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PMI INSURANCE OVERVIEW

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Program Overview

    • Program Overview
    • Purpose of Insurance
    • Policy Information
    • General Liability Insurance
    • Directors & Officers (D&O) Liability Insurance
    • Media Liability Insurance
    • Event Checklist Form
    • Liquor Liability
    • Athletic Event Participation
    • For Your Information…

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Program Overview

  • PMI Finance & Legal Departments evaluate and examine exposure to risk annually.
    • The Safegard Group, Inc. (Broker) works with PMI to identify the coverage needed for PMI chapters.
  • Chapters must maintain liability insurance coverage
    • Stated in Chapter Charter Agreement
  • PMI provides General Liability, Directors & Officers (D&O) Liability, and Media Liability coverage
    • See Insurance Summary and FAQ for details regarding coverages.
  • Current policies provide coverage through May 2023 except the NA Chapter General Liability (January 2023)

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Purpose of Insurance

  • To protect the chapter, its board and its members from possible claims during chapter functions or in conducting chapter business.
  • Not intended to subsidize the cost incurred from internal governance disputes.
    • i.e. Chapter vs. Chapter/Board Member
  • In today’s market, insurance:
    • Is becoming more difficult to buy
    • Premiums are more expensive
    • Exclusions and restrictions are becoming more common

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Policy Information

General Liability

American Casualty Co.

    • Covers PMI Chapters in:
      • The United States
      • Puerto Rico
      • Canada

ACE American Insurance

    • Covers PMI International Chapters

Media Liability

Capitol Indemnity Corporation

    • Covers all PMI Chapters

Director’s & Officer’s Liability

Continental Casualty Company

    • Covers all PMI Chapters
    • Coverage extends to:
      • Board Members
      • Volunteers
      • Committee Members
      • Branch Officers/Trustees
    • Does not include:
      • Employee Dishonesty
      • Embezzlement
      • Other Illegal Actions

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General Liability Insurance

General liability insurance cover chapters against:

    • Bodily Injury
    • Property Damage
    • Personal Injury
    • Advertising Injury

See Chapter Insurance Summary and FAQ for coverage details and examples.

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D&O Liability Insurance

When working on behalf of the chapter, covers:

    • Chapter Board Members
    • Volunteers
    • Committee Members
    • Branch Officers/Trustees

D&O coverage protects against:

    • Alleged Violations of Fiduciary Duties
    • Negligence
    • Personal Injury (i.e. slander, defamation, etc.)
    • Violation of antitrust and other federal and local laws.

See Chapter Insurance Summary and FAQ for details

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Media Liability

Covers all PMI chapters

Covers chapters for:

    • Media and publishing activities
    • Chapter websites

Covers the following broad areas:

    • Defamation
    • Invasion of Privacy
    • Infringement of Copyright
    • Plagiarism

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Event Checklist Form

Used by PMI and Insurance Broker to:

    • Internally track events and insurance/coverage requests
    • Ensure that events are adequately covered
    • Advise chapter leader/event planner
    • Process and distribute Certificates of Insurance

Chapter volunteers should always check with the meeting site/venue to ask if they require Event Checklist Form.

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Liquor Liability

Chapters are covered, as long as:

    • No chapter/board member or volunteer is serving alcohol
    • The chapter is not profiting from the sale of alcohol
    • Are not “in the business of selling or manufacturing alcoholic beverages”

A third way vendor should ALWAYS be used when alcohol is being sold or distributed

If the chapter is serving alcohol or profiting from the sale of alcohol, additional Liquor Liability Coverage must be purchased

Additional coverage can be purchased in the form of a Special Events Policy

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Athletic Event Participation

Participants in athletic events and contests (i.e. golf tournaments, tennis tournaments, etc.) are excluded from coverage.

Participants should complete and sign Athletic Event Participation Waiver.

    • During pre-registration, on-site or registration pick-up.

Chapter should keep these for their records.

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For Your Information…

For specific questions, contact Chris Mairs, Global Chapter Support Analyst

    • Chris.Mairs@pmi.org
    • (610) 356-4600, ext. 7075

Chapters are free to obtain insurance on their own, at their own expense

    • Please notify your chapter administrator so that it can be documented.

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Questions???

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Thank You!

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