Insurance
501c3 Menu
Overview
Creating a New Organization
- Questions to Answer Before You Commit
- Creating Your Own Identity Overview
- Life Cycle of a Public Charity
- Incorporation of a Non-Profit Organization
Following the Rules
- Authoritative Guidelines Overview
- District Board Policy GE (Local)
- University Interscholastic League (UIL) Booster Club Guidelines
- UIL Brochure
- State Regulatory Information
- Federal Regulatory Information
Taking Care of Business
Day-to-Day Responsibilities
- Overview
- Accounting Procedures
- Bank Accounts
- Receiving Contributions / Donations
- Giving Contributions/Donations
- Facilities Use/Rental
- Financial Aid Guidelines
- Flyers
- Fundraisers
- Fund-Raising for Individuals or Families
- Insurance
- Mailing Address
- Members
- Membership Dues
- Money Handling Procedures
- Paying and Reporting of Workers (District Employees or Others)
- Raffles
- BINGO
- Record Retention
- Sales Tax
- Student Fines and Fees List
- Treasurer's Report
- Volunteering
Insurance
The Booster Club should consider purchasing general liability insurance to protect the Booster Club in case of accidents or injuries. If general liability insurance is not purchased, the Booster Club should consider purchasing event insurance when holding a carnival or other similar event.
In addition, a fidelity (bond) coverage policy should be considered to protect its funds from embezzlement (internal theft.) This insurance policy would not protect the Booster Club from robbery or outside theft.