Insurance - Directors and Officers
From: Janey Harper (
Date: Wed, 28 Jul 2021 15:29:40 -0700 (PDT)
Here is more information to answer questions posted by list-server member:

Plan is for legal Agreement between TCV and Developer, signed before Permit
Application Process begins, that stipulates that only TCV Society members
will be able to sign an agreement to purchase a strata lot in TCV (plus
other matters related to design, etc.)

There will be a "good will" $ investment (from one member), in Development
Company that is funding the project, to ensure signing of legal Agreement in
TCV's "favour".
We have been working with the Designer/Architect/Developer for 3 years.
Great relationship.

We will not own/have to pay any $ until construction is complete, when
individual TCV members complete the purchase of their strata lot.  
So, at this time, we only require 3rd party liability insurance for our
Directors and Officers.

Thank you Carolyn, Quimper Village, for the idea of coming in through the
back door, under guise of a request for Commercial Insurance.  Yes, will
talk with lawyer further about community liability in process of formulating
more detailed bylaws than are currently in our Society Registration doc.  We
are up-to-date on Directors' liability info.  

The Coastal Village - A Community-Based Neighbourhood Society, managed with
Sociocracy governance processes

Date: Mon, 26 Jul 2021 12:42:05 -0700
From: "Janey Harper" <jkharper [at]>
To: <cohousing-l [at]>
Cc: <jkharper [at]>
Subject: Re: [C-L]_ Insurance

Thanks to those of you sharing information and advice.

So far the companies which I have contacted here in Canada refuse to offer
ONLY liability insurance for directors; they require us to purchase
insurance for the as-yet-not-built assets as well!

It would be great if any cohousing communities in Canada could provide me
with leads to a Canadian insurance company who would provide just the
directors' liability insurance until we need the other.

This has been quite the learning experience.


> Message: 2
> Date: Tue, 20 Jul 2021 07:15:45 -0700
> From: Janey Harper <jkharper [at]>
> To: cohousing-l [at]
> Subject: [C-L]_ Insurance
> We are working closely with a development Company who is providing  most
of the funding during the construction phase of our community. 
> We are also set up as a legal Society and have a Board of Directors who
will soon be passing resolutions on financial matters. 
> Before talking to insurance experts, I wanted to ask if anyone has
experience purchasing insurance for either of the two situations outlined
> I am particularly interested in considerations and recommendations re.
liability insurance during pre-construction phase, when the Board is passing
resolutions and making decisions about borrowing and loaning money. 
> Thanks
> Janey Harper
> The Coastal Village
> Sechelt, BC, Canada

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