Social and private clubs are usually a place members go to relax, unwind, and enjoy their time. Patrons choose to join member-exclusive clubs to spend time with others that share common interests. Membership-based clubs are easy to find in most cities and include the VFW, Knights of Columbus, The Moose, and the American Legion. Each has a unique mission and way of doing business, but they also are prone to similar risks.
Whether you manage or own a social club, here are the top four potential claims you need to understand and how to protect your business.
There are steps you can take to prevent employee theft including consistent inventory tracking, video cameras, performing audits, and tracking your expenses. Not every strategy is 100% successful, which is why employee theft insurance is a crucial part of your insurance protection plan. Employee theft insurance protects your money and inventory from being lost forever.
The best thing you can do to prevent assault and battery is to actively monitor patrons’ behaviors and conversations. Stop serving alcohol to those that appear intoxicated. Since you can’t control a member’s every move, it is also important to protect yourself with the right insurance. Ask your insurance agent to add assault and battery insurance to your protection plan today.
Liquor liability insurance protects and defends your club in the event you are held responsible for alcohol related incidents like auto accidents.
Worker’s compensation insurance is mandatory in most states and pays medical payments and time off for injured employees. Provide your insurance agent with a list of employees and their responsibilities to make sure you are properly covered.
Each of these potential claims is serious and requires your attention. Schedule a meeting with your insurance agent to review your existing insurance and fill any gaps in coverage with the right insurance protection.