This is a reminder to affiliated clubs that Club Directors and Officers Insurance is a valuable membership benefit which was added in 2013. Directors and Officers Insurance protects Directors, Officers and Committee Members in the event that they are sued personally in conjunction with the performance of their company or club duties. This includes negligent acts, failing to act in the club’s best interest, or failing to exercise reasonable business judgment.
It protects Directors, Officers and Committee Members for claims made against them for wrongful acts such as:
An example of a claim that could be made under a Directors and Officers policy would be if a loss results from one individual’s decision. For example if the individual who is responsible for arranging the buildings insurance doesn’t renew the policy or doesn’t arrange it on the correct basis and the property then suffers damage which is found to be uninsured, the Directors and Officers policy would cover the individual should he or she be sued by the club or the owners of the property.
Under this policy there is no limit of indemnity per event or claim, however there is an annual limit for the total of all claims of £1,000,000. Please note that this is the total for the EBU and affiliated clubs together.
If you require any further information then please contact, Bev Purvis, EBU Club Liaison Officer – firstname.lastname@example.org, 01296 317206