Business Insurance

As we open MalamaDoe, our insurance agent requires a copy of each member’s Certificate of Insurance. Pretty straight forward for folks who have a business, BUT what about telecommuters working for a company? This CPA telecommuter does not own a business and, hence does not have business insurance. She is the ONLY telecommuter at her company, so she and her company have no experience securing insurance or statement of coverage applicable for coworking. What can you suggest? How do you handle certificates of insurance for telecommuters? Julie

As we open MalamaDoe, our insurance agent requires a copy of each member’s Certificate of Insurance.

That’s unusual for coworking, and as you’ve found a pretty obvious case where it doesn’t make sense, you’ll need someone who understands coworking and knows how to communicate with an underwriter. My agent explained to me that many insurance agents (and their underwriters) treat members as tenants rather than organizational members, so you end up with weird situations like this. You need someone who is going to really understand your environment and create a policy for it.

Naturally, this is also going to vary a bit from region to region, but generally speaking you’re gonna want a policy that doesn’t create more hoops for your members to jump through.

-Alex

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On Wed, May 3, 2017 at 10:49 AM, [email protected] wrote:

As we open MalamaDoe, our insurance agent requires a copy of each member’s Certificate of Insurance. Pretty straight forward for folks who have a business, BUT what about telecommuters working for a company? This CPA telecommuter does not own a business and, hence does not have business insurance. She is the ONLY telecommuter at her company, so she and her company have no experience securing insurance or statement of coverage applicable for coworking. What can you suggest? How do you handle certificates of insurance for telecommuters? Julie

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The #1 mistake in community building is doing it by yourself.

Better Coworkers: http://indyhall.org

Weekly Coworking Tips: http://coworkingweekly.com

My Audiobook: https://theindyhallway.com/ten

I recommend these guys, http://www.nicholashillgroup.com/coworkinginsurance/

I use them and several space owners do in the area. They have gone through the questioning process with us and understand the business.

Thank you for the reply Alex. Your response highlights that we have an insurance agent just not getting the business model. We were advised to set up our agreement with members, as opposed to tenants. But our agent is viewing them as tenants. Time to go back to the agent…

thanks, Julie

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On Wednesday, May 3, 2017 at 9:56:15 AM UTC-5, Alex Hillman wrote:

As we open MalamaDoe, our insurance agent requires a copy of each member’s Certificate of Insurance.

That’s unusual for coworking, and as you’ve found a pretty obvious case where it doesn’t make sense, you’ll need someone who understands coworking and knows how to communicate with an underwriter. My agent explained to me that many insurance agents (and their underwriters) treat members as tenants rather than organizational members, so you end up with weird situations like this. You need someone who is going to really understand your environment and create a policy for it.

Naturally, this is also going to vary a bit from region to region, but generally speaking you’re gonna want a policy that doesn’t create more hoops for your members to jump through.

-Alex


The #1 mistake in community building is doing it by yourself.

Better Coworkers: http://indyhall.org

Weekly Coworking Tips: http://coworkingweekly.com

My Audiobook: https://theindyhallway.com/ten

On Wed, May 3, 2017 at 10:49 AM, [email protected] wrote:

As we open MalamaDoe, our insurance agent requires a copy of each member’s Certificate of Insurance. Pretty straight forward for folks who have a business, BUT what about telecommuters working for a company? This CPA telecommuter does not own a business and, hence does not have business insurance. She is the ONLY telecommuter at her company, so she and her company have no experience securing insurance or statement of coverage applicable for coworking. What can you suggest? How do you handle certificates of insurance for telecommuters? Julie

Visit this forum on the web at http://discuss.coworking.com


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Craig, thank you for the suggestion. Will definitely see if they can write our policy. Julie

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On Wednesday, May 3, 2017 at 10:31:45 AM UTC-5, Craig Baute - Creative Density Coworking wrote:

I recommend these guys, http://www.nicholashillgroup.com/coworkinginsurance/

I use them and several space owners do in the area. They have gone through the questioning process with us and understand the business.