Arthur J. Gallagher & Co. · NYSE:AJG
Arthur J. Gallagher & — Rotary International — Investor Presentation (July 2020)
32 slides from Arthur J. Gallagher &'s investor presentation, July 2020
Slide 1: U.S. Rotary Clubs & Districts Liability Insurance Program
U.S. ROTARY CLUBS & DISTRICTS LIABILITY INSURANCE PROGRAM July 2020 Risk Management
Slide 2: Overview
2 Overview: • What is the Program? • Who is Covered? OVERVIEW • What Insurance Coverages Are Provided? • General Liability The following are topics to be discussed • Directors & Officers / Employment during the presentation to help you better Practices Liability understand the insurance coverage pro
Slide 3: What Is the Program?
3 WHAT IS THE PROGRAM? The U.S. Rotary Club & District Liability Insurance Program (‘Program’) provides liability insurance to all active U.S. Rotary Clubs & Districts. The insurance program is financed by U.S. Rotarians – via insurance assessments to RI on the 1 July Club Invoice (annual charge in
Slide 4: What Entities Are Covered?
4 WHAT ENTITIES ARE COVERED? • Rotary Club • Rotary District • Rotaract Club and also … • Rotary Club Foundation • Rotary District Foundation • Interact Club • Rotary Community Corps • Certified Youth Exchange Organizations • Rotary Youth Leadership Awards (RYLA) • President Elect Training Seminar (
Slide 5: What Coverages Are Provided?
5 WHAT COVERAGES ARE PROVIDED? Understand General Liability and Directors & Officers & Employment Practices Liability Coverages
Slide 6: General Liability: Who Is Covered?
6 GENERAL LIABILITY WHO IS COVERED? Volunteers & Rotarians with respect to their liability for acts within the course and scope of their duties on behalf of a Rotary Club or District.
Slide 7: General Liability
7 Common Coverages under General Liability: • Bodily Injury and Property Damage GENERAL • Liquor Liability LIABILITY • Abuse and Molestation Protects Rotary clubs and districts against liability claims for bodily injury to a third • Non-Owned / Rented Auto Liability party and damage to a third party
Slide 8: Property Damage & Bodily Injury
8 PROPERTY DAMAGE & BODILY INJURY General Liability protects Rotary clubs and districts against liability claims for bodily injury to a third party and damage to a third party’s property.
Slide 9: Liquor Liability
9 LIQUOR LIABILITY Liquor liability coverage is provided when it is the Club or District that serves alcohol at an event. It is expected that all applicable laws be followed, including ensuring proper licensing with all applicable governmental bodies.
Slide 10: Sexual Abuse & Molestation
10 SEXUAL ABUSE & MOLESTATION There is no exclusion on the policy related to abuse and molestation. The policy is silent and would respond to claims or suits that arose.
Slide 11: Non-Owned & Rented Autos
11 NON-OWNED & RENTED AUTOS The Program provides excess liability coverage for the use of rented and non- owned autos, above any other valid and collectible insurance on the auto. When a trailer is attached to a vehicle, the vehicle owner’s insurance is primary.
Slide 12: Medical Payments
12 MEDICAL PAYMENTS This coverage pays for medical expenses incurred by a third party for an injury sustained while not admitting fault. The Program excludes medical payments for persons injured while practicing, instruction or participating in any athletic events or activities.
Slide 13: Personal & Advertising Injury
13 PERSONAL & ADVERTISING INJURY Personal and Advertising injury which includes copyright infringement in your “advertisement”. “Advertisement” means a notice that is broadcasted or published to the general public including material placed on the internet.
Slide 14: Directors & Officers Liability (D&O)
14 DIRECTORS & EMPLOYMENT OFFICERS PRACTICE LIABILITY (D&O) LIABILITY (EPL) Provides coverage for claims made Provides coverage for claims arising out of against clubs’ and districts’ directors and clubs’ and districts’ employment related officers that result from their activities, practices. such a
Slide 15: D&O/EPL: Who Is Covered?
15 D&O/EPL WHO IS COVERED? Director Trustee Officer Committee Employee Rotarian Member
Slide 16: No Crime Insurance Coverage
16 NO CRIME INSURANCE COVERAGE There is no crime insurance coverage under the Program. This can also be referred to as a Fidelity bond. If you have a club or district has a foundation, include crime coverage for the foundation as well as the club or district.
Slide 17: Coverage Territory
17 COVERAGE TERRITORY Worldwide, BUT: • General Liability – claim/suit must be brought or lawsuit filed in the U.S., its territories and possessions, or Canada • D&O/EPL – only where legally permissible
Slide 18: Exclusions & Limitations
18 EXCLUSIONS & LIMITATIONS What are common policy restrictions?
Slide 19: Exclusions & Limitations
19 Exclusions & Limitations under the General Liability Policy: • Exclusions EXCLUSIONS & • Communicable Disease • Aircraft LIMITATIONS • Property • Childcare and/or Elderly Care • Limitations • Events organized drawing more than 25,00 attendees • Construction projects where the value of materials (
Slide 20: Communicable Disease - Exclusion
20 COMMUNICABLE DISEASE - EXCLUSION The policy does not apply to any liability or any other loss, cost, damage, expense, injury, claim or suit, arising out of, or resulting directly or indirectly, in whole or in part from a communicable disease (including COVID-19). If your Rotary club or district i
Slide 21: Aircraft - Exclusion
21 AIRCRAFT - EXCLUSION There is no coverage for any claims arising out of the use of aircraft. Aircraft includes, but is not limited to: • Spacecraft • Satellite • Hot Air Balloon • Drone • Missile
Slide 22: Property Coverage - Exclusion
22 PROPERTY COVERAGE - EXCLUSION The Program does not provide coverage for property owned, in the care, custody, or control of a club or district, or loss of property or coverage for theft of said property.
Slide 23: Eldercare & Childcare - Exclusion
23 ELDERCARE & CHILDCARE - EXCLUSION • Designated Services or Operations Exclusion • Eldercare services performed at an adult day care center or assisted living facility owned, rented, operated or managed by a Named Insured. • Childcare services performed at a licensed childcare facility owned, rent
Slide 24: Events That Draw More Than 25,000 Attendees - Limitation
24 EVENTS THAT DRAW MORE THAN 25,000 ATTENDEES - LIMITATION Rotary clubs that organize events exceeding 25,000 attendees over the entire event period are required to purchase a primary general liability policy that includes coverage for all the event’s risks and exposures.
Slide 25: Construction Projects - Limitation
25 CONSTRUCTION PROJECTS - LIMITATION If a Rotary club or district is involved in a construction project where the value of the materials (donated or purchased) is $50,000 of more, the Rotary club or district is required to purchase a primary policy with minimum limits of $1M per occurrence up to th
Slide 26: Firework Displays - Limitation
26 FIREWORK DISPLAYS - LIMITATION If a Rotary club or district enters into a contract with a pyrotechnic firm or other similar company hired to detonate fireworks, the Rotary club or district is required to purchase a primary general liability policy with a minimum limit of $5M per occurrence.
Slide 27: Incident Reporting
27 INCIDENT REPORTING What should your club or district do when an incident happens?
Slide 28: Incident Reporting Information
28 INCIDENT REPORTING INFORMATION SCREEN SHOT OF NEW WEBSITE HERE What to do if you are notified of an incident/claim or lawsuit • Report to RI’s Risk Management Immediately • Obtain and complete an Incident Report Form
Slide 29: Resources
29 RESOURCES Where should you go to obtain more information about the Program?
Slide 30: Resources
3030 RESOURCES • Gallagher (insurance broker) • RI’s Risk Management Department • Gallagher Insurance Website • Email: [email protected] [email protected] • Toll Free: 1-833-3ROTARY 1-833-376-8279 • E-mailings from Risk Management to Club & District Officers throughout the • Email: [email protected]
Slide 31: Gallagher Insurance Website
31 GALLAGHER INSURANCE WEBSITE https://rotary.ajg.com Username: [email protected] Password: rotarian1 What contents are available on the Portal? • Certificate of Insurance • Summary of Coverages • Loss Prevention Strategies • Incident Forms • And more! The website is accessible via mobile devices
Slide 32: Questions
32 Presentation was prepared by Rotary International’s Risk Management Department. QUESTIONS Please contact: [email protected] Nothing in this presentation shall While information may be presented to help explain coverage, it be construed to extend, alter, vary, by no means alters or changes what
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