December 27, 2011

SandBox Comments: Aspen Daily News "Chamber board considers its legal liability exposure"

"According to an article on San Diego-based Aspen Risk Management Group’s website, “charitable immunity,” which is based upon the notion that charitable organizations and individuals should be exempt from legal liability, has faded over time.

The website also says that general liability policies only cover basic exposures, such as premises and operations, and directors and officers may not be protected under a stand-alone liability policy.

When considering how much insurance to carry, nonprofits ought to consider all of their resources and financial strength, as well as the organization’s activities and what can go wrong at any of them, according to the website...."
(sack@aspendailynews.com)

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