Insurance Provider

[oPhiGPie]

We are a local fraternity in texas wishing to get established. One thing that hinders this process is our lack of insurance. We have had the hardest time looking for a provider that may cater to our small size. Million dollar policies just too expensive for our two chapters. Any ideas of help to get around this or a smaller risk management policy or something?

[dxp_tiktok]

Originally Posted by oPhiGPie

We are a local fraternity in texas wishing to get established. One thing that hinders this process is our lack of insurance. We have had the hardest time looking for a provider that may cater to our small size. Million dollar policies just too expensive for our two chapters. Any ideas of help to get around this or a smaller risk management policy or something?

Very few insurance companies insure greek letter organizations...most policies are based on membership (you pay a per-member fee).

You can do 1 of 2 things:
1) Contact a local insurance agency & see if they'll do it or get recommendations.
2) Contact HRH Kirklin http://www.kirklin.com/ & get a quote. It can't hurt to check it out.

Many universities require at least $1 million policy (not sure if yours does), so it may be a good thing to get that level of insurance eventually.

Good luck!

[MsDGP007]

This semester (Fall 2008), we started an insurance policy. Previously we would just pick up very general liability insurance for individual events; but for many schools, that just does not cut it anymore. We went with HRH/Kirklin (which just changed their name to Willis HRH) and their minimum policy is $1,000,000.

[preciousjeni]

Originally Posted by dxp_tiktok

Many universities require at least $1 million policy (not sure if yours does), so it may be a good thing to get that level of insurance eventually.

I have to say that I'm a bit surprised at the universities that are actually requiring $2 million policies. My sorority has one (fortunately), but it seems that smaller organizations are increasingly facing challenges that may prove insurmountable.

[MsDGP007]

Originally Posted by preciousjeni

I have to say that I'm a bit surprised at the universities that are actually requiring $2 million policies. My sorority has one (fortunately), but it seems that smaller organizations are increasingly facing challenges that may prove insurmountable.

If I am not mistaken, that is often "$2 million stacked" where you have both property and personal liability coverage of $1 million each. This is pretty confusing to laypeople...but I used to work in the insurance industry. That's why you have to ask for everything from both the school and your agent in writing.

[preciousjeni]

Originally Posted by MsDGP007

If I am not mistaken, that is often "$2 million stacked" where you have both property and personal liability coverage of $1 million each. This is pretty confusing to laypeople...but I used to work in the insurance industry. That's why you have to ask for everything from both the school and your agent in writing.

Ahhh