So I called American Specialty Insurance, the Insurance Provider for
the League of American Bicyclists, as recommended in the wiki and was
told that they only offer insurance for club rides, not for
organizations. We aren't interested in doing rides or races or
anything like that, we basically just need insurance for the shop. (I
think i've seen $1M in liability recommended on the list). Am I being
fed a line by Am Specialty? I emailed LAB directly and have not
received a reply in two weeks, nor do I see a phone number telling me
it wouldn't be very good insurance if I can't even get a hold of them.
Did I read all this wrong? What am I missing? If i'm not missing
anything where do you shops go to get the liability coverage? Thanks,
Andrew
Peter Garver of Ohio City would be a good person to ask about the LAB insurance. I do know the LAB is going through some organizational changes.
In Salt Lake City, as a 501(c)(3), we joined our local non-profit association (http://www.utahnonprofits.org/ ) and they had a recommended insurance company that dealt with non-profits ( http://www.beehiveinsurance.com/). Our yearly rate is around $1,500.
If I were you (and assuming you are a non-profit) I would contact the National Council of Non-Profits ( http://www.ncna.org/index.cfm?fuseaction=Page.viewPage&pageId=149) and see what they would recommend. Otherwise you could contact Beehive Insurance and ask who their underwriters are. All insurance companies have their own insurance company called an underwriter. And chances are that underwriter might insure a company local to you.
Hi Andrew,
NBW has been using the LAB insurance for the past eight years. It is designed for bike clubs, not for non-profits in general. First you have to join LAB as a club. We are insured only for bicycle related activities of our members, including classes in bike repair and safety, which is good because we actually do more of those than we do rides! The LAB insurance is not product liability insurance that you might want if you are selling things in the manner of a bike shop and want to be covered if someone sues you for selling them (or giving them) a dangerous bike. It also only covers your members. For this reason we have all volunteers and participants join our club and buy insurance that we know will be for plenty more people than will come through our door in a year. It is quite a bit of paperwork--our own club membership form and an LAB one. If you are clearly a bike shop and not a club it won't work, though.
NBW is also a member of Pennsylvania Association of Non Profit Organizations, which recommends insurance companies to Non Profits. There may be something similar in your state. You mentioned having a fiscal sponsor--perhaps they can get you on their insurance somehow. I know a tool library that has done that here in Philly.
Good luck
Andy
Andrew Bushaw wrote:
So I called American Specialty Insurance, the Insurance Provider for
the League of American Bicyclists, as recommended in the wiki and was
told that they only offer insurance for club rides, not for
organizations. We aren't interested in doing rides or races or
anything like that, we basically just need insurance for the shop. (I
think i've seen $1M in liability recommended on the list). Am I being
fed a line by Am Specialty? I emailed LAB directly and have not
received a reply in two weeks, nor do I see a phone number telling me
it wouldn't be very good insurance if I can't even get a hold of them.
Did I read all this wrong? What am I missing? If i'm not missing
anything where do you shops go to get the liability coverage? Thanks,
Andrew
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Jonathan Morrison