Quote:
Originally Posted by danDanEFC
@Jim
Perhaps people could be given the offer 'Personal Accident Insurance' with their membership as an extra
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Hi
We looked at this..
If it was done as an inclusion in the membership fee - i.e. everybody has it, but it's very strictly limited to how much for what sort of injury, then you can make it work - but it would literally triple the membership fee*
If you make it optional the likely take up (as most people will already have sick pay, income protection etc etc - which is basically the same thing with a different name attached) was estimated, by the broker who's done a few of these, at well under 10% - so it would make it very expensive indeed as then the 'worst case scenario' isn't offset by enough 'better than averages'
The cheapest way of getting Personal Accident insurance is therefore to take it out yourself if you haven't already got it via the other personal insurances we're all up to our neck in these days.
NOTE
*Oddly it was only at the 2010 AGM when this was last offered to the floor, didn't even get a seconder.. but I was asked and therefore got the quote..