Club Management Liability

Who is the insurer?

Chubb Insurance Company of Australia Ltd.

What is the Period of Insurance?

1 September 2008 at 4.00pm Local Standard Time to 1 September 2009 at 4.00pm Local standard Time.

Who is covered under this policy? (The Insured)

Gridiron Australia and its six state member Associations and all affiliated incorporated Clubs (excluding any elite national and State Representative Teams).

What does this policy cover?

The Club Management Liability Policy includes coverage for Directors and Officers Liability, Employment Practices and Employee Theft (as detailed below).

The Directors and Officers Liability and Employment Practices Sections of this policy cover Losses arising out of Wrongful Acts occurring before or during the Policy Period in which the Insured becomes legally obligated to pay compensation as a result of the Wrongful Act.

The Employee Theft Section of this policy covers direct losses of Money, Securities or other property caused by Theft or Forgery by any identifiable Employee of the Insured.

IMPORTANT INFORMATION

Incorporation

Any cost set by your State Association includes payment towards the total cost of Club Management Liability, however only clubs who are incorporated can gain coverage under this policy, with the exception of clubs in NSW. Therefore, a benefit of incorporation will be the availability of this cover at no extra cost.

Three Major Coverage Sections within this Policy

The three major coverage sections are as follows:

• Directors and Officers Liability;
• Employment Practices Liability;
• Employee Theft.

Limit of Liability for all coverage sections

The Maximum Limit of Liability for all Coverage Sections is $1,000,000 any one claim and in the aggregate.

The Maximum Limit of Liability for the Employee Theft Coverage Section is $25,000 per club and $100,000 in the aggregate per State association.

Advice on “Claims Made” Sections of this Policy

The Directors and Officers and Employment Practices Liability Coverage Sections are written on a Claims Made Basis. This means that these sections provide (subject to its terms and conditions) cover for claims which are first made against You and notified in writing to the insurer during the period of cover. The cover excludes:

• Acts or omissions giving rise to a claim, which occurred prior to any retroactive date (pending and prior litigation dates) stated in this policy;
• Claims or circumstances known to you or notified to an insurer prior to inception of this policy;
• Circumstances notified after expiry of this policy; or
• Claims notified after expiry of this policy.

We strongly recommend that you implement a programme to ensure that all claims are identified and notified immediately and within the policy period to avoid difficulties.

Where you become aware of facts or circumstances that might give rise to a claim, you should forward to us a notice in writing outlining those facts or circumstances as soon as practicable and before expiry of the policy period. We will forward the notice to the Insurers on your behalf. Delay in notifying the insurer or failure to provide all relevant facts could result in the claim being denied.

All Policy Wordings supplied are the GridIron Australia wordings from the 2007.08 policy period. 2008.09 policy wordings will posted as soon as possible.