Back to Treasurer Guidelines
INCORPORATION
All PTAs must be incorporated per Maryland PTA Bylaws. To
check on the incorporation status of your PTA,
- check online at www.dat.state.md.us;
- click on Business Data Search
- then Business Entity Information
- type in your legal name in name search box
INSURANCE
All PTA units in Maryland are required to
have insurance coverage of:
- liability
- bonding,
- directors and officers insurance
through the MD PTA negotiated insurance policy through
BB&T Insurance Services.
The insurance carrier is:
BB&T
Insurance Services of California, Inc.
535
N. Brand Blvd., 10th Floor
Glendale,
CA 91203
1-866-611-9400
E-mail: mdpta@unionbancins.com
Bonding insurance also known as Commercial Crime
Insurance, protects the PTA in the event an officer or
members' dishonesty results in the loss of funds.
You are covered for $25,000 with a $500 deductible.
Read the Insurance Loss and Prevention Guide fore more
information on coverage.
General Liabilities Plus Insurance protects the
PTA sponsored event except those events and coverage's specifically
excluded. The coverage has a $1,000,000 limit that covers
all allowable PTA activities. It is
critical that before planning any PTA activities the RED,
YELLOW, and GREEN pages be reviewed in the insurance
guide.
Directors & Officers Liability - D&O picks up where
Commercial General Liability leaves off and protects your officers,
volunteers, and employees.
For the insurance loss and prevention guide, go to: http://www.mdpta.org/documents/LossControlGuideBook-2008Maryland.pdf
Back to Treasurer Guidelines
