[hackerspaces] Insurance Recommendations for a US-based space?

Mitch Altman maltman23 at hotmail.com
Thu Jul 2 15:54:39 CEST 2009

Hi Jason,



There is already a thread about insurance on the list.  Check out the archives and you'll see a bunch of good info.



At Noisebridge we called a lot of insurance companies.  A few said they wouldn't insure us, but most just said they'd send the info to an underwriter and they'd determine a price for us.  We ended up using an insurance broker where we got the best price and coverage -- which is about $2,000 per year for $1 million in liability and D&O insurance (Directors & Officers, which covers the directors and officers if anyone sues them personally).  This is similar to the amount that I pay for similar insurance for Cornfield Electronics (my TV-B-Gone company).








Date: Thu, 2 Jul 2009 09:39:42 -0400
From: jason at hive13.org
To: discuss at lists.hackerspaces.org
Subject: [hackerspaces] Insurance Recommendations for a US-based space?

We've recently signed a lease on a space and are searching for an appropriate insurance provider.  Several of the usual suspects have said we need a specialty policy written, and it's taking some time to get together.  Others have simply responded that they cannot offer the type of coverage we need.

Can anyone speak to the type of insurance they've purchased for their space and why that particular type of coverage was chosen?  Also, we're trying to work the costs into the budget, but as of yet have only guesses as to what our monthly premium may be.  Is anyone comfortable sharing what their monthly costs are?

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