Workshop insurance

IRC Conversation

15:54 <preaux_homie> what do you need to know?
15:55 <Dan9186[MM]> what does it cover for yall?
15:56 <preaux_homie> $0k in damages 2M for liability
15:56 <preaux_homie> sorry 20K in damages
15:56 <Dan9186[MM]> damage from internal or weather or what?
15:57 <preaux_homie> well this is renters insurance so it dosnt cover the weather
                     that is the bldg owners responcibility
15:58 <preaux_homie> but we have 20k of damage WE do to the blgd
15:58 <Dan9186[MM]> k
15:58 <Dan9186[MM]> and anything for theft?
15:59 <preaux_homie> i dont have it in front of be give me a couple of mins
16:00 <Dan9186[MM]> no rush or anything, is just curiousity
16:08 <preaux_homie> wow boy i was thinking of the wrong policy i have it in front
                     of me now, what do you want to know?
16:11 <preaux_homie> 500 deductible, 5k on business personal protection, liability
                     of the makers is 300k, 5k in medical, 600k in general (theft,
                     fire, explosion, zombie)
16:11 <Dan9186[MM]> some details of what it covers, and the cost of it, i'm trying
                    to get an idea of what we can expect for ours
16:12 <Dan9186[MM]> can you raise the amount on zombie? or will they not let you?
16:12 <preaux_homie> our premium is $325
16:12 <Dan9186[MM]> per 6 months?
16:12 <preaux_homie> i think so
16:12 <Dan9186[MM]> and who is it with?
16:14 <preaux_homie> zombie (general) what costs the most, because it is the
                     "cover all" mount, anytime you make a claim for general
                     things, in our case because we dont own the bldg, would be if
                     a pipe bust and soaks eveything the most we could get is 600K
16:14 <preaux_homie> state farm
16:15 <preaux_homie> or fire, or gangsta invasion
16:15 <Dan9186[MM]> hmm in all that's still not bad
16:15 <Dan9186[MM]> brian mentioned somethin about the first time yall got it you
                    couldn't have fire in the space
16:15 <preaux_homie> no and we have to be listed as a merchant not an origination
16:15 <Dan9186[MM]> what did you have to do to tweak it to get that?
16:16 <preaux_homie> because we had wood floors :-P
16:16 <Dan9186[MM]> so what does it entail to be listed as a merchant on the
                    insurance?
16:16 <Dan9186[MM]> and with the current location it was no issue?
16:18 <preaux_homie> diffrent class, groups generally dont insure equipment just
                     medical and liability, cement floor, and with the listing of
                     origination insurance alcohol consumption is forbidden on
                     site.
16:18 <preaux_homie> but as a merchant is isnt
16:18 <preaux_homie> so we can have drinks at the shop now and if someone gets
                     injured we have insurance coverage
16:19 <Dan9186[MM]> so that affected your 501c3 in no fashion?
16:20 <preaux_homie> no taxes and insurance are seperate, the 501c3 has no
                     limitations on stuff like that, its the same as a cancer org
                     , having a fundraiser and having wine
16:25 <Dan9186[MM]> awesome
16:32 <Dan9186[MM]> thanks for the info
16:32 <Dan9186[MM]> that helps a lot on my estimations
16:33 <Dan9186[MM]> and i'm going to use it in an article on our wiki about
                    insurance
16:37 <preaux_homie> ok i will see if i can get you a copy of our polocy to go off
                     of
16:37 <Dan9186[MM]> that would be awesome