IAFF Constitution & By-Laws, all affiliates are provided with $5,000 in Labor Organization Bond (LOB) coverage.

Dec 5, 2019 | nyspffa_news

Dear Affiliate Leader,

Per the IAFF Constitution & By-Laws, all affiliates are provided with $5,000 in Labor Organization Bond (LOB) coverage.

It is recommended for all affiliates, and required for some, to carry at least 10 percent of their total assets in LOB coverage.

In this video, I explain the purpose and importance of LOB coverage.

For more information and access to Schoenfeld Insurance’s rate chart, visit the Secretary-Treasurer Resources page on the IAFF website.

Fraternally,

Edward A. Kelly
General Secretary-Treasurer

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