The annual insurance premium of $150 is due by June 30. Payments received after June 30 are subject to a $25 late fee ($175 total payment). DO NOT PAY AIM DIRECTLY! Your payment must be received by Arizona PTA. If you attempt to pay AIM directly, your payment will be refunded and your insurance will not be renewed until payment is received by Arizona PTA.
If payment is NOT received, coverage will not be provided and a cancellation notice will be sent to the PTA and to any Additional Insured (typically the school or district). No coverage may affect your PTA from holding events on your school campus. This will also affect your Good Standing with Arizona PTA and will result in your PTA charter being dissolved. You can fill out this form and mail in your payment to Arizona PTA or you can fill out the information below and send in your payment via PayPal immediately.
Questions? Please contact us at firstname.lastname@example.org or leave a message at 602-279-1811.
Why does my PTA need insurance?
The number one question that most PTA state board’s face today is "Why does my PTA need insurance?" That’s a great question and one that every PTA should ask itself as an association. There are many misconceptions about insurance when it comes to PTAs. Did you know that you, as an individual member of the PTA or an officer of the PTA could be held personally liable for an accident that occurs at one of your events? Personal Liability means that your personal assets could be at risk if you were sued because of something that happened at one of your PTA events. Are you willing to put your checking account, your savings account, possibly your 401k or even your assets at risk for your PTA?
Insurance not only protects your PTA, but also protects you as an individual; especially when there is limited coverage through your homeowner’s insurance. The Risk Management Guide found in the Leaders Resources section will walk you through the risks that you are exposed to as a PTA, ways to reduce that liability, and how insurance policies can protect your PTA and PTA members should something happen at one of your events.
YOUR PTA INSURANCE
The following items are included with your insurance policy:
A fidelity bond covers losses sustained by a PTA through any fraudulent or dishonest act or acts committed by any of the employees or non compensated elected officers and their successors or any non compensated person who is authorized by an officer to handle PTA monies acting alone or in conspiracy with others.
Commercial General Liability
Commercial general liability insurance provides coverage for a PTA’s legal liability arising from bodily injury, personal injury (false arrest, libel, slander, and other defined injuries), advertising injury, and property damage that results from the PTA’s activities and operations. Generally speaking, school district liability insurance does not extend to PTAs or their activities.
Directors and Officers Liability
Directors and officers (D&O) liability insurance provides protection for claims arising out of the wrongful acts of directors and officers (in making policy and managing the affairs of the unit) that do not fall under the definition of physical injury. Examples of D&O liability claims include:
• Discrimination based on age, sex, race, national origin, disability, etc.
• Improper employment termination
• Breach of contract, e.g., contract disputes with customers, vendors, suppliers, or service providers
• Mismanagement of association funds
D&O liability insurance may provide coverage for the defense costs resulting from covered claims.
For any questions on Insurance Coverage or to purchase additional coverage beyond the basic policy, contact AIM at (800)-876-4044 or visit AIM's website at www.aim-companies.com