managing risk at your post the post insurance program administered by lockton risk services
TRANSCRIPT
Managing Risk at Your PostThe Post Insurance ProgramAdministered by Lockton Risk Services
Transportation Presentation
Date
Coverage Needed for Posts
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Insurance Program Administered by Lockton Risk Services
Typical Coverages for a Post
Property
General Liability
Liquor Liability
Business Auto
Workers’ Compensation
Special Events
Directors & Officers
Umbrella
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
Property Coverage
Building
Business Personal Property
Business Income
Ordinance and Law Change
Covers:
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
General Liability Coverage
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
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
Medical Payments
Pays medical cost to injured party up to
$5,000
Does not require proof of negligence
Covers Members
Quick payment; produces goodwill
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
Liquor Liability coverage (Dram Shop)
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
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
Actual Liquor Claims
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.
Liquor Liability Coverage
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Insurance Program Administered by Lockton Risk Services
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
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Insurance Program Administered by Lockton Risk Services
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.
Liquor Liability Coverage
Actual Liquor Claims
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Insurance Program Administered by Lockton Risk Services
Preventing Liquor Claims
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
Liquor Liability Coverage
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Insurance Program Administered by Lockton Risk Services
Business Auto Coverage
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
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
Umbrella Coverage
Provides additional limit above
– General Liability
– Liquor Liability
– Auto Liability
Typical limit is $1,000,000
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
Workers’ Compensation Coverage
Required by state law
Pays benefit for employees
– Medical expense
– Lost wages
– Death benefit to estate
Can cover volunteers (in most states)
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
Directors & Officers Coverage (D&O)
“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
Coverage Overview
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Insurance Program Administered by Lockton Risk Services
Special Events Coverage
Fireworks
Parades
Rodeo
Amusements/Carnival
Concerts
Discuss with your Agent
Coverage Overview
Transportation Presentation
Date
Controlling Risk at the Post
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Insurance Program Administered by Lockton Risk Services
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?
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Insurance Program Administered by Lockton Risk Services
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
Date
Program Overview
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Insurance Program Administered by Lockton Risk Services
Program Overview
Program started in 1989
Initially started to offer Liquor Liability
Over 1,850 Posts participating in program
Tailored specifically for coverages Posts
need
Free, no-obligation quotation offered
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Insurance Program Administered by Lockton Risk Services
Program Highlights
Offers Posts a solution
Can include Auxiliary
Competitive pricing
Convenient payment terms
Flexibility
One-stop shopping
24-hour claims reporting
Dedicated customer service
Insurance coverages provided by company rated “Excellent” by A.M. Best
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Insurance Program Administered by Lockton Risk Services
Questions?
Contact Us at:
The Post Insurance Program
(800) 669-9944
www.PostInsuranceProgram.com