COC Group Insurance Policy
In cases of conflicting information, the policy signed between the insurance broker and the COC takes precedence over text given here.
The COC has arranged for a Group Liability Insurance Policy which covers societies in all provinces with exception of Yukon, NWT, New Brunswick, P.E.I. and Newfoundland. The policy covers all shows, meetings and any society sponsored activity, such as greenhouse tours.
The insurance would be held by the COC and will be available to any society in good standing. The premiums from each society would also be collected by the COC. The policy covers:
Errors & Omissions Liability (Directors & Officers / Wrongful Acts),
Non-owned Automobile.
At a show or a meeting the host society's insurance would cover any liability.
When travelling to shows or other society activities, if the driver is using their own vehicle, their own insurance covers them; but if they are travelling in a rental vehicle, the COC insurance provides coverage up to two million dollars (with a $500. deductible). That would be in addition to any insurance the rental company requires.
Coverage Details
The coverage per insured society is:
Tenants Legal Liability - any one premises: $250,000
Medical Expense - any one person: $1,000
Aggregate Limit - Products/Completed Operations Hazard: $2,000,000
Bodily Injury/Property Damage and Legal Expenses: $500.00 Deductible
Errors & Omissions Liability(Directors & Officers/Wrongful Acts): $1,000,000 - $500.00 Deductible
Non Owned Automobile: $2,000,000
(The figures above in this policy are the 'Limits of amounts'.)
To repeat: The policy covers all shows, meetings and any society sponsored activity, such as greenhouse tours.
Some venues require their inclusion in the policy when a event is held on their premises. When this is required the society must advise Lynne Cassidy. She requires the name of the venue/venue owner, address and dates of the event. A certificate will then be issued to the venue owner to cover this event.
Additional Coverage
Any society holding an event where alcohol is consumed such as a Wine and Cheese event must apply for additional coverage at their own cost.
The insurance agency is now offering coverage for libraries and possessions. The coverage is based on dollar value. A value of $10,000.00 would be $50.00 per year with $500.00 deductible if the items were stored in one place. The items can be moved for use and then returned to the storage area. If all the items were moved from place to place then the cost would be $200.00 per year for a $10,000.00 value. Each society would have to advise me the value of their possessions, I would then get the cost from the agent. The society would have to pay the premium directly to the insurance agent. This coverage can be obtained at any time without penalty.
Payment Due
The coverage period goes from January 1 to December 31. Insurance premiums for the year 2010 are due December 1, 2009. Those societies wishing to join in the insurance coverage should do so when renewing their COC membership. For the year 2010 the rate is $1.50 per member of the society. For a society joining after the due date there is an additional late fee of $25.00.
Contacts
For information on the insurance coverage or for joining the plan please contact:
16077 16th Avenue, Surrey, BC V4A 1S3
604-536-8185
Email:
Payment for Insurance should be sent to:
1455 Watts Road, R.R.# 1
Haliburton ON K0M 1S0
You may also print off the application form, fill it in and mail it to Margaret.
