Managing Risk at Your Post VFW Post Insurance Program ®
Transportation Presentation Coverage Needed for Posts Date
Typical Coverages for a Post Coverage Overview • Property • General Liability • Liquor Liability • Business Auto • Workers’ Compensation • Special Events • Directors & Officers • Umbrella
Property Coverage Coverage Overview • Building • Business Personal Property • Business Income • Ordinance and Law Change Covers:
General Liability Coverage Coverage Overview • Protects Post, officers and members • Defends and pays judgment when accused of negligence by a third party • Covers injury or death to people and property damage to property of others. (Covers at the Post and at any other location) • “Host” Liquor Liability covered • Limits available $300,000 to $1,000,000 • If you are served with suit papers – Report to Insurance Company immediately
Medical Payments Coverage Overview • Pays medical cost to injured party up to $5,000 • Does not require proof of negligence • Covers Members • Quick payment; produces goodwill
Liquor Liability coverage (Dram Shop) Coverage Overview • If in the business of sale or service of alcohol (operation of a canteen)-excluded by general liability • Liquor Liability covers Post for alleged negligence when a patron is served alcohol and causes accident with bodily injury or death or property damage • Exposure varies by state • Limits available $100,000 to $1,000,000
Actual Liquor Claims Liquor Liability Coverage • Over Serving/Under-Age Drinking Claim: Post served a 17 year old boy who upon leaving the Post, crossed the center line, striking a motorcycle. The motorcyclist sustained serious leg injuries. Within 2 hours of the accident the 17 year old blew a .22, which was over twice the legal limit. The Post has been named in this lawsuit because they allegedly caused and contributed to the intoxication of the defendant.
Actual Liquor Claims Liquor Liability Coverage • Over-Serving/Fall Claim: Man was drinking at the Post bar, after several hours and beers, the man climbed up onto the bar, reached over to ring the bell, and fell. He was injured and died 11 days later as a result of those injuries. The Post has been named in a lawsuit because they have been accused of over-serving the man, which led to the fall, which caused his subsequent death.
Actual Liquor Claims Liquor Liability Coverage • Over Serving/Fatality Claim: A member of the Post, and a regular at the bar, spent most of the afternoon drinking at the Post. After too many drinks, he fell off of his barstool. The bartenders decided not to call 911 because they didn’t want the Post to get into trouble. Instead, they took the member out to his truck to “sleep it off.” After several hours a relative of the individual stopped by the post to find the man still in his truck. He was taken to the hospital, where he died several days later. The post is in the middle of a very messy lawsuit.
Preventing Liquor Claims Liquor Liability Coverage • How can you prevent liquor-related claims? Liquor Liability Loss Control • Post Leadership commitment to controlling exposure • Alcohol Server Training • Active Liquor Liability Loss Prevention Program
Covers autos owned by the Post Liability $300,000 to $1,000,000 limit Physical damage Hired and non-owned liability Hired covers liability from operation of rented auto Non-owned covers liability from operation of a non-owned auto (member’s auto) on Post business Business Auto Coverage Coverage Overview
Umbrella Coverage Coverage Overview • Provides additional limit above • General Liability • Liquor Liability • Auto Liability • Typical limit is $1,000,000
Workers’ Compensation Coverage Coverage Overview • Required by state law • Pays benefit for employees – Medical expense – Lost wages – Death benefit to estate • Can cover volunteers (in most states)
Directors & Officers Coverage (D&O) Coverage Overview • “Bad decision” protection • Covers Post and officers • Can include Employment Practices Liability (EPL) • Wrongful termination • Sexual harassment • Discrimination • Fiduciary liability • Does not cover bodily injury or property damage • Risk management consultation included
Fireworks Parades Rodeo Amusements/Carnival Concerts Discuss with your Agent Special Events Coverage Coverage Overview
Transportation Presentation Controlling Risk at the Post Date
Controlling Risk • Normal Post activities create risk • Insurance is the most common way to protect Post assets in the event of a loss • Loss prevention/safety inspection plan can reduce potential for loss • Liquor Liability Loss Control • Regular training of bar tenders • Training often available from your supplier • Establish procedures to prevent over-serving • Is your Post incorporated? • Are your members included as additional insured under the Post’s liability policy?
Controlling Risk • Is Post named as an additional insured on policy of: - Any tenant if part of the property is leased to others - Renter of space • Use a Rental Contract • Make renter responsible • To individuals (weddings, etc.) – Request proof of insurance • To commercial user (office party, etc.) - require certificate of insurance with Post named as additional insured - Any vendor doing work or providing services • Certificate of insurance with Post named as additional insured
Transportation Presentation Program Overview Date
Program Overview • Program started in 1988 • Initially started to offer Liquor Liability • Over 2,300 VFW Posts participating in program • Official Property and Casualty program endorsed by the VFW • Tailored specifically for coverages VFW Posts need • Free, no-obligation quotation offered
Program Highlights • Offers VFW Posts a solution • Can include Auxiliary • Competitive pricing • Convenient payment terms • Flexibility • One-stop shopping • 24-hour claims reporting • Dedicated customer service • Insurance coveranges provided by company rated “Excellent” by A.M. Best
Post Accidental Death & Dismemberment (AD&D) • Accidental death benefit of $1,050 • Benefit doubles to $2,100 if accident occurs on the Post premises or at a Post event • Benefit also provided for accidental loss of limb(s) or sight • All members of Post in good standing are included in the policy automatically • Minimal cost of $1.35 per member per year paid by the Post • Optional coverage in addition to the “No-Cost” AD&D coverage included with VFW membership
Health Insurance • Competitive, affordable health coverage options designed to fit the needs of VFW members and their families. • Short-Term Plans • Bridges the gap after Tricare • Retirees who are not yet eligible for Medicare • People between jobs – a great alternative to COBRA • Individual or Family Medical Plans • Individuals, Families, Child-only policies • Employees without an employer-sponsored group health plan • People seeking the ability to choose their own plan benefits
Member Benefits • Senior Term Life • Voluntary AD&D • Juvenile Life • Medicare Supplement • Part D • Cancer Insurance • Pet Insurance call 1-800-872-7387 • Automobile Insurance Plan call 1-800-354-0181 • Health Insurance call 1-800-829-8390 call 1-800-749-6983
New Insurance Website For all insurance products available to VFW Members and Posts www.vfwinsurance.com
Questions? Contact Us at: VFW Post Insurance Program1-800-829-8390 www.vfwinsurance.com