Venture Insurance Programs (www.ventureprograms.com) has announced that the Club Managers Association of America (CMAA) will have exclusive rights to distribute Venture’s ClubCover umbrella insurance product to clubs managed by its members.
ClubCover is a mono-line umbrella liability coverage for golf and country clubs offering a $25 million limit, cost-effective premiums and a fast, easy online system. It is offered on an admitted basis through a risk purchasing group (RPG), utilizing a master policy with each member receiving a certificate of insurance with separate limits of liability for each member.
ClubCover will be distributed by CMAA to its members and administered by Venture Programs through an A.M. Best “A++ (XV)” rated insurance company. Coverage can sit atop a club’s underlying coverage of any insurer with an A.M. Best “A-” VI rating or higher.
“There is an important need for additional insurance coverage throughout the club industry, so we are very pleased to join with an industry leader like CMAA to make this Umbrella Liability policy available exclusively for their members,” said Philip J. Harvey, President of Venture Insurance Programs. “CMAA members have access to umbrella coverage with high limits, very affordable premiums and an easy online ‘Quick Indication’ system.”
ClubCover’s three-step “Quick Indication” process is available at (www.cmaa.org/clubcover),
giving clubs and their agents and brokers an immediate, non-bindable premium response for $25 million limits. An underwriting referral may be required for certain types of exposures within the club (horseback, skiing, day camps, etc.).
“Finding out what your insurance covers after you make a claim is not sound management,” shares CMAA CEO Jim Singerling, CCM, CCE. “CMAA is pleased to bring this exclusive offering to our members and their club facilities.”
Insurance protection for Herbicide/Pesticide is available up to $10 million without a referral. Directors & Officers (D&O) Liability and Employment Practices Liability Insurance (EPLI) is available up to $10 million.
About Venture Insurance Programs
Venture Insurance Programs (www.ventureprograms.com) is a leading program administrator that designs, underwrites and distributes industry-specific insurance packages including its flagship Preferred Club Program. Based in West Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups. Founded in 1993, Venture provides specialty insurance packages for select vertical industries—including golf and country clubs, golf destination resorts, hunting and fishing lodges, casinos, hotels, restaurants, marina operators and technology and bio tech firms.
The Club Managers Association of America is the professional Association for managers of membership clubs. CMAA has close to 7,000 members across all classifications. Manager members run more than 3,000 country, golf, city, athletic, faculty, yacht, town and military clubs. The objectives of the Association are to promote and advance friendly relations among persons connected with the management of clubs and other associations of similar character; to encourage the education and advancement of members; and to assist club officers and members, through their managers, to secure the utmost in efficient and successful operations.
About The Club Foundation
The Club Foundation supports the advancement of club management professionals, funding industry education programs through scholarships and grants.