Hi All -
I wanted to let you know we finally got an insurance company to quote us for liability insurance. The quoted premium is $875/year.
The lawyer we consulted, the Colorado Good Samaritan Laws, the lawyer Chris talked to, and every other source have said that liability insurance is a fundamental requirement for an organization like ours. It protects key volunteers from lawsuits, and the most important part is it pays for the defense in the case of a frivolous (or non-frivolous) lawsuit. All these things are big deals in the US.
The quote is here. I'd appreciate the go-ahead of the Leadership Council. Yes, this is about 30% of our budget. A very sad thing to do, but I think critical to our emergence as a "real" nonprofit. (We have enough money in the bank to pay the premium now for the next year, and January is when we get the bulk of our donations.)