PTA Insurance Program
Item Number: 100067396
Time Left: CLOSED
Description
This is a package insurance policy that includes four separate policies. The first is a General Liability policy with a $1 million limit. This will protect the PTA if someone is injured at one of your PTA events.
The second policy in this package is a Fidelity Bond with a limit of $10,000. This will protect the money of the PTA in the event that someone embezzles it.
The third Property Policy included in this package has a $10,000 limit and will protect any personal property of the PTA against damage, theft, or natural disaster. This will also cover fundraising merchandise while it is in the possession of the PTA.
The last policy included is an Officer's Liability policy with a $1 million limit. This will protect the officers of the PTA in the event that they are accused of mismanaging or misrepresenting the PTA.
Special Instructions
The Fidelity Bond has two requirements that must be followed to validate coverage.
First, the PTA must conduct an annual audit of the books by an audit committe or a qualified accountant.
Secondly, someone who does not have check signing authority needs to review the bank statement on a monthly basis. This person must sign and date the bank statement at time of review.
These policies would be good for a one-year term.