CHAPTER INSURANCE POLICIES
In an effort to help CFA Chapters manage operating cost, CFA has established an insurance program to provide both
- General Liability with
Great American Insurance Company.
- Directors and Officers with "The Harford" via ASAE
All CFA Chapters will be listed as additional insured on the CFA
Insurance Policy, therefore saving chapters a considerable amount. The cost of this service is
$500 a year, a significant discount.
Contact Tim Atkinson for more information.
It is extremely important for each Chapter to carefully review all contracts that are entered into in
conjunction with all social events (holiday parties, golf outings, etc.) and all business meetings.
Do not sign letters or agreements containing "hold harmless" or "indemnification" clauses that
require the Chapter to protect parties (such as hotels or golf clubs) from claims arising from the
Chapter's use of such facilities. Such clauses may adversely affect the Chapter's insurance
Do not agree to insurance requirements that include the language "cross-liability
endorsement", "separation of insureds" or "primary and non-contributory" because these phrases
significantly increase your exposure. Also, do not agree to a "waiver of subrogation" unless it is
The general liability policies include host liquor liability coverage for an
open bar. General Liability would extend to all typical chapter events regardless of the number of
events and covers holiday parties, and outings (even golf outings) as long as there are fewer than
144 participants. Extra coverage is necessary if there more than 144 participants at
programs such as golf outings. GAS needs to review events by chapter and there may be
additional premiums charged based participation numbers and event type. Certain designated
activities such as fireworks, musical concerts, aircraft or amusement devices, animal related
activities, boat rides, etc. always require an event questionnaire in advance of the event.
An event questionnaire should always be filed for any program or event about
which there is any question about adequate coverage. Always file a questionnaire for
athletic events or other exceptional programs. The questionnaire puts GA on notice about
an event, and will prompt a request by the carrier for a rider, if necessary. The GA Event
Questionnaire Form follows this section. Many questions may be answered by “not
When booking a social venue, be sure to ask if the establishment has a liquor license and
proper insurance coverage. This is particularly important when booking smaller venues such as
a local restaurant. It is also good practice to ask to have your Chapter added as an "additional
insured" by the owner/ lessor of the event location on its policy. This would add another layer of
Never directly provide alcoholic drinks or hire your own servers.
Similarly, if your Chapter hires a bus with a driver from a bus company for an event, then
prior to the event obtain a certificate of insurance from the bus company on a form known as
Acord 25-S (7/97 Edition). The certificate must indicate the following: general liability
insurance of at least $1 million, including "contractual liability" coverage; automobile liability
insurance of at least $1 million; umbrella (excess) liability insurance; and worker's compensation
insurance. The certificate must name the Chapter as "additional insureds".