Trevor Slater District Insurance Officer 9780 May 2005

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Trevor SlaterDistrict Insurance Officer
9780May 2005
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INSURANCE HISTORY

• One farmer dies and his fellow farmers decide to
  give financial support to his family
• Farmers decide to contribute funds to a pool that
  would be used to help families if one of the
  farmers dies
• Life insurance is born

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TODAY

• Actuaries use statistical information such as
  mortality tables to calculate
• the likelihood of an event occurring
• the possible cost of an event
• the total amount needed
• the amount each person covered by the insurance
  needs to pay the premium

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PROBLEM

• There are over 35,000 Rotarians in our region
  undertaking a diverse range of activities
• How does an actuary calculate the premium to
  cover all Rotarians and volunteers for
• Personal injury
• Property
• Travel
• Public Liability
• Officers Liability

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HOW TO HELP

• Reducing the likelihood of an event happening
  that could lead to a claim thus potentially
  increasing the premiums
• Achieved by undertaking a risk analysis for every
  event your club undertakes no matter the size
• 2 sets of guidelines to reduce risk in the
  handout (Thanks to Terry Harbour - Mt Gambier
  Lakes)

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REDUCING RISK

• In very simple terms a risk assessment
• Identifies a risk that may lead to a claim
• Sets out steps to take to reduce that risk
• Informs participants of the identified risks and
  the steps put in place to reduce the risk
• It also indicates if the level of risk is
  acceptable to the club conducting the event

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COVER PROVIDED 2004/5

• Who?
• All Clubs, Rotarians, families, volunteers and
  participants taking part in a Rotary event

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COVER PROVIDED 2004/5

• Property
• owned by the club or when the club is responsible
  for the property
• 50,000 cover
• 500 or 1,500 excess

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COVER PROVIDED 2004/5

• Personal Accident and Travel
• Death and disablement benefits including income
  replacement
• Medical in Australia to 3,000
• Travel cover is for over 50km
• 90 days cover including up to 60 days private
  travel
• Nil excess (7 days for income repl.)
• Excludes war, self-injury, childbirth, HIV/AIDS

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COVER PROVIDED 2004/5

• Legal Liability (Public Liability)
• Official Rotary activities
• 20M cover
• Does not cover contractors unless they have
  cover - 10M
• 5,000 excess
• 10,000 excess for market stallholders who dont
  have their own cover

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COVER PROVIDED 2004/5

• Public Liability Contd
• Excludes..
• rodeos,
• railways (not model train rides),
• all animal rides,
• childcare, molestation,
• martial arts activities,
• firearm activities,
• motor racing,
• building erection or demolishing over 250K

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COVER PROVIDED 2004/5

• Association Liability
• In simple terms covers District for liability
  incurred for such things as libel or slander,
  wrongdoings by office bearers, theft of funds etc

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WHAT TO DO

• In all cases contact the DIO
• Answer questions about the policy with reference
  to the Broker
• Supply of Certificates of Currency
• Supply of claim forms
• Process claim via Broker
• Note The DIO does not provide financial or
  insurance advice

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Making a Claim
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CONTACT DETAILS
Trevor Slater 21 Berry Street Ballan 3342 (03)
5368 1504 home [phone] work 0422 55 00 72
mobile tslater_at_fics.asn.au