Directors and Officers Insurance
Directors and Officers Insurance
- Subject: Directors and Officers Insurance
- From: Alex <email@hidden>
- Date: Tue, 10 Jun 2003 07:43:25 -0700
I've had a number of responses to my request asking if other groups had
Directors and Officers insurance and I thank you for each of them. Several
asked what the insurance was for. Basically, it protects the members of the
board and other officers of the group from personal liability should the
group be sued. Yes if you're incorporated, you might be shielded from
liability type suits. However, a member could choose to sue claiming some
negligence on the part of the board. Or another could sue because you decide
to not provide a new iBook to each SIG leader. Sounds silly, but silly suits
are encouraged here in the US on the hopes that you'll settle. This
insurance covers the board.
Alex Podressoff
President
Arizona Macintosh User Group
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