Quote:
Originally Posted by ASTalumna06
But even a local donut shop could find coverage because they're not so specialized or an obscure risk. They may pay a relatively higher premium, but their operations are still mostly predictable, sales are auditable, and safety features can be analyzed. A sorority or fraternity is a whole different animal.
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To build on that, local fraternities and sororities are more unpredictable than national organizations as national organizations have all sorts of policies to not only shield the national organization from liability, they ensure there's at least some programming on risk reduction, that there are policies in place which the insurer and the national organization can point to when they're broken as a reason to decline coverage, etc. They send out reps to meet the officers and alums, they provide training opportunities, and they have a sense of who their higher risk groups are. So they're kind of predictable.
I would expect it's pretty rare and difficult for a claim against a national organization to pay much if anything. You're going after the chapter and its assets and individuals.
Local organizations have none of those controls, and would be prone to changing completely in a short period of time. I'd kind of expect you to be uninsurable.
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