Explain the differences between the various insurance policies such as Medical Expense, General Liability, Directors & Officers Liability, Crime, and Equipment?
The $100,000 Accident Medical Expense policy pays medical bills on behalf of injured participants. The coverage is “excess” which means that other collectable insurance such as parent’s health insurance must respond first before the “excess” Medical Expense policy will pay any bills. In the event that there is no existing insurance in force on the injured participant, the “excess” Medical Expense policy become “primary” and pays up to the limit of $100,000 subject to the $50 deductible. The $1,000,000 General Liability policy protects the sports organization and its people against lawsuits alleging injury to a spectator or player. This policy provides an attorney for your defense and will pay up to the policy limit in the event of settlement or jury verdict. The $1,000,000 Directors & Officers Liability policy protects the sports organization and its people against lawsuits alleging discrimination based on age, sex, race, or handicap; wrongful suspension or termination of league person
Related Questions
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