[Noisebridge-board] Noisebridge insurance renewal

Jeffrey Malone ieatlint at tehinterweb.com
Thu Oct 28 01:37:45 PDT 2010


I had the pleasure of setting this up last year, and am glad someone is
taking point on this!

Thanks for taking care of it Seth :)

As to the insurance coverage... I agree that B&O liability and general
liability should continue (both have been at $1m, and I personally think
that is sufficient).

Earthquake and sprinkler insurance is not right for us methinks.  As I
understand, it's excessively expensive, and may not apply to us.  We
generally don't insure property owned by Noisebridge, and there is no reason
I can think of to insure said property for earthquakes or sprinklers when we
don't for fire/theft.
That said, it doesn't hurt to get a quote if people are interested...


Jeffrey

On Thu, Oct 28, 2010 at 12:47 AM, Seth David Schoen <schoen at loyalty.org>wrote:

> I'm filling out the form to get a quote to renew our insurance policy
> for next year.
>
> They want to know if we want the following kinds of insurance in the
> coming year.  I don't know whether we currently have these (via our
> policy with Moriwaki Imai & Fujita; I know we have at least Directors'
> and Officers' Liability insurance in some form).
>
> 1) EARTHQUAKE AND EARTHQUAKE SPRINKLER COVERAGE
> 2) DIRECTORS & OFFICERS LIABILITY, EMPLOYMENT PRACTICES
> 3) n/a
> 4) EMPLOYEE BENEFITS LIABILITY
> 5) EQUIPMENT BREAKDOWN COVERAGE
> 6) CRIME COVERAGE
> 7) BUSINESS INCOME WITH EXTRA EXPENSE
> 8) EMPLOYMENT PRACTICES LIABILITY COVERAGE
> 9) UMBRELLA INSURANCE COVERAGE
>
> My intuition is that we should probably have 1 and 2 and probably
> don't need the others because we don't have employees and are a
> nonprofit with mainly donated assets.
>
> It looks like they want to know a "limit" (in dollars?) for each
> of these policies that we would like.
>
> We also have $15,000 "business personal property" insurance and
> $1,000,000 general liability insurance.
>
> --
> Seth David Schoen <schoen at loyalty.org> | Qué empresa fácil no pensar en
>     http://www.loyalty.org/~schoen/   | un tigre, reflexioné.
>     http://vitanuova.loyalty.org/     |            -- Borges, El Zahir
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>
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