To comply with State Government regulation the Network Insurance Scheme for U3As in Queensland has increased the Public Liability cover to $20 million on any one claim or aggregate. A separate policy includes Association Liability along with Liability cover for Directors, Office bearer and Tutors.
There is no age limit in any of these policies. However, the Volunteers Accident Policy has now been extended to cover volunteer workers up to 95 years of age (previously 80 years).
The current policy for all participating U3As is $2.40 per member. Insurance costs are one of the highest fixed costs U3A has to face. The more U3A groups that join the Network scheme the more we can offer better savings to U3A members.
U3As who wish to become part of the Insurance Scheme must be members of the Network, currently at a cost of 56 cents per member. Full details are available from the Treasurer at firstname.lastname@example.org or please Contact Us.