- 14,233
- 1,651
- 113
- Location
- Dayton, OH
Yes, Clint can confirm but that was part of the LLC to reduce exposure.Did you ever use liability insurance for the event?
Steel Soldiers now has a few new forums, read more about it at: New Munitions Forums!
Yes, Clint can confirm but that was part of the LLC to reduce exposure.Did you ever use liability insurance for the event?
Why couldnt a simple say 2 million dollar umbrela policy for the same 400 bucks that the LLC would cost in TN work ?Yes, Clint can confirm but that was part of the LLC to reduce exposure.
.Why couldnt a simple say 2 million dollar umbrela policy for the same 400 bucks that the LLC would cost in TN work ?
Well, we purchased a policy for each year (each event) starting around.... 2015? but we never filed any claims.Did you ever use liability insurance for the event?
I am aware of this, I own two other companies. Not a big deal IMHO. Just paperwork.I feel sure everyone is aware of the NEW requirements as of 1/1/24 for LLC. in the U.S. its a lot harder to keep your name off of certain paper work ! They darn near want a D.N.A. sample to go with every LLC /SUB S it would be a automatic to seek an attorneys opinion on how to protect who evers name is on the dotted line !
So imagine someone gets hurt at Windrock. Say a person backs up in the dark and runs over a kid. Windrock would be sued but also the rally. Windrock's policy would cover their aspect ( defense / payout). Windrock's policy wouldn't do anything for us, so we'd be high and dry.Im curious if we pay whatever that windrock wants for us to have a field for vendors to set up why their liability insurance isnt covering them in case of litigation of something that may or may not have happend on their property !
This analogy isn't valid, as it isn't apples to apples.My analogy is why get an LLC to buy a ticket at a theater to go in and watch a movie the theater is the one that need the protection
I have a separate umbrella on me ! Maybe its not called an umbrella it might just be a policy on me but not with auto/home owner company I know its 200 for a mil per year cause i just paid it a few weeks back i will ask next trip to the ins co..
Generally an Umbrella is part of a regular policy. Meaning the Umbrella will help when you get sued after your regular insurance policy is exhausted...
When are you going?Just 2 cents, but should we not identify a date, (First week of October), and make that a pivot point for redevelopment?
Thoughts?