[hackerspaces] Hackerspace legal formation and insurance

[john arclight]

And if you have a "wealthy uncle" that is sponsoring you, they should
probably already have their own umbrella/personal liability insurance
policy.

Arclight



On Tue, May 25, 2010 at 3:45 PM, M <dblmca at gmail.com> wrote:
> On Tue, May 25, 2010 at 3:15 PM, Carlyn Maw <carlynorama at gmail.com> wrote:
>> I've been told by a number of people that we should have D&O insurance.
>> Anyone have any thoughts on that?
>
> Depends on what your internal structure is like and if you feel your
> officers are at specific risk for a lawsuit.
>
> If you have a decent general policy I don't see why anyone would want
> to pierce the corporate veil... unless maybe you have a couple of
> billionaires as officers. :)
>
>  -M
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