would be costly. Further, the University has agreed to cover the insurance for all our assets under their insurance policy, which we would be charged nothing for (this would save us thousands of pounds). Health and Safety The SRC would have to adhere to two Health and Safety The student organisation would come under the University’s policies, both for the college and our own. If at fault, the health and safety arrangements. Trustees bear full personal liability, unless another individual is at fault, for any accident that may occur. Premises The SRC may have to negotiate for the use of space within The University will allow us to use the property free of the college but it will not be charged for its use. charge, based on the breadth of the student activities. Presidents Comments The way I see things are: We can become legally independent from the university and stand as both a student union and an independent body. BUT… This will come at a price: We will have to pay a lot of money to protect ourselves through asset insurance, trustee insurance and accounting fees. This could be up to £10,000 a year that we could spend on other things. We would be given a lot less help by the university eg. training the treasurer/presidents/with accounts etc. The Exec and trustees would become liable for every thing they did- a small mistake could put them in a very bad position legally.
would be costly. Further, the University has agreed to cover the insurance for all our assets under their insurance policy, which we would be charged nothing for (this would save us thousands of pounds). Health and Safety The SRC would have to adhere to two Health and Safety policies, both for the college and our own. If at fault, the Trustees bear full personal liability, unless another individual is at fault, for any accident that may occur. The student organisation would come under the University’s health and safety arrangements. Premises The SRC may have to negotiate for the use of space within the college but it will not be charged for its use. The University will allow us to use the property free of charge, based on the breadth of the student activities. Presidents Comments The way I see things are: We can become legally independent from the university and stand as both a student union and an independent body. BUT… This will come at a price: We will have to pay a lot of money to protect ourselves through asset insurance, trustee insurance and accounting fees. This could be up to £10,000 a year that we could spend on other things. We would be given a lot less help by the university eg. training the treasurer/presidents/with accounts etc. The Exec and trustees would become liable for every thing they did- a small mistake could put them in a very bad position legally.
pros_and_cons.docx