[SJAAboard] ISC Insurance

[Gary Mitchell]

Rob Hawley wrote:

>>My main question was your item 8, what exactly would we be getting
>>and is it worth it?  This feels a lot like that Directors & Officers
>>insurance issue, which would have cost us hundreds more but not
>>given us much.
> 
> 
> As far as I can determine in this case we WOULD be getting useful insurance.

Finally!  Thank you.  Can you be a little more specific?

> But the cost would be based on employment insurance.  The insurer simply
> does not have a basis to assess our risk.

What does that mean, they'd just make up something for the premium?
Do we have a quote or even just a ballpark estimate?

> The true cost would be background checks and then rigorously enforcing who
> can and cannot set up at our events. As I said earlier I doubt if that is
> even possible for most of our events.

Not necessarily.  The premium could be many hundreds on top of
what we already pay.  It was that way with the D&O additional, (if
I recall correctly, that was something like $800 extra).

Even if we did those background checks on every member in the
club (roughly $3000), the premium could surpass that fast enough.

Before we decide anything, we should have more details of the
coverage and an estimate on the premium... unless the background
checks are so distasteful we wouldn't go for it even if it were $1.

Gary