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| insurance https://www.rypn.org/forums/viewtopic.php?f=1&t=4940 |
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| Author: | Jim Lundquist [ Thu Jan 30, 2003 2:44 am ] |
| Post subject: | insurance |
Hi folks: can anyone give me directions/suggestions regarding insurance for: train operartions liability workers on the railroad officers and directors Is info available/policies available thru ARM or TRAIN? Does someone have a broker with GREAT connections? It's time to shop our policies and I would love other quotes. Thank you. Pacific Southwest Rly Museum jim@sdrm.org |
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| Author: | Brian Norden [ Thu Jan 30, 2003 4:05 am ] |
| Post subject: | Re: insurance |
> Hi folks: > can anyone give me directions/suggestions > regarding insurance for: > train operartions liability > workers on the railroad > officers and directors > Is info available/policies available thru > ARM or TRAIN? Does someone have a broker > with GREAT connections? It's time to shop > our policies and I would love other quotes. > Thank you. Jim, It is tough times right now and it may not get better for a few years. There are two insurance firms (brokers) that show up at the ARM and TRAIN conventions. At this time I cannot recall the names of both of them. But I am personally aware of one of them. He is Mike Deeble of HMBD Insurance who markets as "Railroad and Trolley Insurance" See his website: http://www.trainweb.com/railroadtrolleyins/ Mike is a member of OERM and has handled our insurance for a number of years. But even that is not helpful in today's market. Our D&O insurance went up about 20%. But our liability insurance had to be placed with the one remaining firm that is writing museums and tourist railway insurance; the cost more than doubled! Brian Norden bnorden49@earthlink.net |
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| Author: | Linn W. Moedinger [ Thu Jan 30, 2003 7:16 am ] |
| Post subject: | Re: insurance |
Another agent I can recommend is Bob McCarthy. rmccar@penn.com linnwm@supernet.com |
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| Author: | L Beckman [ Thu Jan 30, 2003 10:13 am ] |
| Post subject: | Re: insurance |
> Another agent I can recommend is Bob > McCarthy. rmccar@penn.com Jim: If you haven't read it, check out the 1/15//03 editorial by Bob McCarthy on this website. All rail museums are biting the bullet! midlandblb@cs.com |
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| Author: | BobK [ Thu Jan 30, 2003 11:23 am ] |
| Post subject: | Re: insurance |
I would suggest that each one of your officers and or directors take out a separate liability rider on their home owners policy for one million. These can be had for a couple hundred dollars a year. Mike Deeble is in Long beach CA and has good experience writing policies for train related needs. Mike Deeble in Long Beach CA 562 439 9731 |
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| Author: | Superheater [ Thu Jan 30, 2003 8:05 pm ] |
| Post subject: | Re: insurance |
> I would suggest that each one of your > officers and or directors take out a > separate liability rider on their home > owners policy for one million. > These can be had for a couple hundred > dollars a year. > Mike Deeble is in Long beach CA and has good > experience writing policies for train > related needs. > Thats a very good idea. Whether or not you serve on a board, its money well spent. I became aware of a case in my area where an adept financial advisor recommended the purchase of this insurance by clients. When one guest's dog bit another guest's child in the face at a party, they found out that they were protected from a multihundred thousand dollar lawsuit. However, if you are organized as a non-profit, and you have people who don't have homeowner's insurance, you might want to get D&O. As a general rule, its often handled by alien (outside the U.S.) companies. If you aren't looking for mega limits, your organized as a 501c3 and your state is a "volunteer immunity" state-it can be quite reasonable. Superheater@rrmail.com |
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| Author: | Jim Lundquist [ Sat Feb 01, 2003 3:12 pm ] |
| Post subject: | thank you all |
I'll be in contact with these people. Jim Pacific Southwest Rly Museum jim@sdrm.org |
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