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Thread: 5A. Discussion Items - 4. CFC and FQE agreement update

  1. #11

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    Not sure how that would extend to the CFC, but the FQE has very good insurance (I think they are available to all members of the Quebec Leisure and sports association). What is great about it is that affiliated clubs are also covered. So, for instance the McGill Chess club pays something like $30 a year to the FQE to be affiliated and in exchange, has access to all its insurance coverage in case something goes wrong.

    I don't know if the CFC has insurance at all, but maybe there is a way to share the insurance coverage as the FQE does with its clubs. Perhaps Richard knows more about that.

  2. #12
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    That is very interesting. I think this is a very good start.

    We will have more conversations. I think it would be a tragedy if the FQE and CFC didn't continue to cooperate.

  3. #13
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    Quote Originally Posted by Vladimir Drkulec View Post
    That is very interesting. I think this is a very good start.

    We will have more conversations. I think it would be a tragedy if the FQE and CFC didn't continue to cooperate.
    So far everyone wants cooperation; let's keep it going and see how we can move forward for mutual benefit!
    Valer Eugen Demian
    FIDE CM & Instructor, ICCF IM
    https://itunes.apple.com/us/app/ches...593013634?mt=8

  4. #14
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    Felix with respect to insurance are you discussing liability insurance (somebody slips and falls at a major event where the affiliate is the organizer) or are you talking about D&O (which is aimed at protecting organization officers who litigants feel have done something violating their rights)? I've been on non-profit boards which have carried both types (for instance I was part of a group that organized a Vancouver 2010 Olympic Celebration site and carried $5 million liability insurance - it was basically a polite mob at that site).

    The two are quite different - and generally speaking in common law Directors of a non-profit are safe as long as it's relating taken to a decision in good faith but just because you are safe from liability doesn't mean you are safe from the costs of litigation to defend any such suit and those costs can be huge which is primarily what "D&O insurance" is about covering.

  5. #15

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    Lyle, I know it includes liability insurance, but am not quite sure about D&O. Fortunately, I never had to use either

  6. #16
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    Quote Originally Posted by Félix Dumont View Post
    Lyle, I know it includes liability insurance, but am not quite sure about D&O. Fortunately, I never had to use either
    Well no - the whole point of insurance is that you HOPE not to need to have it!

    The serious answer is of course that it's for the major events and it's something major sponsors expect to see in regional and national events. Your standard weekend swiss on the other hand not so much.

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