[hackerspaces] Insurance Advice (for US hackerspaces)

James Carlson james at schoolfactory.org
Sun Dec 9 02:58:00 CET 2012

Thank you for sharing this information! For our space
Bucketworks<http://bucketworks.org/> and
level of insurance we have, here is the cost breakdown which correlates
with what you shared:

Annual costs:
Personal Property: $1569 - to protect member gear and stuff
General Liability: $1326 - $2m coverage
Computer equipment insurance: $168 - covers up to $25k hardware and $10k
Directors & Officers Liability: $352 - covers the board from personal
liability exposure -- I highly recommend every space has this type of

Paul, would you mind if we document your information and link to it in
the Space
Federation's resources on

On Sat, Dec 8, 2012 at 7:51 PM, Paul Brown <paul90brown at gmail.com> wrote:

> Dallas Makerspace has joined the league of US hackerspaces to successfully
> obtain the correct insurance policy. We took notes about the process and
> our current policy here: http://dallasmakerspace.org/wiki/Insurance
> The process started when our ~$500/year insurance policy provider informed
> us that our claims would be rejected because "the type of activities
> associated with your risk does not match the policy obtained". This means
> we were not properly classified. We found during the process that most
> insurance agents wanted to incorrectly classify us and quickly sell us a
> policy. However, we did find an agent willing to visit our hackerspace and
> explain to the insurance underwriters what we did (to confirm and document
> we were classified correctly). Here's general liability classification info:
> Class Code 41668: "Clubs- Civic, service or social- having buildings or
> premises owned or leased- Not for Profit only"
> All the quotes we received for 1 million $ in general liability (probably
> required in your lease) were above $1400/year. Number of members and
> revenue are big factors in how much your insurance will cost, but *you
> might not have the proper classification if you're only paying ~$500/year.
> *
> _______________________________________________
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