Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
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Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
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Susan Maciolek on
Dear Linda,
My club of 20 years has never carried this insurance. We trust our members, naively perhaps, but it has worked for us!
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
--
Butterflies are
self-propelled flowers. - Robert A Heinlein
Stuart Weissman on
We implanted an RFID chip into our treasurer. Much cheaper. :P
Stu
From: Linda <wiltse@optonline.net> To: club_cafe@bivio.com Sent: Tuesday, June 10, 2014 12:41 PM Subject: [club_cafe] crime insurance
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Kittie Caldwell on
Never had insurance! We trust people in club. We only have 7 members and we are close friends. If it was a large club and we did not know each other so well, we would probably have insurance.
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Kimberly Hazen on
Good idea!
Actually, I've been the treasurer of our group for 15 years and NO ONE is interested in double-checking my work. I even give them stories now and again about how treasurers rip off clubs. They trust me.
But, to be transparent, they have the passwords and access for Bivio and our trading account. If they suspect any funny business, they can see everything. Of course, not one of them has used the login.
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Laurie Frederiksen on
All of the members of a club are responsible for the treasurers actions. So if a club does not have a system of regular confirmation that the clubs records are accurate, I think it would be hard for them to have recourse if the treasurer did do something inappropriate with the club accounts.
Some sort of checks and balances are important internal controls for any kind of business entity.
An RFID chip is a creative idea......
:)
Laurie Frederiksen Invest with your friends! www.bivio.com
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Robert Hays on
Like it, Stu!
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Stuart Weissman via bivio.com Sent: Tuesday, June 10, 2014 9:55 AM To: club_cafe@bivio.com Subject: Re: [club_cafe] crime insurance
We implanted an RFID chip into our treasurer. Much cheaper. :P
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Gloria Graham on
Our club is small and i have been the treasurer since the beginning and we have never had insurance. Like another club we are small only 6 of us. We did have an incidence with the co treasurer that wanted out and requested a check without our knowledge. We stopped her from getting the money because all mailings came to my address. This group, we are all good friends and we trust one another.
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
John Rice on
@ Gloria - did your treasurer sell any stock in order to get a check?
John
On Tuesday, June 10, 2014 3:35 PM, Gloria Graham <ggraham803@gmail.com> wrote:
Our club is small and i have been the treasurer since the beginning and we have never had insurance. Like another club we are small only 6 of us. We did have an incidence with the co treasurer that wanted out and requested a check without our knowledge. We stopped her from getting the money because all mailings came to my address. This group, we are all good friends and we trust one another.
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Gloria Graham on
No we had money in the account. It was a small amount. She is no longer a member to say the least.
Our club is small and i have been the treasurer since the beginning and we have never had insurance. Like another club we are small only 6 of us. We did have an incidence with the co treasurer that wanted out and requested a check without our knowledge. We stopped her from getting the money because all mailings came to my address. This group, we are all good friends and we trust one another.
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Maisha Fleming on
Hi Kimberly,
When you say that no one has used the login, is there a way to see if people have access the Bivio and trading account?
Thanks. Maisha Miles
Date: Tue, 10 Jun 2014 11:59:39 -0500 From: hazenfree@gmail.com Subject: Re: [club_cafe] crime insurance To: club_cafe@bivio.com
Good idea!
Actually, I've been the treasurer of our group for 15 years and NO ONE is interested in double-checking my work. I even give them stories now and again about how treasurers rip off clubs. They trust me.
But, to be transparent, they have the passwords and access for Bivio and our trading account. If they suspect any funny business, they can see everything. Of course, not one of them has used the login.
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Kimberly Hazen on
I'm not exactly sure. My group has just told me they haven't used it. Makes me wonder, though if Bivio and our brokerage offers information about logins (and what IP they came from) like Google. I've emailed TD Ameritrade about the question. Can you tell us about Bivio?
Actually, I've been the treasurer of our group for 15 years and NO ONE is interested in double-checking my work. I even give them stories now and again about how treasurers rip off clubs. They trust me.
But, to be transparent, they have the passwords and access for Bivio and our trading account. If they suspect any funny business, they can see everything. Of course, not one of them has used the login.
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.
Deep Shikha on
In our club, each member has access to bivio account and looks at it regularly. We put in some educational information and show reports on bivio in meetings. It is convenient for members to use the bivio research tools.
Deep Shikha, Ph.D.
Director, MBA
Professor, Economics
St. Catherine University
651-690-6577
On Wed, Jun 11, 2014 at 12:03 PM, Kimberly Hazen <hazenfree@gmail.com> wrote:
I'm not exactly sure. My group has just told me they haven't used it. Makes me wonder, though if Bivio and our brokerage offers information about logins (and what IP they came from) like Google. I've emailed TD Ameritrade about the question. Can you tell us about Bivio?
Actually, I've been the treasurer of our group for 15 years and NO ONE is interested in double-checking my work. I even give them stories now and again about how treasurers rip off clubs. They trust me.
But, to be transparent, they have the passwords and access for Bivio and our trading account. If they suspect any funny business, they can see everything. Of course, not one of them has used the login.
Our club has an insurance policy to cover any fraud or theft by the officers. It is getting very expensive given the increasing size of our portfolio. Do other clubs carry this kind of insurance and what insurance companies do you use?
Linda
This email is free from viruses and malware because avast! Antivirus protection is active.