St.Albans City ABC
Insurance Details Policy
St.Albans City ABC is committed to ensuring the safety and security of all its members, staff, and visitors. This Insurance Details Policy outlines the club’s insurance coverages, demonstrating our commitment to responsible management and safeguarding our community and assets. This policy details the types and extent of insurance coverages St.Albans City ABC maintains to cover its operations, facilities, and activities.
Insurance Coverage
Building Insurance
St.Albans City ABC holds building insurance that covers damage to the club’s physical premises and facilities from fires, floods, and other significant incidents. This insurance is crucial for protecting the club’s capital investments and provides for repairs or rebuilding necessary after such events.
Public Liability Insurance (PLI)
The club maintains its public liability insurance coverage of up to £10 million. This insurance covers legal liabilities for injury to third parties or damage to third-party property arising from the club’s activities, ensuring protection during all events, training sessions, and other club functions.
England Boxing Insurance
St.Albans City ABC is insured under the England Boxing Insurance Scheme, which provides comprehensive liability coverage for all club-affiliated boxing activities. This insurance protects against claims about injuries sustained by participants and spectators and other risks specifically associated with boxing.
Purpose of the Insurance
Compliance and Assurance
To meet the legal and operational standards required by governing bodies and to assure members, staff, and partners of the club’s stability and professionalism.
Asset Protection
To secure the club’s physical assets against unforeseen damages, thus ensuring that club operations can continue with minimal disruption in case of significant property damage.
Liability Coverage
To protect the club from financial liability resulting from claims of bodily injury or property damage inflicted on third parties.
Insurance Management
Documentation and Records
All insurance policies and related documentation are kept up-to-date and are available for review by the management team to ensure compliance and awareness of coverage details.
Claims Handling
In the event of an incident leading to a potential claim, the club has a procedure for prompt and effective handling, ensuring that claims are processed quickly and efficiently.
Annual Review
The club’s insurance policies are reviewed annually to ensure that coverage remains adequate and responsive to the club’s changing needs and circumstances.
Responsibilities
Members and Staff
Are required to promptly report any incidents that might lead to an insurance claim to the club management.
Club Secretary
Maintains records of all insurance policies and handles communications with insurance providers.
Club Management
Ensures all insurance policies are current, adequate, and compliant with legal and sporting requirements.
St.Albans City ABC’s comprehensive insurance coverages demonstrate our commitment to providing a secure and professionally managed environment for all our members and associates. Maintaining robust insurance policies uphold our responsibility to manage risks effectively and ensure the club’s long-term sustainability and success.