- Eight international and national fraternity member clients of James R. Favor & Company (JRFCo) today announced they are forming a consortium to implement the Fraternal Health & Safety Initiative (FHSI) to fight the most pressing social issues facing college campuses today: sexual and relationship misconduct, binge drinking and hazing. Through the FHSI, the consortium members will take immediate action beginning in the 2014-2015 school year to educate undergraduate members of their fraternities to prevent, identify and intervene against these behaviors.
Additional Insurance Resources for HC Directors and UG Officers
The RMF is pleased to provide you with a link to the brand new website for Sigma Chi's insurance brokerage firm, Favor and Company, Inc.
RMF Insurance Program Hazing Exclusion
Many of you are aware that hazing is not covered under the Risk Management Foundation insurance policy. Specifically, the policy states:
It is hereby understood and agreed that this insurance does not apply to BODILY INJURY, PROPERTY DAMAGE and/or PERSONAL INJURY arising directly or indirectly out of HAZING.
Understanding Certificates of Insurance
Certificates of Insurance (COIs) are critical as the process of providing a certificate of your insurance to another party may be the last chance you have to apply risk management techniques to a given exposure or potential loss situation.
Understanding the Volunteer Protection Act
The Federal Volunteer Protection Act, 42 U.S.C. § 14501, took effect in September 1997. Its purpose is to protect volunteers from liability from their acts while performing services for nonprofit organizations without compensation.