DM Training and DM Insurance Costs

[Jim Lapenta]

No. You only need to pay for the years you are active. However as was said earlier if you get sued for something during one of those years you were not covered and you were acting as a DM in ANY capacity you are screwed.

 

[616fun]

Here's a link to the jargon of 'claims made' insurance I alluded to in my previous post:

http://www.insurancejournal.com/magazines/west/2005/10/03/features/61167.htm

Basically, you'd need to buy inactive coverage until the statute of limitiations to sue you are expired (statutes vary by state) or you begin DMing again and buy full coverage.

 

[ekewaka]

If I take the class and get certified, but I never actually work as a DM, will I still need insurance?

 

[oly5050user]

If I take the class and get certified, but I never actually work as a DM, will I still need insurance?

Nope..just pay annual dues to keep rating active..if you lapse for a determined length of time (?)you may have issues come renewal time.Standards/procedures change over time and if you lapse the training agency wants to be assured that you are aware of them.

 

[fishballer]

just curious, how much are annual dues to keep the rating active?

 

[Jim Lapenta]

70 bucks.

 

[atedeschi]

Not to hijack the thread but how much is Instructor Insurance running now? I am getting my instructor cert and wanted to start figuring out insurance prices. Thanks in advanced.

 

[616fun]

Not to hijack the thread but how much is Instructor Insurance running now? I am getting my instructor cert and wanted to start figuring out insurance prices. Thanks in advanced.

$497.33 last year for Witherspoon, I think V & B is about $580. I only know Witherspoon because I have a copy sitting on my desk right now