I'm a new treasurer and just reviewed our insurance recently. I'm not sure on the history, but it looks like they have had insurance for many years. Basically two policies. The first is a crime policy which basically covers the PTO in the event the treasurer steals money. The second is liability policy that covers PTO activities. It does exclude decisions made by board members(I think he called it directors and officers coverage), which leaves the board members with exposure for liability. The agent indicated that the board members are likely covered under their personal homeowners or personal liability insurance, but obviously each individual would need to confirm that.
Our PTO had its first meeting last evening and one of the concerns brought up was insurance to
cover those on the board should something happen
to someone at a PTO function of some sort. What are the thoughts on this? Who has insurance..if so is it an Umbrella Policy? Why did you choose to get insurance coverage? I appreciate any
assistance with this one ~~ I want to be able to go back to the board with solid ideas & info.
