KI DIRECTORS AND OFFICERS LIABILITY INSURANCE INCREASE YOUR CLUB’S FINANCIAL SECURITY

KI DIRECTORS AND OFFICERS LIABILITY INSURANCE WHAT HAS HAPPENED? - DISCRIMINATION CLAIM ARISING FROM CLUB CHOOSING A LIMITED # OF ESSAY SUBMISSIONS FROM A LARGE POOL OF APPLICANTS’ ESSAYS - VOLUNTEER PATTING A PEANUTS BUYER ON THE BACK AS BUYER WAS THANKED. CLUB WENT BANKRUPT - AVERAGE CLAIM FOR THESE TYPES OF CLAIMS - $250,000.

KI DIRECTORS AND OFFICERS LIABILITY INSURANCE WHY BUY COVERAGE? – CLUB FINANCIAL PROTECTION FROM LAWSUITS – PROTECTS PERSONAL ASSETS OF CLUB OFFICERS AND DIRECTORS – FINANCIAL PROTECTION FOR DIRECTORS, OFFICERS, COMMITTEE CHAIRS & MEMBERS – PROVIDES REIMBURSEMENT TO CLUB TO PAY BACK DIRECTORS AND OFFICERS FOR THEIR LOSSES – PROVIDES COVERAGE FOR ALL CLUB MEMBERS

KI DIRECTORS AND OFFICERS LIABILITY INSURANCE D & O POLICY HIGHLIGHTS: - COVERAGE CANNOT BE CANCELED EXCEPT FOR PREMIUM NONPAYMENT - BROAD DEFINITON OF INSUREDS - DEFENSE COSTS ARE OUTSIDE THE LIABILITY POLICY LIMIT - NO INSURED VS. INSURED EXCLUSION - FULL RETALIATION COVERAGE

KI DIRECTORS AND OFFICERS LIABILITY INSURANCE D & O HIGHLIGHTS (CONTINUED): - PUNITIVE DAMAGES COVERAGE WHERE INSURABLE - NO INTENTIONAL ACTS EXCLUSION - BROAD WRONGFUL ACT DEFINITION

KI DIRECTORS AND OFFICERS LIABILITY INSURANCE EMPLOYMENT PRACTICES LIABILITY INSURANCE - PROTECTS THE CLUB AGAINST DAMAGES FOR EVENTS RELATING TO ITS MEMBERS, VOLUTEERS AND EMPLOYEES, INCLUDING, BUT NOT LIMITED TO, WRONGFUL DISMISSAL, HARASSMENT, DISCRIMINATION, DEFAMATION AND UNFAIR HIRING/FIRING PRACTICES (INCLUDING VOLUNTERS) - PROVIDES DEFENSE COSTS ASSOCIATED WITH RESPONDING TO RELATED LAWSUITS

KI DIRECTORS AND OFFICERS LIABILITY INSURANCE COVERAGE AND PREMIUM COSTS – D&O/EPL $1MM, $0 DEDUCTIBLE, $500 PREMIUM – D&O/EPL $2MM, $0 DEDUCTIBLE, $750 PREMIUM – D&O/EPL $3MM, $0 DEDUCTIBLE, $950 PREMIUM – INSURANCE PROVIDED BY GREAT AMERICAN INSURANCE COMPANY.

CLUB CRIME INSURANCE YOUR CLUB MAY BE EXPOSED TO THEFT THAT COULD FINANCIALLY IMPACT OR DESTROY ITS ABILITY TO PROVIDE NEEDED COMMUNITY SERVICE. HERE’S HOW IT CAN HAPPEN: FUNDS THEFT, FALSE RECEIPTS, EQUIPMENT THEFT, PETTY CASH THEFT, PHONY INVOICING, ETC.

CLUB CRIME INSURANCE EXAMPLES OF CLUBS IMPACTED BY CRIME “The former Town Manager of Milo and Treasurer of Three Rivers Kiwanis of Milo and Brownville pleaded guilty Tuesday morning to stealing $45,000 from the club.” The Treasurer “…pleaded guilty to Class B theft in Piscataquis County Superior Court.”

CLUB CRIME INSURANCE MULTI-$K BANGOR BREAKFAST ONLY TREASURER THE CLUB HAD HAD VERBAL REPORTS ONLY ONLY ONE WITH MONEY ACCESS NO AUDITS NO CRIME INSURANCE FINALLY GOT CRIME INSURANCE BUT NOT IN EFFECT UNTIL

CLUB CRIME INSURANCE KIWANIS CLUB TREASURER WITH CHECK- SIGNING RESPONSIBILITY SET UP PHONY SERVICES VENDOR AND WROTE CHECKS TO SAME. CAUGHT BY EMPLOYER FOR DOING SAME THING. AFTER LEAVING CLUB, ADMITTED TO STEALING NEARLY $50,000 FROM CLUB.

CLUB CRIME INSURANCE KIWANIS CLUB SET UP A CONSIGNMENT STORE AS FUNDRAISER AND USED A NO- QUESTIONS-ASKED RETURN POLICY. CLUB VOLUNTEER RUNNING THE STORE ALTERED THE BOOKS TO SHOW FALSE RETURNS AND PAID SELF IN CASH. VOLUNTEER DIED SUDDENLY AND NEW BOOKKEEPER FOUND THE CLUB HAD LOST NEARLY $10O,000 OVER THE PREVIOUS FOUR YEARS.

CLUB CRIME INSURANCE WHAT CRIME COVERAGE DOES: – PROTECTS THE CLUB FROM THEFT OF FUNDS AND DISHONEST VOLUNTEERS, MEMBERS, OFFICERS, AND EMPLOYEES – SOFTENS THE COST TO A CLUB FOR THEFT OR EMBEZZLEMENT AND OTHER CRIME-RELATED LOSSES – PROTECTS THE INTEGRITY OF KIWANIANS

CLUB CRIME INSURANCE POLICY HIGHLIGHTS OF CRIME COVERAGE – BROAD OCCURRENCE COVERAGE FOR EMPLOYEE/VOLUNTEER THEFT, PREMISES, TRANSIT, AND DEPOSITORS FORGERY – BROAD DEFINITION OF THEFT – PREMISES COVERAGE INCLUDE COMPUTER THEFT, SAFE BURGLARY, AND ROBBERY

CLUB CRIME INSURANCE COVERAGE AND PREMIUM COSTS – CRIME $10K, $250 DEDUCTIBLE, $95 PREMIUM – CRIME $25K, $500 DEDUCTIBLE, $125 PREMIUM – CRIME $50K, $500 DEDUCTIBLE, $155 PREMIUM – HIGHER $ LIMIT POLICIES ARE AVAILABLE – PACKAGE PREMIUMS SHOWN; IF CRIME INSURANCE IS PURCHASED WITHOUT D & O, CRIME INSURANCE PREMIUMS WILL BE HIGHER – INSURANCE PROVIDED BY GREAT AMERICAN INSURANCE COMPANY.