IFC Insurance Program
Peer governance is critical to fostering shared community standards, and the new IFC Insurance Program removes some of the barriers, putting students back in charge of setting and maintaining expectations. The NIC’s IFC Insurance Program covers officers, alumni and volunteers for most IFC-hosted programs and events, including peer monitoring, Greek Week, Homecoming activities, recruitment and philanthropic endeavors to name a few.
In many cases, the IFC and its officers, alumni advisors and volunteers are not covered by the university. If there was a claim filed against the IFC due to the operations or event hosted and sponsored by the IFC, the IFC and/or its officers have the potential to be brought into a lawsuit. The IFC Insurance Program includes general liability insurance, commercial crime insurance, and protection for directors and officers. The program is even flexible enough to add the host institution (including the fraternity/sorority advisor) as an Additional Insured to provide an extra layer of protection for our trusted campus partners.
Further, when purchasing insurance independently, IFCs can pay almost $6,000 for council coverage and more than $2,600 (and often much higher) for stand-alone event coverage. The NIC’s IFC Insurance Program offers immediate savings, as pricing is tiered based on the number of IFC chapters and starts at $599/yr.