Club Management Liability Insurance (Optional)

Period of Insurance

5th February 2007 at 4pm Local Standard Time to 5th February 2008 at 4pm Local Standard Time

Whose Insured

This policy provides cover to participating QRL affiliated Clubs and Local Leagues.

Coverage Sections

The policy consists of the following coverage sections

1.      Directors and Officers Liability

2.      Employment Practices Liability

3.      Employee Theft.

Directors and Officers Liability Coverage

Insured Persons

Any natural person who has been, now is or shall become a elected director or trustee, elected or appointed officer, employee, or committee member (whether or not salaried) of the Insured”, any natural person acting in a voluntary capacity on behalf of the Insured” and at the specific direction of such organisations.
 

What’s covered

Directors & Officers Liability

The Insurer will pay on behalf of an Insured Person all Loss for which such Insured Person is not indemnified by the Insured Organisation and which such Insured Person becomes legally obligated to pay on account of a claim first made against them during the period of insurance for a Wrongful Act occurring before or during the Policy Period.

Company Reimbursement

The Insurer will pay on behalf of the Insured Organisation all loss for which the Insured Organisation grants indemnification to each Insured Person, as permitted or required by law, which such Insured Person has become legally obligated to pay on account of a Claim first made against them during the period of insurance for a Wrongful Act occurring before or during the Policy Period.

Club Liability

The Insurer will pay on behalf of the Insured Organisation all Loss which such Insured Organisation becomes legally obligated to pay on account of a claim first made against them during the period of insurance for Wrongful Acts occurring before or during the Policy Period.

Investigation Representation Expense

The Insurer will pay on behalf of an Insured Person any Investigation Representation Expense on account of any Formal Investigation first made against such Insured Person during the period of insurance for a Wrongful Act occurring before or during the Policy Period

Geographical limits

The policy provides Worldwide cover excluding USA

Sums Insured

Directors & Officers Liability $1,000,000

Company Reimbursement  $1,000,000

Club Liability $1,000,000

Investigation Representation $1,000,000

Excess
Directors & Officers Liability $Nil

Company Reimbursement  $2,500

Club Liability $2,500

Investigation Representation $Nil

Employment Practices Liability Coverage

Insured

The Insured Organisation and any natural person, who is or was a past, present or future director, secretary, employee or executive officer of the Insured Organisation.

What’s covered

The Insurer will pay on behalf of the Insureds all Loss for which such Insureds become legally obligated to pay on account of a claim first made during the policy period for a Wrongful Act occurring before or during the policy period.

Sums Insured

Employment Practices Liability $500,000

Excess $2,500

Employee Theft Coverage What’s Covered

This section covers the Insured Organisation for losses suffered as a result of theft or forgery by any identifiable employee (including volunteers) whilst in the regular service of the Club/Local League

Sums Insured

Any one event & in the aggregate $50,000

Excess $5,000

Investigative costs $10,000

Excess $Nil

The Combined Maximum Aggregate Limit of Liability for all Coverage Sections is $5,050,000.

Claims Made” Sections of this Policy

The Directors and Officers and Employment Practices Liability Coverage Sections are written on a Claims Made Basis. This means that these Sections provide (subject to its terms and conditions) cover for claims which are first made against You and notified in writing to the Insurer during the period of cover.

Major Exclusions Under This Policy:

1.   Absolute Bodily Injury/Property Damage with an Employment Practices
Liability carve back

2.   Failure to Maintain Insurance endorsement

3.   Segregation of duties exclusion

4.   Losses sustained prior to the inception date of the policy