Brent,<br><br><h5><b><span style="font-weight: normal;">Public Liability Insurance as described by Antti.</span></b></h5><h5 style="font-weight: normal;">Association & Officials Liability Insurance where public officers may be held personally liable for the debts of the entity.<br>
</h5>I'll send you more details through off line as I don't want to inundate our potential insurers with inquiries at this stage of negotiations.<br><br>Bruce<br><br><br><br><br><div class="gmail_quote">On Thu, Feb 5, 2009 at 2:55 PM, <span dir="ltr"><<a href="mailto:pcreso@pcreso.com">pcreso@pcreso.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">Hi Bruce,<br>
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I'm still unclear as to what the insurance will cover. The point of setting up as a distinct legal entity (incorporation) is so that members have no individual legal liabilities. Sure, if someone really wants to, they can sue the association, but if it doesn't have any assets there isn't much point.<br>
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None of the groups I've been involved with have seen a need for any insurance, specifically because of the legal protections afforded by incorporation.<br>
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Members can still be held liable for anything illegal they may undertake in the association's name, but you can't normally get cover for illegal acts, and any members who were not party to those acts are pretty safe anyway.<br>
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Can you please explain what liabilities or risks the proposed insurance cover is for?<br>
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Thanks,<br>
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Brent<br>
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