D&O Insurance

Lists: spi-general
From: Robert Brockway <robert(at)spi-inc(dot)org>
To: SPI General List <spi-general(at)spi-inc(dot)org>
Subject: D&O Insurance
Date: 2012-04-22 02:30:48
Message-ID: alpine.DEB.2.00.1204221230181.24272@castor.opentrend.net
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Lists: spi-general

Hi all. SPI is investigating options for Directors and Officers
insurance.

I'm interested in any recommendations for insurance companies, brokers or
other organisaations who offer D&O insurance packages suitable for US
not-for-profit corporations. Please feel free to provide recommendations
in reply to this email or via private email if you prefer.

Here are a couple of recommendations I have already:

Nonprofit Coordinating Committee of New York
http://www.npccny.org/info/oi2.htm
Using NPCC's insurance requires being a member of the organisation.
Membership would cost no more than $250 and seems to provide affordable
D&O insurance for members.

The Weiner Company
http://www.weinerco.com/
A similar FOSS foundation went through this company and were apparently
happy with the result.

I will be getting pricing for D&O insurance and presenting it for
discussion.

Cheers,

Rob

--
Director, Software in the Public Interest, Inc.
Email: robert(at)spi-inc(dot)org Linux counter ID #16440
IRC: Solver (OFTC & Freenode)
Web: http://www.spi-inc.org
Free and Open Source: The revolution that quietly changed the world


From: Jimmy Kaplowitz <jimmy(at)spi-inc(dot)org>
To: Robert Brockway <robert(at)spi-inc(dot)org>
Cc: SPI General List <spi-general(at)spi-inc(dot)org>
Subject: Re: D&O Insurance
Date: 2012-04-22 04:20:45
Message-ID: 20120422042045.GR4308@kaplowitz.org
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Hi,

On Sun, Apr 22, 2012 at 12:30:48PM +1000, Robert Brockway wrote:
> Nonprofit Coordinating Committee of New York
> http://www.npccny.org/info/oi2.htm
> Using NPCC's insurance requires being a member of the organisation.
> Membership would cost no more than $250 and seems to provide affordable
> D&O insurance for members.

NPCC seems like a great organization with lots of useful resources. If we have
sufficient connections to NYC for them to want to accept us, we should join
them whether or not we get the insurance from them. We do have two non-officer
board members in NYC, and held one event here (DebConf10), and have ties to
parts of NY state other than NYC, but that's it.

> The Weiner Company
> http://www.weinerco.com/
> A similar FOSS foundation went through this company and were apparently
> happy with the result.

If they've dealt with a FOSS foundation before, that's useful relevant
experience for them to understand us. Even more so if the foundation's
leadership was international and mostly working remotely as volunteers.

> I will be getting pricing for D&O insurance and presenting it for
> discussion.

Wonderful, thank you.

- Jimmy Kaplowitz
jimmy(at)spi-inc(dot)org