INSURANCE
WHAT? Liability insurance for every member of Pi Kappa Phi. Per man premiums are determined by March every year.
WHY? It protects the local chapter, its officers and members, the housing corporation and the national fraternity, including appointed volunteers, from claims arising out of bodily injury and property damage occurring at the premises or at chapter functions away from the premises. Its also protects against claims arising out of libel, slander, false arrest, invasion of privacy, eviction from the premises, consumption of food and beverages and incidental malpractice. Additionally for undergraduate members, Member Accident Protection is offered to compliment health insurance for certain accidents incurred during the undergraduate term.
HOW? Through Pi Kappa Phi National Headquarters and FRMT, Ltd, an insurance organization made up of 22 fraternal organizations.
WHEN? Insurance bills are sent out in April and due no later than September 21st. If paid by May 21st, the chapter can take advantage of a 10% early payment discount. Coverage is valid for the academic year that begins with the September due date.
WHO? (Initiated + Associate Members) - (Graduating Seniors) = Total Members Billed