GENERAL LIABILITY, DIRECTORS & OFFICERS

INSURANCE COVERAGE

 FEB. 15, 2008 through FEB. 15, 2009

Liability insurance protects the club and its members and association officials from financial loss due to unforeseen incidents that may develop into litigation against members and organizations. No matter how careful an organization is in regards to safety at their general meeting, show, bus trip, workshop, demonstrations, or any kind of activities, accidents may happen.

Golden State Bonsai Federation offers your club a low rate affordable General liability Insurance, which protects your club against the unexpected? This is one of the many advantages which you receive by being a member of GSBF.

As you may know, there exist the potential of personal liability against directors, officers, employees, and volunteers of your organization for activities, responsibilities and decisions associated with your club. In addition to General Liability Insurance, GSBF also offers a Club Directors and Officers liability Coverage.  Unlike General liability Insurance, Club Directors and Officers liability Coverage provides protection for your personal assets in the event you are held personally liable for any wrongful act, error or omission in your capacity as a director, officer, and employee or volunteer.

GSBF Board of Trustees has again approved a very comprehensive General Liability and Directors  & Officers Insurance Program for the Year 2008.  The premium for General Liability Coverage is $100 for clubs that they have 50 member or less and for clubs more than fifty members is $2.00 per member. Directors & Officers Coverage premium is $250 for each club.  Clubs wishing to procure General Liability Coverage and/or Directors & Officers Coverage for 2008 should pay their GSBF membership and fill out separate application for each coverage and mail along with their payments to Abe Far.  The actual premium charge has been received from the Underwriters, but if there is any increase in the premium charge, you will be informed.

Club requiring “Additional Insured Certificates” should complete the attached form for each certificate and mail along with the $25 payment for each certificate requested.  If additional Certificates are required, you may copy the form.  Postmark deadline for submission of your 2008 applications is January 20, 2008. Late applications will require an additional $25 fee.

(Note: All forms and payments should be forwarded through your GSBF Insurance Chair Abe Far and not to Insurance Company)

For questions please, phone (619) 234-3434 or E-Mail AbeFar@cox.net

GSBF Insurance Chair

Abe Far