Date: July 21, 2020
To: All USA Skål Clubs
From: Arthur Allis, Vice President Finance
Subject:
Participation in the group insurance coverage for
Crime AND Directors & Officers
Skål International USA coordinates optional group insurance coverage for our clubs. It's time once again to learn which clubs wish to participate in the group insurance coverage. Although our renewal date is September 1, 2020, we would appreciate an early response.
In checking with our insurance agent, the expectation is there will be very little, if any, increase in the premiums of these policies.
Currently 39
clubs, participat
ed in this coverage and the annual premiums were $248.09 per club.
Directors & Officers (D&O) coverage is $6,978.00 ($ 178.93 per participating club)
Crime coverage is $2,697 ($69.16
per club).
For example, using the above rates from last year, SI Tucson received an invoice for:
D&O $178.93
C
rime $ 69.16
Total $248.09
Skal USA paid $500.00 for an accident policy which all Skal USA members are eligible for. None of this cost was passed on to the clubs.
Once renewal rates are confirmed for each policy, invoices to each participating club will be sent from Skål USA. P
lease let Sk
å
l USA's Administrators know if you do, or do not, wish to participate in this coverage for September 1, 2020 - August 31, 202
1
by replying to
skalusaadministrator@skalusa.org
with a "yes" or "no". Please respond as soon as possible so we can finalize the policies.
Art Allis
Skal USA VP Finance
