Financial loss protection for event hosts and chapter heads.

Reward Without Risk

InterNACHI's policy for event hosts and chapter heads.

This policy is written to address both financial scenarios that InterNACHI event hosts or InterNACHI chapters could encounter when holding a InterNACHI event.

A InterNACHI event is defined as an event hosted by either a InterNACHI chapter or an event advertised by InterNACHI as a InterNACHI event. In some situations a InterNACHI event can be an event hosted by a for-profit vendor or educator. The event details must be posted on an event host's or chapter's website and InterNACHI must be given 45 days to properly advertise the event if the host/chapter seeks financial loss protection. Last minute events, closed-door and/or secret meetings do not enjoy financial loss protection from InterNACHI. Event hosts and InterNACHI chapters not seeking financial loss protection from InterNACHI can do as they please… this Policy does not pertain to you.

There are only two possible financial scenarios that occur when a InterNACHI event host or InterNACHI chapter holds an event (evening chapter meeting, one-day educational event, two-day educational event, etc). You either lose money or you make money.

Oops, we lost money scenario:

This occurs when the amount of money the host/chapter collects from attendees (at pre-registration for those who have it or at the door) DOESN'T COVER the cost of the event.

When this happens, don't worry! InterNACHI will pay the educator (up to $1,000 for a full-day of education) and the educator's travel expenses (including air fare, car rental, parking and hotel stay), and all audio/video equipment rental, and the room rental fee, less whatever the host/chapter collects. If you are a host or chapter head and collect cash at the door you should pay as much of any of the bills as possible (you can give it to the educator), email InterNACHI at fastreply@nachi.org with the amount you collected and who you gave it to and send any checks to InterNACHI, 1750 30th Street, Boulder, CO 80301. InterNACHI will guarantee that you don't have to come up with any money out of your own pocket.

Yippee, we made money scenario:

This occurs when the amount of money the host/chapter collects from attendees MORE THAN COVERs the cost of the event.

When this happens, keep the extra money. InterNACHI does not want any of it once the bills are all paid. If you are a for-profit educational event host, the extra money is all yours. If you are a InterNACHI chapter head, spend it on your chapter or whatever. Since it didn't cost InterNACHI any money, we don't care what you do with the excess. We are happy that you offered the event and happy that our members got another educational opportunity.

Reminders:

Event hosts and InterNACHI chapters not seeking financial guarantees from InterNACHI can do as you please... this Policy does not pertain to you.
Educators are not InterNACHI employees and InterNACHI can't force them to provide educational services to hosts/chapters. If you are an event host or InterNACHI chapter head it is up to you to negotiate an agreement with the educator you desire. Some educators want to be paid more than others, especially to teach an all-day course and some want a portion of the door money. Some speakers such as your chapter's local roofer charge very little to speak at an evening chapter meeting. Some vendors such as local attorneys, reporting software companies and insurance agents look for an opportunity to speak to our industry and so don't charge a fee at all. It is up to you to negotiate a reasonable win-win agreement.
InterNACHI event hosts/chapters are guaranteed against financial loss only if the details of the event are posted on the host's or chapter's website and InterNACHI is given 45 days to advertise the event properly. Last minute events, closed-door and/or secret meetings do not enjoy financial loss protection from InterNACHI.
InterNACHI does not offer this guarantee for events that promote other associations or teach to other organization's standards.
InterNACHI can hold a hotel room, the educators room and the A/V equipment rental with our credit card if a InterNACHI chapter head doesn't have one but InterNACHI will not handle food. This offer is for InterNACHI chapter heads not available to for for-profit hosts/schools.
InterNACHI frowns upon (but does not prohibit) charging non-InterNACHI members the same as InterNACHI members. Event hosts/chapters should charge non-members much more than InterNACHI members.
InterNACHI has no official position on InterNACHI chapters charging chapter members less than other InterNACHI members.
InterNACHI pays for all the advertising (internet and direct mail) for all InterNACHI events and does not seek compensation for this. Hosts/chapters need NOT count this as a cost.
Events that are scheduled in the same area on the same day of an existing InterNACHI event do not qualify for financial loss protection.
Event hosts/chapters should strive to generate black ink. Agreeing to pay an educator $1,000 + expenses and charging attendees $10 is silly. If you fall short, don't worry about it, InterNACHI is here to cover you but InterNACHI will not cover repeated massive losses by any one host/chapter again and again. So learn to run your event like a business. CHARGE MORE than it costs. If you end up with extra funds (and many hosts/chapters regularly end up with a surplus), congratulations!

Questions about InterNACHI's Reward Without Risk Policy should be directed to fastreply@nachi.org

Upcoming events: www.nachi.org/events.htm

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Financial loss protection for event hosts and chapter heads.

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