“Additional Insured” Liability Insurance Program
"Additional Insured” Liability Insurance Program
In spite of State laws intended to protect 501(C)(3) volunteers from liability, it's still possible a lawsuit could be filed against a WMA officer or board member related to accidents that could occur at WMA meetings and events. This could result in substantial legal costs defending the suit, even if it was frivilous. The WMA itself is not protected by the volunteer statutes and could also be sued.
TOWMA carries liability insurance intended to cover these liabilities, and TOWMA member associations can be carried as “additional Insured’s” under this policy, at dramatic savings compared to carrying a standalone policy. The policy provides coverage up to $1,000,000 per occurance and a $2,000,000 General Aggregate Limit. The savings occur because TOWMA and all participating WMAs share the limits of coverage.
Rates are based on the number of members in the WMA, and the number of events covered. The nominal cost of this coverage leaves little reason for any WMA not to protect itself and its volunteers.
Contact a TOWMA officer for more information and to sign up for the insurance.
Disclaimer: TOWMA does not provide legal advice, and while the above general interpretation of the law is based on opinions from an attorney, we make no representation regarding its accuracy. WMAs should consult their own attorney regarding their legal liability.