CLUB MANAGEMENT LIABILITY
Who is the insurer?
Chubb Insurance Company of Australia Ltd.
What is the Period of Insurance?
1 May 2008 at 4.00pm Local Standard Time to 1 May 2009 at 4.00pm Local standard Time.
Who is covered under this policy? (The Insured)
Swimming NSW Limited and NSW Swimming Nominees Pty Ltd, Swimming Northern Territory Inc, Swimming QLD Inc, Swimming SA Inc, Swimming Tasmania, Swimming VIC Inc and Swimming WA including all affiliated incorporated clubs and associations. including Affiliated District Associations, Affiliated Branch Offices, Affiliated Member Clubs.
Please note that for States other than NSW you must be an incorporated association/club to be covered under this policy.
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 $5,000,000 any one claim and in the aggregate.
The Maximum Limit of Liability for the Employee Theft Coverage Section is $25,000 any one club any one event and $100,000 in the aggregate separately 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 program 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.
Please refer to the policy wording for further advice, terms and conditions relating to the Club Management Liability policy.
Please note that in some cases the cover available is broader than the cover outlined in the Standard Policy Wording. Please contact JLT Sport for further details.
