QLD surf club members may have to face increased fees
QLD surf club members may have to face increased fees | Insurance Business Australia
Insurance News
QLD surf club members may have to face increased fees
What has prompted talk of a potential spike in fees?
Insurance News
By
Jonalyn Cueto
Volunteer surf lifesavers in Queensland find themselves grappling with a significant financial challenge as they confront a notable surge in accident and injury insurance costs.
According to a BNN News report, the escalating insurance costs have caused Queensland surf clubs to face hefty bills, estimated to reach tens of thousands of dollars, with work cover premiums expected to double. Club members would likely have to confront considerable increases in fees as a result of this financial challenge, potentially impacting these crucial services to the community.
The sudden spike in insurance charges not only serves as a financial obstacle for the surf clubs but also a potential deterrent to both current and prospective members. Given the heavy reliance of this organization on volunteer participation, the possibility of increased membership fees due to inflated insurance costs is a significant concern. This financial burden may dissuade potential members from joining while also jeopardizing the retention of existing members, according to the report.
Surf Life Saving Queensland, in response to these mounting concerns, has stepped forward to provide clarification. The increased charges have been justified as an adjustment aligned with inflation and as a reflection of the economic repercussions of the COVID-19 pandemic. The global health crisis has led to economic turbulence, impacting various sectors, including insurance. The organization argued these heightened costs were an unfortunate but necessary reality in light of the current economic climate.
To alleviate some of the financial strain and to support the essential services offered by the organization, Surf Life Saving Queensland has secured a 10-year service agreement with the Miles government. Valued at $125 million, this agreement aims to offer financial support to the organization and its services for the community, according to the report. This step aims to ensure the continuation of these services despite the prevailing financial challenges.
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