Changes

**Jenny

**Jenny

**Brian

**Brian

 

* Other Members

* Other Members

=== Agenda ===

=== Agenda ===

*Insurance agent - update on what had changed in 2015 with our assets

*Insurance agent Paul Claussen Sr.- update on what had changed in 2015 with our assets

Events don't need to be separate insurance. Open house is okay to have and not get extra insurance, regular events also don't need extra insurance. We are off the regular path. When we are being a hackerspace we are all good when it comes to events. Liquor insurance is covered for someone who does something out of the norm because of drinking. There is a fudge factor. We have insurance that cover special events liability. We have 77k+ coverage in assets. Loss of income is low. Fire department charge is covered. Insurance covers the entity not the square footage. Liability is 1M. Directors are covered for liabilities. 501c3 is important and is in the works. We are a new entity for the insurance industry. Umbrella insurance is a possibility. We have enough insurance to restart if the place gets destroyed or is unusable. Flammables was an issue in getting the umbrella policy. Paul will go over the umbrella policy. We will look at what we have acquired over the year. 501c3. We need to inform insurance if we get 430-450 members.  

Events don't need to be separate insurance. Open house is okay to have and not get extra insurance, regular events also don't need extra insurance. We are off the regular path. When we are being a hackerspace we are all good when it comes to events. Liquor insurance is covered for someone who does something out of the norm because of drinking. There is a fudge factor. We have insurance that cover special events liability. We have 77k+ coverage in assets. Loss of income is low. Fire department charge is covered. Insurance covers the entity not the square footage. Liability is 1M. Directors are covered for liabilities. 501c3 is important and is in the works. We are a new entity for the insurance industry. Umbrella insurance is a possibility. We have enough insurance to restart if the place gets destroyed or is unusable. Flammables was an issue in getting the umbrella policy. Paul will go over the umbrella policy. We will look at what we have acquired over the year. 501c3. We need to inform insurance if we get 430-450 members.