5 Things You Should Know Regarding Insurance By

5 Things You Should Know Regarding Insurance By Kathy Meagher, ARM, CPCU Manuel Hamme, ARM-P, CPCU, MBA 1

Insurance Broker Contact �BB&T Insurance Services of California, Inc. �Website: www. pta. bbt-knight. com �User name = ptausers �Password = member �Email: capta@BBand. T. com �Telephone (800) 733 -3036 2

Use The Website &/or Guide Book �Outlines Insurance Coverage �Outlines what activities can and cannot be done: Red, Yellow, Green. �Website provides approved Vendor’s list �Provides Sample forms ◦ ◦ Certificate Facility Use Permit Hold Harmless Waivers 3

Insurance Overview � General Liability $1 M Ø When involved in an allowable PTA activity Ø The PTA insurance does not cover booster clubs or other organizations Ø Legally liable for Bodily Injury (BI) and Property Damage (PD) Ø Not a medical policy � Directors and Officers Liability $1 M Ø Duty of Loyalty – acting in good faith Ø Duty of Care – due diligence and prudence Ø Duty of Obedience – compliance with laws � Bonding Insurance $15, 000 per limit � No Workers Comp for Volunteers 4

Reporting an Incident �Obtain the facts and remain objective ◦ Avoid Defamation: Liable / Slander �Record all information & minutes �Beware of time constraints ◦ PTA ◦ Police ◦ Insurance Carrier �Keep it Confidential & Objective �Need 4 copies: PTA and BB&T 5

Activities �Use the Guidebook or website for approved activities: Red, Yellow, Green �Check with the school district �Only PTA officers can sign contract ◦ Never sign a Hold Harmless or Indemnity Clause �Obtain the necessary insurance certificate and forms �Gift the funds to the school district 6

May 13, 2014 – NY 3 Children Aged: 5, 6, and 10 Ø 50 ft in Air; Dropped 15 -20 ft on car & street Ø Broken bones and serious head injury Ø Jim Barber: National Association of Amusement Ride Safety Official Spokesman: ""I wish this was a rarity, but it's not. It happens all the time. These are probably the most dangerous amusement devices they have. “ 6/7/11 – USA Today Ø Center for Injury Research and Policy 2012 Report – Average of 31 children per day in emergency dept. 15 fold increase from 1995 – 2010. Cases involve head and neck injuries – 20% Ø 7

Questions �PTA matters ask your District �Insurance: BB&T Insurance 8