The Homebrewers Insurance Program and the D&O program renewals should have arrived to clubs on Friday, July 1st. This is also the open enrollment opportunity for AHA registered clubs that have not yet taken advantage of this opportunity. Because this is a Master Policy, everyone’s policy has an effective date of 9/1 and is good for one year (through 8.31.2017). Any club that wants to renew or enroll for the first time will need to contact Jenny (information below).
The Homebrew Club Insurance Program provides liability coverage for the club’s negligence that causes someone to be physically injured or someone else’s property to be damaged because of an action or mistake by someone in the club or the club’s activities. This includes someone getting behind the wheel after a club meeting or event. Every entity (your club) and possibly every individual (your club members) involved could be named in a suit. The program provides both general liability and liquor liability coverage for your club and members. In addition, the program provides defense costs (lawyer fees) to defend club and members should they be named in a suit.
The Homebrew Club Insurance Program provides $1 million coverage per occurrence and $3 million in aggregate annual coverage for a club. Nationally, there is a $10 million umbrella. This is very real coverage that offers serious limits of insurance.
Currently 287 clubs with 15,244 members have taken advantage of this important benefit. This represents about 13% more clubs and members as the previous year, but a significant number of clubs and their members remain uncovered. At a cost of $3.50 per member per year, clubs should give this serious consideration. We live in a litigious world folks.
The Directors & Officers (D&O) insurance provides coverage should a director or officer or the club be sued by someone based on the decisions made that someone else thinks is wrong. D&O Insurance provides liability coverage for the club’s directors and officers for their decisions they make while serving the club in that capacity. Individuals can be held personally liable for these decisions while representing their club and the D&O insurance provides coverage which includes costs to defend the directors, officers, and the club against a law suit. While perhaps not necessary for every homebrewers club, we found that the average cost for a club to secure this coverage on an individual basis was $750-$1,000.
An example would be if someone alleges that they were discriminated against in the declination of their membership in the club or the removing of an individual’s membership status in the club. Also, another example would be if a fellow club member files a suit against the club’s officers because they are unhappy with the direction of the club or use of funds, etc.
Pricing for the D&O program is set at:
Clubs up to 75 members – $250 annual premium
Clubs 76-150 members – $350 annual premium
Clubs 151 members and higher – $450
The D&O limits:
$1,000,000 – Per Club
$10,000,000 – Aggregate – shared by all clubs
These programs are underwritten by Great American Insurance – an AM Best “A” rated insurance carrier – this means that they are a solid company.
Jenny can be reached at firstname.lastname@example.org
or 847-623-0456 with any questions, requests to enroll/re-enroll, etc.
This program is an important member benefit and is available to all AHA registered clubs. Not an AHA registered club? Register here https://www.homebrewersassociation.org/community/clubs/club-updates-form/
– it takes two minutes and doesn’t cost anything. Because the AHA feels it is critical to get these programs out to members at the most affordable rate, they elected to not receive any commissions or other payments for this program.
More information about this program can be found here:https://www.homebrewersassociation.org/community/clubs/homebrew-club-insurance/ http://www.westinsurance.com/homebrewers
Please share this information with your club and give this important insurance coverage your serious consideration.