Hunt Club Liability Insurance Coverage Summary

Transcription

1 Hunt Club Liability Insurance Coverage Summary COVERAGE HIGHLIGHTS Bodily Injury and Property Damage Liability Coverage Personal Injury and Advertising Injury Liability Coverage (Broad Coverage Only) Products / Completed Operations Coverage (Broad Coverage Only) Host Liquor Liability Coverage Hired and Non-Owned Auto Liability Coverage Medical Expense Coverage - $5,000 per person, coverage includes club members (Broad Coverage Only) Executive officers and directors are insureds for their duties as such for Bodily Injury and Property Damage Liability Employees are insureds for their duties as such Club members are Additional Insureds Volunteer Workers are insureds for liability while performing duties required for the club s activities Property Damage includes loss of use for damaged property State Associations may be added as Additional Insureds Co-Sponsors may be added as Additional Insureds Landowners may be added as Additional Insureds Damage to Organizational Paraphernalia in the care, custody or control of the Named Insured Coverage (Broad Coverage Only) Certified Firearms Instructors Professional Liability Coverage (Broad Coverage Only) Legally Possessed Firearm Self-Defense Coverage for Named Insured (Broad Coverage Only) Defense is outside the limit Coverage Territory includes the United States of America, its territories & possessions, Canada and Puerto Rico

2 INSURED CONTRACT DEFINITIONS LIMITED COVERAGE: A contract for a Lease of Premises A sidetrack agreement Any easement or license agreement, except in connection with construction or demolition operations on or within 50 feet of a railroad An obligation, as required by ordinance, to indemnify a municipality, except in connection with work for a municipality An elevator maintenance agreement BROAD COVERAGE: A contract for a Lease of Premises A sidetrack agreement An easement or license agreement, except in connection with construction or demolition operations on or within 50 feet of a railroad An obligation, as required by ordinance, to indemnify a municipality, except in connection with work for a municipality An elevator maintenance agreement That part of any contract or agreement entered into, as part of your business by you or any of your employees pertaining to the rental or lease of any auto (some restrictions apply) That part of any other contract or agreement pertaining to your business (including an indemnification of a municipality in connection with work performed for a municipality) under which you assume the tort liability of another party to pay for "bodily injury" or "property damage" to a third person or organization. (some restrictions apply) COVERAGE EXCLUSIONS THE FOLLOWING COVERAGE AND OR TERMS ARE NOT INCLUDED Pollution Liability Coverage Employment Practices Liability Coverage Professional Liability Criminal Acts whether intentional or unintentional Punitive Damages

3 Any loss or liability arising out of any Class Action Suit Any loss or liability arising out of any claim or suit brought by any named insured against any other named insured Any loss or liability arising out the promotion, sponsorship, organization or holding of an Historical Re- Enactment Any loss or liability arising out the promotion, sponsorship or organization of any gun shows Bodily Injury or Property Damage arising from loaded firearms being transported in any automobile is excluded Any loss or liability arising out of the inability of computers and other electronic equipment to correctly recognize, process, distinguish, interpret or accept a date field for year 2000 and beyond. This is also referred to as Y2K. Any loss or liability arising out any fungi, including but not limited to mold or bacteria on or in a building or structure. Any loss or liability arising out lead contamination Any loss or liability arising from asbestos FULLY EARNED MINIMUM PREMIUM The Commercial General Liability Coverage Part is subject to a fully earned minimum premium. The total premium shown in the declarations is the minimum premium for the policy. All premiums will be fully earned and no premium will be returned in the case of cancellation by the Insured. If the Company cancels this insurance, earned premium may be computed on a pro rata basis. COVERAGE IS WRITTEN THROUGH CERTAIN UNDERWRITERS AT LLOYD S LONDON Certain Underwriters at Lloyd s London is rated "A Excellent by A.M. Best indicating the company s strength and ability to meet its ongoing insurance policy and contract obligations. More detailed information about A.M. Best Company and their rating methodology can be found at Certain Underwriters at Lloyd s London is an approved, non-admitted carrier. Approved, non-admitted insurance carriers are neither licensed by nor under the supervision of the state department of insurance. If an approved, non-admitted carrier is found insolvent, the State Insurance Guaranty Fund will not respond. Also, all premiums are taxable. Lockton Risk Services, Inc. has not performed an independent financial analysis, and, as such, cannot guarantee or make any representations in regard to the financial condition of Certain Underwriters at Lloyd s London or any other insurance companies with which we place business.

4 This is a convenient coverage summary. This notice is provided to facilitate your understanding of your insurance program. No coverage is provided by this summary nor can it be construed to replace any provision of your policy. You should read your policy and review your Declarations Page for complete information on the coverages you are provided. If there is any conflict between the policy and this summary, THE PROVISIONS OF YOUR POLICY SHALL PREVAIL. IMPORTANT NOTICE TO APPLICANT CERTIFICATES OF INSURANCE GENERAL INFORMATION A Certificate of Insurance is issued as a matter of information only to provide evidence of insurance. It is not a contract. Certificates are simply snapshots of the basic policy coverages and limits. A Certificate of Insurance is not an endorsement to the policy. It does not amend, extend or alter the coverage afforded by the policy. The Certificate of Insurance confers no rights upon the certificate holder. ADDITIONAL INSURED STATUS In addition to describing the insurance available to the named insured, a certificate may also indicate that a certificate holder is an additional insured under the referenced policy. This is informational only. The policy issued to the named insured (you) must include the proper additional insured endorsements for coverage to apply. The Blanket Additional Insured by Written Contract or Agreement Endorsement is an example of one such endorsement. This endorsement provides coverage for any person or organization whom you are required to add as an additional insured to the policy by written contract, agreement or permit, that is: 1. Currently in effect or becoming effective during the term of the policy; and 2. Executed prior to the loss. NOTICE OF CANCELLATION The standard Certificate of Insurance includes the following statement regarding cancellation notice: SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. Most certificate holders, including additional insureds, will not receive a notice of cancellation or notice of nonrenewal of the named insured s (your) policy with the following exceptions (and then only when the proper endorsement is attached to the policy and if the cancellation / nonrenewal is initiated by the company): Mortgagees (Property Coverage) Lender Loss Payees(Property Coverage)

5 Additional Insured Lessor (Auto Liability Coverage) The policy must be specifically endorsed to provide notification of policy cancellation or non-renewal to any other interests. Such requests are subject to prior approval of the named insured(you) and the insurance company. MODIFICATION OF CERTIFICATE OF INSURANCE STANDARD LANGUAGE Many states required that the Certificate of Insurance form be filed and approved by the State Insurance Department and it may not be modified without prior approval of the State Insurance Department. At least 34 states have clarified that issuance of a modified certificate would be considered a violation of state law. We ask that you be aware of this restriction when negotiating and agreeing to insurance requirements in contracts with third parties. While we are willing to do whatever we can within the bounds of applicable state laws and regulations to assist you in both enforcing and complying with the insurance requirements of your third party contracts, we are prohibited from modifying the standard language of the Certificate of Insurance forms.