By Brandi McGrath Kong, Director of Member Services & Conferences
Part of having a Sertoma club is understanding what is legally and ethically required to be a reputable service organization in your local community. This includes filing your club’s federal taxes annually, ensuring that any registrations with the state are current, and reviewing the budget and other financials with careful consideration. It is also your responsibility to make sure that your club is protected for both the sake of the entity and its members.
All Sertoma clubs participate in our national club insurance program. This general liability insurance policy protects clubs and club members in their activities while acting within the scope of their duties, provided these activities have been scheduled on the policy. The policy provides coverage for the insured for their liability for bodily injury and property damage arising from accidents on premise or during the course of their business operations.
Limits of Liability
· Each occurrence (bodily injury and property damage) – $1 million
· Annual aggregate limit - $2 million
· Medical payments coverage - $20,000
· Damage to premises rented to you – $1 million
· Hired and non-owned automobile liability - $1 million
· Liquor liability - $1 million
You can see how the Sertoma insurance policy defines these terms and their full details beginning on page 5 of the manual. Clubs should ensure that all proper documents and notifications are filed with Mylo, our insurance provider, prior to holding any club events. They should also be aware of program exclusions (page 6) such as fireworks displays, events involving firearms, concerts and more. The Special Scenarios supplement also provides excellent additional clarification.
Event insurance is not the only type of coverage your club should carry. Sertoma also recommends that each club have its own directors and officers (D&O) insurance, which is typically offered through most insurance providers with organizational liability coverage. D&O insurance is designed to protect volunteer leaders and their families against losses and lawsuits against a company or organization.
To learn more about Sertoma’s club insurance program, check out the manual online or contact Mylo Senior Account Executive Rene Menzies at (913) 346-4158 or email@example.com.