SigEp provides several types of insurance. The first and most common is general liability insurance. This program is in place to respond to claims or suits that might arise against the Fraternity. The billing rates for 2008 were a $550 chapter base fee and $129 per man. These rates are subject to change upon determination insurance renewal rates. SEC’s (Sigma Epsilon chapters) for their first two years receive a half-rate discount on these fees.

The general liability insurance policy covers undergraduate chapters, their members and officers, and Alumni and Volunteer Corporations, their members, officers, and volunteers, while acting within the scope of their duties for the Fraternity. Liability insurance coverage is MANDATORY for all chapters.

Members, officers, and alumni who supervise or direct others to participate, observe and / or participate themselves in any of the excluded acts listed below will not be covered under Sigma Phi Epsilon's general liability insurance policy.

• Alcohol and drug – Coverage does not apply to any member who purchases alcohol with chapter funds; sells alcohol; or possesses, sells, or uses illegal drugs.
• Assault and battery
• Sexual abuse or assault
• Hazing

The following exposures are not covered under the general liability insurance program:

• Breach of contracts claims
• Illegal acts
• Premises related injury - Medical payment coverage is typically found on homeowners policies, and it provides coverage to anyone injured on the insured’s property. It is available to injured parties regardless of whether or not there is any liability on the insured’s part.
• An employee hired by the Alumni & Volunteer Corporation and/or the chapter is hurt on the job. Workers’ Compensation coverage must be purchased locally by each chapter having employees.

Other items not covered under the liability insurance program:

• Breach of contracts claims
• Illegal acts
• Medical payment coverage – Medical payment coverage is typically found on homeowners policies, and it provides coverage to anyone injured on the insured’s property. It is available to injured parties regardless of whether or not there is any liability on the insured’s part.
• A chapter employee hurt on the job. Workers’ Compensation coverage must be purchased locally by each chapter having employees.