Insurance Overview - LSV Club Support Manual

It is vital that LSV clubs protect their interests/assets with adequate insurance. There are many types of insurance which may need to be considered, some of which are organised by LSV and some which need to be organised by clubs themselves.

Insurance premiums are probably one of the most onerous financial liabilities that clubs currently face with costs having escalated over recent years, particularly public liability insurance.

a) Public Liability Insurance

Public Liability Insurance acts to protect the club from financial loss caused by an injury to a member of the public or damage to their belongings whilst they are on your property, usually as a result of some form of negligence and brought about by a legal claim against the club or a member of the club acting in their volunteer member capacity

Public liability insurance is currently negotiated on a national level by SLSA for its affiliated clubs and is charged out on a State basis. Presently, LSV’s premium contribution is divided equally amongst clubs and is not based on membership numbers.

Copies of the current “Certificate of Currency” can be obtained from the insurers Marsh and copies are normally required when a club is applying for a grant or seeking permits to hold a special event.

To obtain your Certificate of Currency, please follow the below steps:

Head to this link: Marsh Certificate of Currency
Enter your Club ID (this can be found on the Organisational Details page in Surfguard. It will be a 3 digit number)
Click ‘Next’
Click ‘Download Certificate’

If you are having any problems with this process, or can’t find your Club ID, please contact clubsupport@lsv.com.au

b) Association Liability Insurance and Directors and Officers Legal Expenses Insurance

This insurance covers damages or defence costs in the event of a lawsuit for alleged wrongful acts arising from a member who is acting in their capacity as a Director or Officer of the club.

The premiums related to these policies are invoiced as part of the club’s capitation fees.

c) Workers Compensation and Personal Accident Insurance

This insurance covers all members, including junior members that are injured either whilst undertaking training, competition, patrolling and in normal activities associated with running the Club.

The premiums related to these policies are involved as part of the club’s capitation fees.

For more details, refer to the Section 5.2 Injury Insurance.

d) Marine hull and marine transit insurance

Marine Hull Insurance covers boat motors, inflatable rescue craft and powercraft and is negotiated on a club-by-club basis.

This insurance is also offered through the nationally negotiated insurance broker, Marsh.

e) Building and contents insurance

Building and contents insurance are the sole responsibility of the club. Whilst the national insurance broker can provide a quote on these insurances, clubs are under no obligation to use them and are free to seek their own insurance provider.

Building insurance requirements may vary from club to club e.g. where the clubhouses are owned by a third party, such as the local council/authority. In these instances, clubs should seek a copy of their insurance coverage from the relevant authority.

f) Motor vehicle insurance

Motor vehicle insurance is also the club’s responsibility and may be obtained from their insurer of choice.

g) Other Policies

It is essential that adequate protection is acquired for club assets. Before acquiring insurance, it is important to have an idea of the value of the assets you wish to protect.

There is a range of insurance policies which clubs need to consider taking out, including:

Industrial Special Risks – material loss or damage, fire, theft of property etc
Equipment and Machinery Breakdown – material damage, power surge, electronic breakdown.

Other insurances may be required in specific circumstances, for which clubs are responsible for paying.