Venture Insurance Programs has launched ClubCover, a new mono-line umbrella liability coverage for golf and country clubs offering proper limits, more cost-effective premiums and a fast, easy online system.
ClubCover provides a $25 million limit on an admitted basis through a risk-purchasing group (RPG), utilizing a master policy with each member receiving a certificate of insurance.
Unlike many RPGs, ClubCover has separate limits for each member. It is provided on a monocline basis through an A.M. Best “A” or better rated insurance company, and can sit atop underlying coverage of any insurer with an A.M. Best “A-” VI rating or higher.
“Considering that an estimated 85 percent of golf and country clubs may be underinsured, there is a real need in the industry for a cost-effective umbrella liability policy with adequate limits,” said Philip J. Harvey, president of Venture Insurance Programs.
ClubCover’s three-step “Quick Indication” process is available at www.clubcover.com, giving agents and brokers an immediate, non-bindable premium response for $25 million limits.
An underwriting referral may be required for certain types of exposures within the club (horseback, skiing, day camps, etc.).
Insurance protection for Herbicide/Pesticide is available up to $10 million without a referral. Directors & officers (D&O) liability and employment practices liability Insurance (EPLI) is available up to $10 million.
Source: Venture Insurance
Topics New Markets
Was this article valuable?
Here are more articles you may enjoy.
Applied Systems, Comulate Spar Over Trade Secret Theft Allegations 
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability 
Airline Pilots Hide Mental Health Struggles to Keep Flying 
Litigation Finance Hits a Wall After Bets on Huge Gains Falter 
