Category: Insurance

Insurance - Surplus Lines Policy for Office Property Coverage

7/24/2013

The following information is intended for archives purposes. There's been some confusion about which p

Memo

To: Tucker Sinatro (by email to tgsinatro@gmail.com)
From: Kelly Kennedy
Re: Nonrenewal of surplus lines office property coverage
Date: 7/11/13

Tucker -
As we just discussed by phone, please do not renew our surplines lines liability and property policy.

Through the League of American Bicyclists and American Specialty, our policy effective 2/1/13 now includes premises liability coverage for our leased office space. I confirmed this with the insurer by phone this morning.

To memorialize what you and I just discussed:

The property policy you obtained for us covered only office property damaged or destroyed by fire.
Loss of office property by theft was not covered by that policy.
Additionally, our bike trailer and bikes have never been insured under any policy obtained through your agency.
Accordingly, our trailer and bikes have been and continue to be self-insured.
Given the limitations of office property coverage, deductibles, depreciation rules, and the limited value of our donated office property, it makes sense not to renew our surplus lines office property coverage.
Therefore, by not renewing that office property policy, we are also self-insured with respect to all the contents of our office.

Thanks for your help.

2013 Workers Comp Insurance Info

7/24/2013

This post is primarily for the Executive Committee, but it will also serve to centralize the workers comp insurance policy info,

Insurer: Workers Comp Insurance is provided via Travelers and Tucker Sinatro for the Sinatro Insurance Agency.

Payment: In 2012 Kelly set the policy up to be paid by autopay, so the policy is paid for 2013 (Amount is $443).

A report is required by Travelers by August 1 2013. The report asks for 941 details, payroll summaries, and state wage reports, so that report is being referred to Ken.

workers_comp_2013_-_bill_policy_reporting_form.pdf
File Size:	287 kb
File Type:	pdf

Download File

workers_comp_2013_-_policyholder_report_due_aug_1_13_ken.pdf
File Size:	65 kb
File Type:	pdf

Download File

New Insurance Policies (and Savings!)

2/1/2013

Thanks to the LAB's work with American Specialty Insurance, we have new General Liability policies and premiums that achieve considerable savings this year.
GL and D&O insurance is in place effective 2/1/13-1/31/14.

Special event coverage is still required for Discover Hartford, but not for other events or TS 101 bike ed programs.