"We have seen widespread need across the club industry for new ways to satisfy existing and prospective club members. There will likely be attrition at private clubs this year. Initiation Fee Insurance offers innovative insurance protection to the private club industry. It can help provide members who must resign due to relocation with a prompt refund without indebting the club. We are pleased to endorse this new product to our members from two first-rate service organizations, Owners & Members and Chubb."
   --Susanne R. Wegrzyn, President & CEO, National Club Association

"Initiation Fee Insurance is a relatively new product that should be considered by member-owned clubs with a non-refundable initiation fee. This could be a great benefit to help a club remain competitive by insuring against the loss of moneys when a new member must unexpectedly resign for business or personal reasons. Other clubs with limited refund mechanisms can also benefit from this protection."
   --Mitchell L. Stump, CPA, PA, author of "Club Tax Book"

See what others are saying about Initiation Fee Insurance...

• Refund or Not? Tough Decisions Face Today's Board Member, from The BoardRoom, Volume VII, Issue 59, official publication for the Association of Private Club Directors.
  
  
• Reduce Club Debt and Increase Membership Value With A Refundable Initiation Fee Program, from Club Director, December 2002/January 2003.
  
  
• Insurance Against Loss of Initiation Fees, from The BoardRoom, January 2002, a publication for private club directors.
  
  
• December 11, 2002, The National Club Association (NCA) has announced its endorsement of Owners & Members National Insurance Services, LLC, as insurance producer of Initiation Fee Insurance to its members.