Official Insurance Provider of the Federation of Calgary Communities
OUTLINE OF THE FEDERATION OF CALGARY COMMUNITIES
INSURANCE PROGRAM
Please note:This is an outline only Coverage is subject to the terms and conditions of the actual
insurance policy and your renewal declarations.
SECTION ONE – PROPERTY AND LOSS OF REVENUE
Property Covered:
A.All Property now owned by the Insured (refer to Statement of Values) or newly acquired property
B.The Insured’s legal liability for property of others in the Insured’s custody
C. Property In-transit
Perils Insured Against:
The policy insures against “All Risks” of physical loss or damage.
Deductible:
$1,000.00 All Losses Except for:Flood with a $25,000.00 Deductible and;
Earthquake with a 3% of loss or minimum $50,000.00 deductible
Perils Excluded:
-Mechanical Breakdown (resulting damage is covered)
-Electrical injury or disturbance from artificial generated electrical current, including arising.
-Loss or damage caused by steam pressure vessels.
-Ordinary wear and tear, rust, corrosion, mould.
-Normal settling, shrinkage or expansion of foundation walls, floors or ceiling.
-Disappearance/ Shortage Disclosed After taking inventory.
-Seepage or leakage of water derived from natural sources through walls, doors, or windows.
-War or contamination by radioactive material.
-Terrorism and Mould Exclusion
Property Excluded:
-Aircraft
-Motor Vehicles licensed for highway use
-Furs, precious stones, gold
-Damage to property while being repaired or serviced.
-Motorized watercraft unless scheduled on Statement of Values
Extensions to the Program:
Replacement Cost Coverage-Replacement of damaged or lost property without deduction
for depreciation.
Agreed Limits of Insurance-No penalty for underinsurance (subject to Statement of Values)
Property Away from the Main Location-$50,000.00 of your property is covered at an unnamed location in
Canada or U.S.A. and also while in transit up to $25,000.00.
Building Ordinances and By-Laws-By-Laws, ordinances or laws could increase your loss and
therefore additional coverage is provided for this.
Lock Replacement Coverage -If your building keys are stolen during break-in to your premises,
your policy provides up to $1,000.00 to re-key or replace your locks.
Loss of Revenue
A)At your premises:
As a result of a loss covered on your property, you would be paid for loss of expected (normal) Income;
B)At an off premises location (ie: bingo, casino):
As a result of physical loss or damage to their property, your resulting loss of revenue would be covered.
SECTION ONE - CRIME
Employee (Volunteer) Dishonesty
Protect you against loss of money, securities or other property through larceny, theft, embezzlement, forgery or other dishonest acts committed by an employee(s) / Volunteer (s).
Loss of Money or Securities
From a covered cause of loss within the premises or within any banking premises. Also, from outside your premises enroute to or from a bank or within the living quarters of someone in charge of the property.
SECTION ONE - GENERAL LIABILITY SECTION
This coverage protects your association/society for its financial responsibility under Common Law and Statutory Law for injury or death of one or more people, and for damage to property of others.
The pertinent point of this coverage is that you have to be “legally” responsible according to a judge or jury before the policy will make payments, however, under the terms of the policy, if you are not responsible, they will pay all court costs to defend you.
Special Note:- All your premises are covered.
- No Participants Exclusion
- All operations of your organization are covered.
- All volunteers and employees are covered.
- Non-Owned Automobile coverage included.
Deductible:$1,000.00 Property Damage Claims only
SECTION TWO - DIRECTORS’ AND OFFICERS’ LIABILITY
(Non-Profit Management Assurance Policy)
As a Director or Officer of a non-profit organization, you may be personally liable for such things as:
-Employee discrimination
-Wrongful dismissal
-Breach of fiduciary duties
-Enforcement of association or governmental regulations
-Improper advice or supervision
-Mismanagement of funds
-Acts of employees and volunteers while under the direction of a director or officer
It has been traditionally believed that the Directors and Officers of non-profit organizations have little liability exposure for their activities or for
the decisions made on behalf of the organization. This is not the case, as evidenced by the increasing numbers of legal actions being brought
against directors and officers of non-profit organizations.
Government bodies, employees, suppliers, contractors, customers and public activist groups, are instigating claims. Generally, the
public is becoming more aware of the responsibilities of Directors and Officers with the result that their activities are being more closely monitored.
It is not uncommon for many claims to be unjustified or unfounded, however the costs associated with their investigation and defense are often
substantial. This insurance covers these, sometimes substantial, defense costs, as well as any amount for which the Director or Officer is found liable (subject to the limit of liability).
This coverage will pay for any loss which any or all of your Directors or Officers become legally obligated to pay as a result of any error, breach
of duty, neglect, omission or other act done or wrongfully attempted by them on behalf of your association.
Deductible$1,000.00
SECTION THREE - EQUIPMENT BREAKDOWN
This valuable form of Insurance Protection (which is excluded under the Property Section) provides for loss, which arises through the sudden
and accidental breakdown of “insured equipment”; (i.e.; boilers, pressure vessels, air conditioning equipment, mechanical and/or electrical equipment).
Breakdown is described as a failure of the Insured equipment, machine or part, which shows itself at the time of loss, by physical damage, which necessitates repair or replacement. However, wear and tear or corrosion of a part is not covered, whilst resultant damage is.
“Unlimited” coverage is provided for: - Property Damage
- Loss of Revenue
- Professional Fees
Spoilage is included up to $25,000.00 for the replacement of property, which spoils soley as a result of a “breakdown”.
Deductible:$1,000.00
SECTION FOUR - PERSONAL ACCIDENT INSURANCE SECTION
Personal Accident coverage is available to all members of your Community Association in the event of an accident while participating in
sanctioned activities.
(I)Lump sum payments in the event of death or major loss
Principal Sum = $10,000.00
When injury results in any of the following losses within three hundred and sixty-five (365) days after the date of the accident, the
Insurer will pay:
For Loss of
Life………………………………………………………………………………………………………..The Principal Sum
The Entire Sight of Both Eyes…………………………………………………………………….…..Two Times the Principal Sum
Speech and Hearing in Both Ears…………………………………………………………………….Two Times the Principal Sum
The Entire Sight of One Eye…………………………………………………………………………..One and One Third Times the Principal Sum
Speech or Hearing in Both Ears………………………………………………………………….…..One and One Third Times the Principal Sum
Hearing in One Ear……………………………………………………………………………………..Two Thirds of the Principal Sum
All Toes of One Foot……………………………………………………………………………………One Half of the Principal Sum
For Loss of Loss of Use of
Both Hands and Both Feet…………………………………………………………………………….Two Times the Principal Sum
One Hand and One Foot……………………………………………………………………………….Two Times the Principal Sum
One Hand and the Entire Sight of One Eye………………………………………………………….Two Times the Principal Sum
One Foot and the Entire Sight of One Eye…………………………………………………………..Two Times the Principal Sum
One Arm or One Leg……………………………………………………………………………………One and One Half Times the Principal Sum
One Hand or One Foot…………………………………………………………………………………One and One Third Times the Principal Sum
Thumb and Index Finger or at Least Four Fingers of One Hand………………………………….Two Thirds of the Principal Sum
For Total Paralysis of
Both Upper and Lower Limbs (Quadriplegia)………………………………………………………...Two Times the Principal Sum
Both Lower Limbs (Paraplegia)…………………………………………………………………….….Two Times the Principal Sum
Upper and Lower Limbs of One Side of Body (Hemiplegia) …………………………………….…Two Times the Principal Sum
(ii)Weekly Income - Injury as a result of an accident
A maximum of benefit of $210.00 per week is payable if you are injured while participating in a covered event. The insured
must be totally disabled by the injury, unable to perform any of the tasks of their occupation and under the regular care of
and attendance of a physician. The maximum benefit payable will be calculated so that income replacement from all sources
will not exceed 75% of pre-injury earnings. Benefits would be payable for a maximum of 52 weeks.
(iii)Medical Expense Reimbursement
A maximum benefit of $10,000.00 per injury is available.
Eligible expenses include:
-private duty nursing
-ambulance services to nearest hospital
-semi-private/private hospital accommodation charge
-rental of wheelchair, iron lung, etc…
-licensed physiotherapist or certified athletic sports therapist
-prescription drugs
-crutches, splints, trusses, braces, etc…
(iv)Accidental Dental
A maximum of $5,000.00 is available for injury to whole and sound teeth ($1,000.00 maximum for any contact sports).
(v)Additional Benefits – as per policy conditions
Coverage is also provided for various expenses as indicated:
-Fracture Benefit - lump sums available to $1,000.00 (Increased from $500 to $1,000)
-Emergency Taxi Expense - maximum $50.00/incident
-Rehabilitation Benefit - maximum $5,000.00 (increased from $3,000 to $5,000)
-Dentures – maximum $500
-Eyeglasses – maximum $100
-Tutorial Fees - maximum $2,000.00
This summarizes in non-technical language the terms and conditions of the program.
All rights and obligations are determined in accordance with the Group Policy.
YOU AND YOUR INSURANCE BROKER
The smooth and successful operation of an insurance program requires the attention of YOU, the insured, your insurance broker, and
insurance companies. An insurance contract is an agreement of an intangible nature and is just an expensive piece of paper that does not
mean very much - until there is a loss!
The insurance broker is the catalyst in the insurance transaction. He acts as your insurance buyer or risk manager. The Broker, because
of his extensive contact with other clients and a multitude of insurance companies, is in a position to extend invaluable knowledge to his
clients.
WHAT DO WE (AS BROKERS) EXPECT FROM YOU, THE INSURED?
1.To go over policies carefully and read them so as to arrive at a reasonable understanding of the coverage’s.
2.To permit the broker to obtain all-important facts so that he may offer correct advice and obtain the most
suitable and competitive coverage.
3.Immediately notify your broker of any new assets or operations.
4.Promptly provide information required by reporting policies.
5.Advise the broker of all changes that are material to the risk. Failure to comply may prejudice a loss settlement.
6.When suggested, a proper appraisal of physical assets should be obtained. This reduces the risk of over or
under-insuring.
7.To establish, with your broker’s guidance, the framework within which your insurance program will be operated.
8.To carefully review recommendations and uninsured hazards. You should expect an honest assessment of these
from your broker; this is his duty.
WHAT SHOULD YOU AS THE INSURED EXPECT FROM YOUR BROKER?
1.Expect him to deal only with reputable and financially stable insurance companies and to conduct his business in
an honest and trustworthy manner.
2.Expect him to check policies carefully to be certain that the intent of the coverage is followed closely.
3.Expect him and your insurance company to provide a loss control inspection service and to assist you in
establishing your own loss prevention program.
4.Expect him to make a complete survey or audit of your insurable risks and requirements.
5.Expect his claims department to assist you with the settlement of losses.
6.You should not expect your broker to make appraisals or to provide legal or other professional advice
beyond insurance advice.
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