Cohousing-L Mailing List: Directors & Officers Insurance (was hiring community members)

[Jim Snyder-Grant (jimsg]

Oh, Diane called me on my statement about Directors & Officers 
insurance.. Hmm. Well, I don't know. We are sort of a belt & suspenders 
organization & we trust our insurance agent. It looks like it provides 
coverage for acts by the board of directors that are willfully bad (not 
just casually incompetent), typically related to employment (because 
otherwise the general liability would cover it). Hmm, that seems like a 
pretty narrow & unlikely case. Perhaps we should drop it? I'll ask our 
insurance guy & let you know what I found out.

-Jim

Dave & Diane wrote:

> Jim, would you mind sharing with us the story of why you decided to 
> get Directors & Officers insurance?
> Diane Simspon(:^]
> JP COHOUSING  617-524-6614
> P.O. BOX 420 BOSTON MASSACHUSETTS
> HTTP://WWW.JPCOHOUSING.ORG
> "Foundations built and only one unit left!"
> = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = 
> = = = =
> On Wed, 19 May 2004 19:19:18 -0400 Jim Snyder-Grant wrote:
>
> > Our liability insurance covers most every legal activity on site, except
> > for folks injured while doing paid work here. For that, we have worker's
> > comp. (We also have Directors & officers insurance, but that's a
> > different story)