If you’re a parent new to PTA, PTO, or Booster Clubs, you may learn your group needs general liability insurance coverage and wonder what it is and how to get it. General liability insurance is insurance for events your parent-teacher groups put on. Parent-teacher events like fun runs, carnivals, cookouts, and fundraisers. This coverage helps insure your PTA, PTO, or Booster Club from legal action if someone is injured as a result of your event. In fact, the facility you choose as a venue for your event may require you to provide proof of general liability coverage. General liability insurance comes in two forms: annual and single event coverage. To help your group decide whether annual or single event general liability coverage is right for you, we’ve put together information about how the two compare.
Annual General Liability Coverage for Events
Annual general liability insurance is the most common coverage we provide to PTAs, PTOs, and Booster Clubs. So, we do a lot of work to make the coverage as tailored and affordable for our parent-teacher groups as possible. Compared to single event insurance coverage, annual general liability coverage has some significant benefits. The biggest benefit to annual general liability insurance is that it covers your PTA, PTO, or Booster Club for an entire year of school events and fundraisers. There’s no additional cost for additional event coverage throughout the year. More importantly, there’s never a risk your group will forget or run out of time to obtain single event coverage beforehand. Annual general liability coverage makes it easy to ensure your event is always covered.
In addition to peace of mind, annual coverage is less expensive than you might think. Starting at $65/year, annual coverage is easy on your parent-teacher group’s bank account. We want to make sure as much of your group’s money as possible goes into bettering your school and improving the students’ educational experience. AIM can also work with you to create a customized annual insurance plan that will cover your parent-teacher group for all its activities, not just events. In addition to general liability insurance, AIM offers embezzlement insurance to protect your group’s finds from theft, property insurance for fundraising supplies and group property like popcorn poppers, and directors and officers insurance to insure your officers’ actions and statements.
PTA, PTO, and Booster Club members often decide against annual coverage when they only plan to hold one or two events all school year. While annual coverage starting at $65/year is inexpensive, you could be overpaying. Remember, single event insurance general liability coverage doesn’t provide your parent-teacher group wiggle room for last-minute event additions. You will have to purchase additional single event insurance.
Single Event Insurance (One Day Event Insurance)
A significant benefit of one day event insurance, general liability coverage is the financial flexibility it offers parent-teacher groups. Suppose your PTA, PTO, or Booster Club is behind schedule planning, or you have an infectious disease pandemic forcing all your group events into the “maybe” category. In that case, single event coverage could be the right fit. The flexibility of one day event insurance coverage makes it easy, purchase it whenever you need it. The flexibility is also helpful if your group’s coffers are running a little light at the start of the school year. Simply add purchase single event insurance, general liability coverage from AIM to your event checklist, and you’re set.
AIM’s one day event insurance coverage easily meets the insurance mandates for most facilities your PTA, PTO, or Booster Club could want to hold an event. In addition to general liability coverage, AIM single event insurance also offers insurance for organization property. So your group’s fundraising merchandise, raffle items, and equipment are covered for an event lasting up to four contiguous days. Single event coverages include event setup and breakdown. Just in case a volunteer or piece of group property gets injured before or after the event.
Which General Liability Coverage is Right for Your Group?
Most PTA, PTO, and Booster Club members of the AIM family decide on annual general liability insurance. But, for your group, the decision will be between financial flexibility with finite coverage or all-year, customizable event coverage for a set rate. If there’s a chance your parent-teacher group will need to cover more than 1-2 events, we think your group will best benefit from annual, general liability coverage.