General Liability – Fraternal Property Management Association (FPMA)
What is Fraternal Property Management Association?
General Liability Insurance Program for Owners of Fraternity, Sorority, and Student Organization Housing
Owners of traditional fraternity and sorority housing, whether through a non-profit house corporation or for profit individual or entity, face unique exposure to risk other landlords do not face. As an owner, you face issues of alcohol, hazing, assault & battery, sexual assault and the traditional premises exposures. Finding a carrier that will underwrite a chapter house risk with acceptable terms and conditions is difficult. Some carriers will offer terms with very restrictive coverage. Add in the minimum premium requirements many carriers would require to even consider the business, it is also expensive.
The Fraternal Property Management Association (FPMA) provides a cost effective solution to problems. The FPMA is an Illinois association formed to provide deep risk management and educational resources and access to customized property and casualty insurance products for fraternity and sorority house corporations. The FPMA’s liability insurance program provides broad coverage that is specifically designed to meet the needs of this class of business. Through the utilization of master policies, we are able to offer broad coverage for a competitive premium.
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FPMA Liability Program Highlights
- A- or better rated insurance carriers
- No Exclusions for hazing, assault & battery, sexual assault and/or abuse of alcohol
- Host Liquor Liability
- Hired & Non-Owned Auto Liability
- Expenses paid in addition to the limit
- Primary coverage for House Corporation Officers
- Coverage territory not limited to designated premises
- Corporation’s own limit – no shared limit
- Low deductible of $2,500
Program Specifications
Commercial General Liability Policy Limits
| Each Occurrence | $1,000,000 |
| Annual Aggregate | $2,000,000 |
| Products/ Completed Operations Aggregate | $1,000,000 |
| Personal/Advertising Injury Limit | $1,000,000 |
| Fire Legal Liability | $1,000,000 |
| Medical Payments | Excluded |
Optional Excess Limits
| Each Occurrence | $1,000,000 |
| Annual Aggregate | $1,000,000 |
To get started, contact
Holmes Murphy Fraternal Practice
Marketing Department
13810 FNB Parkway Suite 300
Omaha, NE 68154
Phone: (800) 736.4327
Fax: (800) 328.0522
Email: fraternalinsuranceapp@holmesmurphy.com