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AGENTS & BROKERS ONLY |
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Other Sports & Recreation Insurance Programs |
Insurance Policies Needed By Sports OrganizationsTo follow is a list of the most important insurance policies that may be needed by community based sports organizations such as teams, leagues, and municipal recreation departments:
1. Accident: Pays medical bills on behalf of injured participants such as players and staff.
2. General Liability: responds to lawsuits arising from bodily injury, property damage, personal/advertising injury.
3. Directors & Officers Liability (AKA Trustees Errors & Omissions for municipal recreation departments): Responds to certain lawsuits not covered by General Liability such as discrimination, wrongful suspension or termination, failure to follow your own rules or bylaws, and violation of rights of others under state, federal, or constitutional law.
4. Property / Equipment: Covers your buildings, equipment, and contents against loss due to fire, vandalism, theft, etc.
5. Crime: Covers employee or volunteer embezzlement of funds or theft of property; forgery or alteration of checks by outsiders, and theft of money and securities by outsiders.
6. Workers’ Compensation: May be required by state law if three or more employees and pays benefits to injured workers for “on the job” injuries including medical bills, lost wages, disability lump sums, disfigurement lump sums, and death benefits.
7. Business Auto: Covers liability and physical damage to owned, non owned, and hired autos.
8. Consult with your insurance agent about other types of policies such as Liquor Liability, Cyber Liability, Media, etc.
Copyright 2002-2008, Sadler & Company, Inc.
Is stealing from your local league really a crime?How can a youth sports league protect themselves from embezzlement and theft from its volunteers when it is growing quicker than people may notice or care to see? It is no longer just a corporate problem. The economy is failing, people are losing their homes and vehicles and are pulling at strings to find a means to pay for their lifestyles. Unfortunately, it is not just an innocent rearranging of funds, it is now a matter of stealing from children. Although we have stressed the importance of Risk Management in local leagues for years, even national organizations such as the National Alliance for Youth Sports have begun awareness of the swindling of funds in their publication, Sporting Kid Magazine “Wanted: Trustworthy Volunteers”. When we speak to leagues in regards to the risk management for league funds as well as crime insurance in the event that the unthinkable does happen we often get comments such as, “It would never happen to us.”, “We have measures in place for that.”, or the newest one “I’m the only one in control of the money, and I wouldn’t take it.” Unfortunatelly, we are not fully in control of other people’s actions. More so than ever, we are seeing individuals going to great lengths to get to funds and no one, even the treasurer, sees what is going on until it is too late. For information on this, as well as other risk management materials, please visit our website. |
Sadler & Company, Inc.
P.O. Box 5866
Columbia, SC 29250-5866
Phone: (800)622-7370 Fax: (803)256-4017
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