A fraternal organization has exposure to the embezzlement, theft or mysterious disappearance of monies arising out of its daily operations. Three areas that should be of concern are:

Employee Dishonesty - Coverage A
Embezzlement of moneys by members put in charge of financial management happens far too often. The policy form is endorsed to not only protect the organization from embezzlement by paid employees but also protect against embezzlement by volunteer employees of the chapter, alumni association or house/alumni corporation.

Forgery and Alteration - Coverage B
Checks are issued on a frequent basis by most undergraduate chapter operations, and the opportunity for forgery or alteration of a check by the recipient is a real possibility. A crime/fidelity policy can be endorsed to protect all entities of the fraternal organization from financial loss due to this exposure.

Theft, Disappearance & Destruction - Coverage C
There are many opportunities within an undergraduate chapter, alumni association or house/alumni corporation operation for moneys to be stolen, destroyed or simply disappear. Coverage is available to protect all entities of the fraternal organization from financial loss due to these exposures.  

A premium indication for coverage can be obtained by contacting:

 

Marketing Department
Willis  
10707 Pacific Street, Suite 200
Omaha, NE 68114
)  1-800-736-4327, extension 4191
2   1-800-328-0522
fraternalinsuranceapp@willis.com