Our clients tell us that the duties imposed upon committee member(s) continue to rise and the running of a club is increasingly more complicated.
Many aspects expose not just your club to civil, criminal and regulatory action, but also your committee members. Committee members can make mistakes and are often personally liable for them. They constantly walk a fine line, making tough and complex decisions with huge impacts, sometimes on the basis of limited information. Actions against them could be brought on by: your employees, club members, creditors, competitors and regulatory bodies.
Are you confident that your committee members will not find themselves in complex, time-consuming and expensive proceedings?
For yours and your members' protection, we would recommend that if you do not already have a Directors & Officers Insurance policy in place you consider arranging it. The core purpose of the policy is to provide financial protection for your members against the consequences of actual or alleged 'wrongful acts' when acting in the scope of their managerial duties.
Directors & Officers insurance can offer protection from a legal action including:
- A Wrongful Act (relating to any actual or alleged 'wrongful act' or omission by a committee member individually or collectively)
- Breach of Duty
- Breach of Trust
- Discrimination
- Safety & Emergency Regulation
To discuss how you could be protected and what is included in the policy, contact Claire on claire.weston@swib.co.uk
Category: Bowls & Racquets
