GSBF Insurance Coverage

GENERAL LIABILITY, DIRECTORS & OFFICERS INSURANCE COVERAGE
FEB. 15, 2009 through FEB. 15, 2010

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, our coverage limit for both General Liability and Directors & Officers are three Million dollars each.

The 2010 premium for General Liability Coverage is $125 for clubs which they have 50 members or less and for clubs more than fifty members is $2.50 per member.

The 2010 premium for Directors & Officers Coverage is $250 for each club.

Clubs wishing to procure General Liability Coverage and/or Directors & Officers Coverage for 2010 should pay their GSBF membership ($30) 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 are any changes 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 $35 payment for each certificate requested. If additional Certificates are required, you may copy the form.
Issuing certificate is a time consuming process, and it is impossible to issue a certificate without Underwriter review, please plan ahead and send your request at least three weeks prior to your show or any events which requires certificate of insurance.

Postmark deadline for submission of your 2010 insurance applications is February 1, 2010. Late applications will require an additional $45 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

Download the forms here