Changes to Club insurance
(This article is reproduced with the kind permission of e-news).
As Clubs will now be aware, the PAGB Brokers, Darwin Clayton Ltd., have negotiated new policies for both PLI and Management Liability.
A significant change for 2021 is that the PAGB is no longer able to take Management Liability cover for all clubs. There are several reasons for this, including the legality of one organisation taking out cover for other organisations without their full knowledge of what the policy cover is. This is a direct result of best practice changes which resulted from the mis-selling of PPI.
Another reason is that insurers are aware that neither the PAGB nor the Federations have any direct control of the operations of individual clubs all of which are effectively free agents. This contrasts with the likes of multiple outlet retailers such as McDonalds, Holland and Barrett, etc., where their franchisees have to tightly follow all company policies and procedures.
All clubs must have PLI cover to protect their members and visitors, such as their judges and lecturers. With Covid restrictions preventing Clubs from meeting, the question arises whether to renew now or when there can be a return to face-to-face meetings. A deciding factor could be that, whether Clubs renew now or later in 2021, the Policy will cost the same. There is also the possibility that relaxation of restrictions in the New Year may encourage socially distanced outdoor meetings. PLI is strongly advised for such meetings to protect Club members and the public.
Clubs need to decide if they should also purchase Management Liability cover for 2021/22.
The policy covers Officers and Committee Members for a variety of potential claims including breaches of duty and trust. You may consider the risk to be small, but the consequences of any claim could be very serious. The full Policy details and the extent of cover are shown on the Darwin Clayton website at https://www.darwinclayton.co.uk/products/photographers/. This policy is regarded as essential for the PAGB and Federations. Larger Clubs, especially those who own their own premises, are strongly advised to take out the cover. The policy should give peace of mind to club officers and committee members in these increasingly litigious times.
When clubs take out PLI, “All Risks” or MLI policies they will now have the added benefit of money cover up to £1,000 at no extra charge (19 clubs paid for money cover last year).
Darwin Clayton have circulated a Rating Card to all Federations and Clubs. To benefit from these rates clubs must be affiliated to the PAGB through their Federation. Darwin Clayton will cross check with Federations to ensure that clubs applying for the policy hold membership of a Federation.
Of course, clubs are free to chose any company to provide their insurances but you should always compare the quotes with those from Darwin Clayton before making your final decision.
(This article is reproduced with the kind permission of e-news).
As Clubs will now be aware, the PAGB Brokers, Darwin Clayton Ltd., have negotiated new policies for both PLI and Management Liability.
A significant change for 2021 is that the PAGB is no longer able to take Management Liability cover for all clubs. There are several reasons for this, including the legality of one organisation taking out cover for other organisations without their full knowledge of what the policy cover is. This is a direct result of best practice changes which resulted from the mis-selling of PPI.
Another reason is that insurers are aware that neither the PAGB nor the Federations have any direct control of the operations of individual clubs all of which are effectively free agents. This contrasts with the likes of multiple outlet retailers such as McDonalds, Holland and Barrett, etc., where their franchisees have to tightly follow all company policies and procedures.
All clubs must have PLI cover to protect their members and visitors, such as their judges and lecturers. With Covid restrictions preventing Clubs from meeting, the question arises whether to renew now or when there can be a return to face-to-face meetings. A deciding factor could be that, whether Clubs renew now or later in 2021, the Policy will cost the same. There is also the possibility that relaxation of restrictions in the New Year may encourage socially distanced outdoor meetings. PLI is strongly advised for such meetings to protect Club members and the public.
Clubs need to decide if they should also purchase Management Liability cover for 2021/22.
The policy covers Officers and Committee Members for a variety of potential claims including breaches of duty and trust. You may consider the risk to be small, but the consequences of any claim could be very serious. The full Policy details and the extent of cover are shown on the Darwin Clayton website at https://www.darwinclayton.co.uk/products/photographers/. This policy is regarded as essential for the PAGB and Federations. Larger Clubs, especially those who own their own premises, are strongly advised to take out the cover. The policy should give peace of mind to club officers and committee members in these increasingly litigious times.
When clubs take out PLI, “All Risks” or MLI policies they will now have the added benefit of money cover up to £1,000 at no extra charge (19 clubs paid for money cover last year).
Darwin Clayton have circulated a Rating Card to all Federations and Clubs. To benefit from these rates clubs must be affiliated to the PAGB through their Federation. Darwin Clayton will cross check with Federations to ensure that clubs applying for the policy hold membership of a Federation.
Of course, clubs are free to chose any company to provide their insurances but you should always compare the quotes with those from Darwin Clayton before making your final decision.