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Insurance for Presidents?
With situations like the one which recently took place in South Carolina at Coastal Carolina University where the parents of hazed students may choose to file suit against the fraternity's president, do most - or any - GLOs make it a policy to carry Directors' and Officers' Liability insurance?
I'm not sure if it can be applied, but I am aware of it being typically used to protect boards of Non-Profit Organizations should they ever face litigation. |
IF all policies and procedures of the organization are followed, the President is included in the organization's liability insurance. Most home owner's policies include some personal liability insurance but many National/International Officers choose to add additional liability insurance through riders to their home owner's.
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It's a good question. I suspect it's the same for most, if not all groups, but I'm certain that Delt carries insurance for the alumni volunteers. I don't know about undergraduate officers, but suspect they are covered under the chapter policy.
As has been pointed out, though, if the rules of the policy are broken, the insurance company will not honor a claim. I always carried extra liability coverage personally when I was an advisor and/or division officer. |
When I was president of my chapter, I believe I was covered by a seperate insurance policy.
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I think it would be wise for chapter officers (or their parents) to take out extra (blanket liability) coverage -- it isn't that expensive. To be honest, the way things are, I'm just as happy that our kids didn't opt to rush/pledge -- although I obviously would have supported them if they had. |
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I have closed down over ten fraternities and sororities in my lifetime. I do lawsuits against those nasty hedonists for free. I felt warm inside when the frat president started to cry when he was informed his scholarship was gone.
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Re: Insurance for Presidents?
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