Re: Directors and Officers Insurance
Re: Directors and Officers Insurance
- Subject: Re: Directors and Officers Insurance
- From: email@hidden
- Date: Tue, 10 Jun 2003 14:32:17 EDT
In a message dated 6/10/03 10:50:53 AM, email@hidden writes:
>
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.
>
So what if your MUG is not incorporated? I am not sure I understand the
differences and I am trying to find the benefits for having liability
insurance.
It seems as if in today's world that one or many can be sued for just about
any reason! We are not a not-for-profit
because we don't want to mess with the tax snafu (although we are non-profit)
Thanks for any help, we are a smallish group of 75-100 members depending on
the time of day.
Del
www.smug.org
email@hidden
M.J. Del Missier
SMUG iPresident
Apple Product Professional
Spartanburg Mac User Group
An ongoing Piedmont Experience
Defragging The Upstate for 17 Years
Apple User Group Advisory Board Alum
Open the iPod door, HAL!
"... because the ones that are 'crazy enough'
to think that they can change the world...
... are the ones who do." o#?
T H I N K D I F F E R E N T
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