Booster clubs are often responsible for promoting a school’s extracurriculars such as those involving athletics or the arts. They often organize several events throughout the year and rely on numerous volunteers to accomplish their goals. While insurance may not be the first thing that comes to mind when thinking about booster clubs, these organizations need to have the right policies in place to help cover the risks associated with their operations and activities.
The knowledgeable agents at Bene-Marc Inc. in Fort Worth, Texas, can help booster clubs build a comprehensive insurance plan that addresses their needs. Reach out to us for more information.
Why Should Booster Clubs Get Insurance?
While it may be easy to assume that booster clubs are covered by the educational institution’s insurance, that may not be the case. The right insurance plan can provide valuable financial protections after covered losses and offer peace of mind to those involved in the club’s functions.
What Coverages Are Available to Booster Clubs?
Several types of coverage are generally available for booster clubs, and our agents can help organizations analyze their risk profiles and recommend insurance that can help cover their exposures. Types of coverage that may fit a booster’s clubs needs include the following:
- General liability insurance—This may provide coverage if a booster club is held responsible for the bodily injuries or property damage of third parties. It may help compensate them for their losses (e.g., provide payments for property repair costs or medical expenses), and it may cover associated legal expenses (e.g., court fees and judgments). Policies may also offer coverage for personal and advertising injuries (e.g., slander and copyright infringement) but exclude coverage for volunteers’ inappropriate conduct or participants’ injuries while playing a sport.
- Property insurance—This may help pay repair or replacement costs if a booster club experiences a property loss due to a covered peril (e.g., fire, severe weather or theft). Insurance may also be available to cover rented property and participants’ property.
- Excess accident insurance—This may help pay medical expenses for a participant if they are injured at a booster club event, regardless of which party was at fault. It generally functions as secondary insurance and provides coverage if the individual’s policy coverage limit has been reached.
- Directors and officers (D&O) liability insurance—This may offer coverage to a booster club’s directors or officers if they are sued for decisions they made on behalf of the organization. It may help insure against their personal losses and assist in paying for associated legal expenses.
- Cyber risk insurance—This may help pay for expenses associated with cyberattacks and data breaches such as notification costs, fees and penalties.
- Hired and non-owned auto liability insurance—This may provide liability coverage for rented, leased or personal automobiles that a booster club uses.
- Fidelity bonds—This may provide coverage for acts of dishonesty committed by a club’s volunteers (e.g., fraud or embezzlement).
Other policies and endorsements may be available to help address booster clubs’ exposures. It is essential to discuss exclusions and limits with our agents to help ensure the organization is acquiring the optimal policy.
How Much Insurance Coverage Do Booster Clubs Need?
Booster club’s insurance needs differ, and factors such as the size of the program and the activities it organizes can impact what constitutes adequate coverage.
The experienced team at Bene-Marc can help booster clubs build an insurance plan that is right for them. Contact us today to get started.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.