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Two Ways Fraternity Insurance Can Protect Your Organization

Individual actions can be a liability for both universities and fraternities when member students face criminal claims. Even though these institutions might not face a direct legal responsibility, each incident is a high-stakes claim on their moral reputation. However, many fraternities are finding value in pulling together and becoming insured. Here is why fraternity insurance is important.

  • Fraternity dorms are a potential liability many parents won’t expose their college students to. Because of the communal nature of fraternity dorms, all of the hosts and attendees can be potential defendants for physical and sexual assault cases just for being in attendance. This legal situation is increasingly common, can be expensive for individual parents or parties, and can ruin a fraternity’s presence at each college with an incident. Having an insurance policy, especially one with specific coverage for general liability and legal fees, can help protect the integrity of your fraternity.
  • Property damage can happen, and the fraternity name will be attached to it. In the aftermath of parties, whether they’re at a campus or off-site, property damage can be an expensive after-image that, far from just costing thousands of dollars to repair, can cost a fraternity in additional legal fees and reputation. But having insurance that covers property damage and any legal fees needed to address third-party claims, can help your fraternity settle quickly or respond accordingly.

The right fraternity insurance policy not only protects your fraternity in the event of criminal activity; it helps you and your members address claims and legal action. Go to Evolution Insurance Brokers to find the right policy.

Rick J. Lindsey
Rick Lindsey

President, CEO and Chairman