Insurance Policy Analysis
Chubb BOP + Umbrella, $3M liability. Teaching covered by GL. E&O gray area. Events/BYOB covered.
- $3M total liability coverage
- Teaching covered by GL
- Events/BYOB covered
- E&O quote pending from Dain
- Waivers recommended for classes
Analysis of JLF's current insurance coverage through Chubb (Business Owner's Policy + Umbrella).
Coverage summary: $3M total liability ($1M BOP + $2M Umbrella). Property coverage for tools and equipment. Business interruption included.
Key findings for new activities: - Teaching/classes: Covered under General Liability. Students are business invitees. Waivers recommended but GL is primary coverage. - Events/rentals: Covered. Peerspace carries their own liability for bookings through their platform. - BYOB events: Covered under GL. Host liquor liability applies (lower risk than if selling alcohol). - E&O (Errors & Omissions): Gray area for design/specification work on custom projects. Quote pending from Dain (insurance broker).
Recommendations: Add participant waiver for classes, document safety procedures, consider E&O rider for custom work specifications.