ORIGINAL: Mike in DC
I agree, interesting thread. Since we have, from my point of view anyway, two insurance experts, I have a question:
Our club officers recently decided to get something which I (not an insurance expert) will call "club officer insurance". In light of their homeowner coverage + the second form of AMA coverage that J_R describes, does this seem necessary? Or is everybody a little paranoid these days? I think it was something like $700 per year for all the officers, I don't know the policy limit.
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Mike-
I'm certainly no authoritative source on such things, but I would deem such coverage necessary for myself, and I suggest you might pose that question to Carl Maroney. AMA officers, and I expect some employees, are covered by just such a policy (which we hoi polloi pick up the tab for of course). It is beyond the scope of coverage we get from AMA in either individual membership or club charter, but Maroney is surely aware of it and likely is covered by it himself. I guess I fall in the 'little paranoid these days' category. I detest lawyers and certainly don't want to hand them any opportunity to go poking their greedy hands around under my mattress. I won't take on club officer duties any more because I don't have the liability risk covered by such a policy. I'm uncomfortable with being a club instructor for the same reason, though I have not dropped that role yet. I can't imagine why anyone would expose himself to the liability risk that a CD has hanging over his head.
Good question, and if you do find some answers, please post.
Abel