These common claims against fraternal organizations can greatly impact your operations, so it is important to be prepared. Read on to learn about common claim examples and how you can prevent them at your organization.
The most common claims fraternal organizations face are due to property damage and third-party injuries.
Property claims go hand in hand with a brick
Fireworks, parades, tractor pulls, silent auctions, carnivals, bake sales—your organization partakes and hosts all kinds of events. But which events are covered by a basic general liability or umbrella policy and which events need a special event policy?
Many activities, including fundraising activities, may require a special event policy due to additional exposures associated with the event. Read on for examples of events
When alcohol is served, your organization needs proper insurance to protect against the risks and liability associated with alcohol. Depending on the type of event, whether your Post is hosting or renting its buildings, you will need different insurance coverage.
Read on to understand the differences between liquor liability insurance, host liquor liability insurance and special event coverage.
Liquor liability insurance
It’s hard to make an accurate prediction of the outcome when a liability claim first comes to your attention. Some incidents resolve simply, while others do not. However, for organizations that delay the reporting of a claim to their insurer, the outcome is almost always worse than it otherwise could have been with prompt reporting.
The timing of a liability claim resulting from
“Don’t put all your eggs in one basket” is a very old saying and, in many ways, it’s still the basis for the modern insurance that helps protect your Post. Insurance began with people seeking to control the dangers they faced by spreading out the risk among larger groups of people and making agreements to help one another in the case of