Talk:Board Policy on Alcohol
Can the board actually vote on this type of policy without a vote of the general membership? I would like clarification on that.
I am curious how the insurance company determined that we can drink our asses off until 2am, but not after. As someone who keeps odd hours, I'd like to know this.
I wasn't around when someone purchased the insurance policy for the space, but my guess is that the alcohol rider is a standard type of rider available for coverage and that the 2am-9am is a standard time block. After thinking this over for a while and bouncing ideas off of Carl, I think the board shouldn't have voted this as a policy and should have just informed the membership that they are not allowed to drink between 2am and 9am. As a board, we voted not to extend coverage because of how expensive it is to do so. The membership could bring up their own vote to extend coverage. Personally, I thought it was too damn expensive, so if a vote comes up, as a member, I'll vote no. --Skm (talk) 09:37, 27 April 2015 (CDT)
Insurance is based around the law of large numbers. Yes there are some people working late shifts who could consume alcohol at 2 AM without issue, who would have a problem consuming alcohol at 2 PM. But there are few enough people like that to affect the odds.
Insurers have found that how late people are drinking correlates strongly to the chance that someone will have an accident (drive home drunk, walk out into traffic while drunk, etc.) resulting in a claim. They set their rates accordingly.
The Board discovered that a prior Board purchased alcohol liability coverage with an application that stated we don't have drinking after 2 AM. That clearly wasn't true, and if an accident involving alcohol consumption after 2 AM occurred, our policy could have been cancelled because of this, leaving us on the hook to defend against any claims. So we needed to take immediate action so that the space's policy now matches what was on that original application.
At the same time, we inquired about changing the application to a later time or 24 hour. Our current insurer would extend to 5 AM for an extra $5000 per year in premiums. In this case, we would still need a policy ending drinking at 5 AM. Or we could go with a different insurer who will write 24 hour coverage, but the minimum premium they charge is $10,000 per year so we did not request a quote. --Rdpierce (talk) 10:32, 27 April 2015 (CDT)