Update to Club Insurance


11th November 2024

Club has paid both Gallagher Insurance as well as the new AON Insurance. Hoping to get a full refund from Gallagher as AON offers a broader insurance option. AON has been organised by the Fed Historic Motoring SA. I believe the club should not have been asked to renew the Gallagher Ins as the Federation was looking into a new provider at the time.

Gallagher Ins     $934.21

AON Insurance    $1,473.67

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Hello again Derek,

 
Kali from the SYP Historic Vehicle Club (South Australia) again. I was just going over our finances and noticed that the club has paid for the new AON insurance as well as this Public Liability Insurance from Gallagher. I'm not sure if you are allowed to advise but I wondered if it would be safe to cancel this Gallagher Insurance and if the new AON insurance covers everything instead?
 
Many thanks.
 
Kind regards,
 
Kali Germein
SYP Historic Vehicle Club 
Secretary / Treasurer
m:    0488 115 929

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Hi Kali

 

Thanks for your email, I have done a general comparison between our covers and Gallaghers for other members and included that below.


As you have paid with us and covered from 01/10/2024 I cant see a reason why you wouldn’t be able to cancel the Gallaghers cover and get a full refund

 

Key points below:

Management Liability

  • Gallaghers are offering a limit of $5M where we are offering a limit of $1M with $2M in the aggregate. The Gallaghers offering is also a combined $5M limit for all clubs where as our offering is a $1M limit and $2M in the aggregate specific to you only.
  • Gallaghers excess seems to be $2,500 for most claims where our excess is nil except for Employment Practices liability, OH&S and Pollution claims which the excess is $2,000
  • Gallaghers are only offering Management Liability where we are offering a larger Association Liability Policy. Management Liability essentially covers the committee for the day to day running of the club. However an Association Liability policy includes:
  • Professional Indemnity – covers you for any general information provided to members or the public. Also covers you for your duty of care, libel or slander etc
  • Association Liability – Professional Indemnity and Management Liability responds to claims against individuals only. Association Liability responds to claims against the club as a whole. This could include contractual breaches, legislation requirements, statutory liability etc
  • Employment Practices Liability – cover extends to volunteers as well and covers bullying, harassment and discrimination
  • Fidelity – theft of funds or money by a member of the club

 

Public Liability

  • There is no difference to cover as it is provided by the same insurer. As above I am raising this with SLE as this shouldn’t be available to Gallaghers

 

Volunteers Personal Accident

Below is key differences available under the Aon policy not available under Gallaghers

  • Nil age limits (Must be able to follow instruction and work independently)
  • Home Help limited to 52 weeks for those over the age of 65
  • Funeral Expenses: $10,000
  • Out of pocket expenses due to an injury reasonably and necessarily incurred: $3,000
  • Paraplegia or Quadriplegia - Home or car renovation/modification up to: $15,000
  • Professional financial planning advice provided by a qualified financial planner following a claim: $10,000
  • Accommodation & Transport Expenses: $10,000
  • Non Medicare Medical Expenses – 100% of costs up to a maximum of $15,000
  • Nil excess on all claims except medical expense claims. $50 each & every claim.

 

Overall it does seem Aon is offering a broader coverage

 

 

Kind regards,
Derek

 

Derek Turner

Senior Client Manager
Not for Profit & Entertainment / Buying Groups

Director, Aon Charitable Foundation
+612 8623 4070

aon.com.au

Aon
Level 36, 8 Parramatta Square

10 Darcy Street, Parramatta NSW 2150

Australia

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