TerraBites

A short newsletter of bite-size ideas to chew on for Terrafirma owner-member land trusts, released January, February, May, June, September, October and November.

 

Posts tagged eligibility

Insurance is Complicated

Understanding what Terrafirma covers is important to know but equally important is knowing what Terrafirma doesn’t cover. To ensure you can have sufficient insurance protection, we wanted to highlight a few things that Terrafirma doesn’t cover:

  • Terrafirma doesn’t cover bodily injuries or property damage suffered by your staff, visitors or others while at any of your properties or when you are out monitoring. That is generally what general liability insurance covers.
  • Terrafirma doesn’t cover wrongful management decisions by your board, volunteers or staff, even if that management decision adversely affects your properties’ conservation purposes. That is generally what directors and officers (aka “D&O”) insurance covers.
  • Terrafirma doesn’t cover property damage caused by natural disasters or catastrophic events. That is generally what property insurance covers or other special property insurance policies (like flood insurance).
  • Having a Conserve-A-Nation® policy through Alliant or any other insurance policy from any other carrier does not include Terrafirma coverage.
  • The Land Trust Alliance does not have a policy to cover those organizations that do not enroll in Terrafirma.

 And finally, your land trust is only insured by Terrafirma if – and only if – your land trust applies for membership through Terrafirma’s website and meets eligibility requirements.

Looking for insurance that covers these things? Check out this handy guide to common types of insurance coverage.
 

We’re here to help! If you have any questions, please let us know. I know that insurance is complicated so please ask questions.

Thanks,
 

Tom Kester 
Operations Manager and Secretary
Alliance Risk Management Services LLC 
Manager for Terrafirma Risk Retention Group LLC

 

We made a list; please check it twice!

Santa isn’t the only one with a list. On the Terrafirma website you’ll find a list of the 13 eligibility requirements that must be fulfilled before your organization can join Terrafirma. These answers routinely come up when examining claims, so you want to be sure that you can give a confident yes to all 13.

If you are already a Terrafirma member and you are updating your application, you may be used to checking off "yes" to all of these without reading through carefully. This year, remember to revisit these eligibility requirements and make sure that you still satisfy all of them.

Please also remember:

  • If you are awaiting your February accreditation decision, whether first time or renewing, don't hit that submit button just yet! Please fill out your application and then hit "submit" once your decision is received. There is an $11/parcel accreditation discount that we don't want you to miss.
  • Check in with your bank to see how to send your payment via ACH transfer.

Have questions? Please let us know. You can email us directly or call 802-262-6051 for Leslie, or 202-800-2248 for myself.
 
 

13 is the Luckiest Number

The number 13 is supercool. It's the smallest "emirp" – a prime number that forms a different prime in reverse. And who doesn't love a "baker's dozen" of 13 delicious baked goods? It's also the number of eligibility questions that Terrafirma asks.

The 13 eligibility requirements must be fulfilled before your organization can join Terrafirma. If you are already a Terrafirma member and you are updating your application, you may be used to checking off "yes" to all of these without reading through.

This year, remember to revisit those eligibility requirements and make sure that you still satisfy all of them.

Please also remember:

  • If you are awaiting your February accreditation decision, whether first time or renewing, don't hit that submit button just yet! Please fill out your application and then hit "submit" once your decision is received. There is an $11/parcel accreditation discount that we don't want you to miss.
  • Please send your check to: Terrafirma RRG, PO Box 1330, Williston, VT 05495

 

 

 

Have questions? Please let us know. You can email us directly or call 802-262-6051 for Leslie, or 202-800-2248 for myself.

 

Thanks,

Hannah

 

Hannah Flake

Conservation Defense Coordinator

ALLIANCE RISK MANAGEMENT SERVICES LLC
 
 

(202) 800-2248 | 

 

Sign Up for TerraBites

Collectively upholding conservation permanence

Tags

Archives