of the
medical expenses included are ambulance service,
dental, surgical, hospital, nursing, and funeral
expenses.
$25,000
VOLUNTARY MEDICAL PAYMENTS