WIA announces attractive club
liability insurance deal
WIA President, Michael Owen, VK3KI, announced at the last WIA South Australian
and Northern Territory Division meeting and dinner on 26 November 2004
that the WIA had been successful in obtaining liability insurance to cover
the WIA and available for its Affiliated Clubs.
Michael stressed that it was fundamentally important that the liability
cover really met the needs of the clubs and provided adequate cover.
The insurer was QBE Insurance (Australia) Limited and Mercantile Mutual
Insurance (Australia) Limited, very respected and very substantial insurers.
An important feature was that it was completely clear that not only the
club, its officers and employees were covered, but also each member of
the club was also covered while engaged in club activities. Indeed, volunteers
who are not members of a club but helping at a club function were also
covered. The liability of a member to another member was also covered,
unlike many similar policies.
The cover was $10 million, though that sum could, if it was essential,
be increased.
The premium was also attractive. There was a base premium of between
from about $122 to about $134, depending on the state, as stamp duty varied
from state to state.
Then, a sum per club member of between from about $1.22 to $1.31, again
depending on the state, was added.
But, what was important and exciting was that the premium per member
was not required for any member of a club who was already a WIA member,
either as a Full Member or a Provisional Member.
Michael said that the attractive terms were secured because the WIA was
accepting responsibility for much of the administration of the scheme,
and there was a single policy, both factors reducing the insurers and
brokers administration costs.
The policies would commence on 1 February next year, and the WIA would
be soon writing to every club, inviting them to complete a form applying
for Affiliation, based on the criteria that had been announced last week,
necessary for the liability insurance for Affiliated Clubs, and also inviting
applications from the clubs to be included in the WIA/Affiliated Clubs
liability insurance.
"The WIA hopes that as many clubs as possible will be able to join
the scheme by 1 February, and in considering whether to cancel existing
cover, it was extremely important that the clubs consider whether the
policy offered by the WIA provided better cover, as well as looking at
the cost. Only the clubs could do that, as the WIA did not know their
existing cover, nor was it qualified to make such a judgement," said
Michael.
He stressed that the WIA was doing this as a service to clubs, acknowledging
the serious concern of so many clubs and the promises the WIA had made
to the clubs. He said that the WIA did not receive any commission or other
benefit for insurance cover taken by the clubs.
Source: Wireless
Institute of Australia
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