Whatever the budget comes down to, be transparent with the membership and clearly define the reality of the club’s operating and capital needs. The news may not be welcome; however, it’s important to remind everyone that no one ever saved their way to prosperity. Here we go again. As the leaves move from turning colors to falling off the…
Accounting for Loss
Bogey Hills CC is on a fast track to recovery from a devastating clubhouse fire. Along the way, its owners have learned valuable lessons about sound insurance practices that every club should follow.
Hanging In There
Risk management for club and resort operations continues to grow in complexity as the scope of properties’ activities expands. But valuable resources are at managers’ fingertips, to help keep potential problems at bay.
Caught in the Vortex?
After many clubs settled in for a long winter’s nap, the deep reach of arctic cold opened their eyes to new risks that can quickly freeze operations at unprepared and underinsured properties.
Taking Proper Cover
SUMMING IT UP Properties should be as diligent in anticipating how claims can occur as in determining what should be protected. Insurers specializing in club policies can often provide additional riders to cost-effectively cover special or new exposures. As fitness continues to grow as a club amenity, so too do the exposures that are added…
When It Comes to Insurance, Why Risk It?
Clubs’ new nature and a changing insurance climate make it more important than ever to properly assess, and correct, exposures throughout the property.
New D Insurance Coverage Program for NCA Members Program
The National Club Association, Washington, D.C., is pleased to announce that effective September 1, 2010, NCA is offering D and Fiduciary coverage through Bollinger, a Short Hills, N.J. leader in providing insurance products and services to the club industry. This program replaces NCA’s earlier D program because the previous carrier made a decision to exit…
Closing the Ranks
Regular attention to risk management and loss control is the best way to get a grip on operating costs and avoid costly disruptions.
Covering All Bases
A solid partnership with its broker and carrier has helped a golf management firm insurance-related issues smoothly and maintain its fast pace of growth.
Preferred Club Program Expands Coverages
Venture Insurance Programs, a national program administrator and leader in the design and underwriting of select industry-focused insurance packages, has broadened the Property, General Liability and Automobile coverages of its Preferred Club Program®. Highlighting the program improvements are Property enhancements, including: • Increased tree, shrub & plant limits to $5,000 per tree, with a $250,000…