Your both wrong, people can still sue the organizers, personally. There is nothing stopping anybody from suing the owner of the LLC, the legal term is "Piercing the corporate Veil". Law 101. It still amazes me how many people talk out of their ass when it comes to legal issues... everybody is an expert. They hide this sort of information in BOOKS.
Insurance isn't a problem at all, its approx. $411/month which covers up to 100 people per week. Here's the breakdown on the coverage.
You will also need to attach your Air Soft field safety rules with your
application. If you have any questions please call our toll-free number
888-xxx-xxxx or contact me by email at your earliest convenience!
PAINTBALL FIELD-AIRSOFT INSURANCE ESTIMATION
Your estimation based on approximately 5200 total annual players is as
follows:
Total Annual Estimated Premium $4,934.00
Installment Payment Plans are available with this program.
POLICY LIMITS
$2,000,000 General Aggregate
$1,000,000 Bodily Injury & Property Damage Each Occurrence
$1,000,000 Products-Completed/Operations Aggregate
$1,000,000 Personal and Advertising Injury
$ 50,000 Fire Damage and one fire for premises rented to you
$ 25,000 Accident Medical on any one person $250.00 Deductible
Accident medical coverage for your employees is available with this program
for an additional premium.
Business product and retail liability coverage for paintball retail stores
is also available for an additional premium if you currently operate an
insured field!
I am attaching the field insurance application for your consideration. Our
underwriters do require an application to provide a firm quotation and
coverage is subject to underwriting approval. We appreciate your interest in
our program and wish you the very best with your paintball venture. Choose
the buying power of over 500 paintball fields & stores. Choose xxxxx!
I look forward to your response.
One thing to keep in mind is this insurance will only apply to 18yrs and older. The insurance company won't insure those under 18yrs.
The Asset Protection Law Center - guote(law 101)
"The lawsuit protection features of the corporation will be available only if the integrity of the corporation as a separate and distinct entity, apart from the individual, is respected by a court and by the Internal Revenue Service. In matters involving a lawsuit by an injured party, especially if a corporation has no significant assets, the plaintiff will attempt to convince the court that the corporate entity should not be respected and that the principals of the company should be personally liable. In these cases, the plaintiff is attempting to pierce the corporate veil in order to obtain a judgment against the principals, who may have personal assets sufficient to satisfy a judgment.
There are many reported cases on this topic, and the outcome is usually determined by whether the corporation carries out its business and looks and acts the way a corporation should. If the principals treat the corporation and hold out the corporation to third parties as a separate and distinct entity, the court will usually uphold the status of the corporation and will not find personal liability. However, if various corporate formalities are not consistently observed, the corporation will be disregarded and the individuals may be held personally liable.
One of the major problems with the corporate format for small businesses is that as a matter of course the shareholders, officers, and directors will be named in any lawsuit against the corporation. The plaintiff will attempt to pierce the corporation or will argue some theory to make the defendants responsible. In a significant number of these cases, when there is a judgment against the corporation, the court will disregard the legal protection of the corporation and will hold the defendant shareholders, officers, or directors liable.
Much of the practical protection offered by the corporate form is rendered meaningless by these cases. Sometimes the protection is upheld, and sometimes it is not. This lack of certainty makes business planning—and sleeping at night—difficult. Since the shareholder will almost always be named as a defendant in the lawsuit, even if he is ultimately successful, the attorney’s fees and the costs of defense can be financially ruinous.
There are two solutions to this problem. If you are a principal shareholder or officer/director of a corporation, use a proper asset protection plan to shield your personal assets from the potential liability associated with the corporation. Alternatively, use a Limited Liability Company (LLC)—instead of a corporation to conduct business."
This is why I mentioned LLC's and Nevada Corporations. As long as your stuff is in order then is it nearly impossible to pierce.
This is why people like Madonna, and Dennis Rodman use Nevada Corporations. This system fends off 99% of the suits they encounter. I know because I was a VP of a Nevada Corp two years ago and It cost about 4000.00. It offers great protection because you can't open the books unless the US Supreme Court orders it, and the CEO/ Lawyer that set everything up quits the day after the paperwork is signed and has no knowledge of any members of the corp. Therefore as the former CEO he can no longer be held responsible for the actions of the Corp. This system was started to fight back against frivolous lawsuits.
Ofcourse there is NO perfect system but it is not that easy to pierce as many would think IF you CYA.
As for the Insurance, granted it has been over a year ago but at the time insurance agents said it wouldn't be a problem to do until I was told to ask about safety gear. When I did I found that there is no rating for airsoft goggles. JT was the closest to marketing a pair but could not due to legal issues. Therefore ASTM was going to be approached by the Airsoft Federation and develop specs for it. I do not know the outcome of those meetings.
Since I haven't heard of ASTM airsoft ratings I can only assume that it is not approved yet. (Does anyone know?) Which could cause a very large situation if someone lost an eye because unrated airsoft goggles were used. BTW what would the requirements be for a field facemask or goggles?
I did start talking with the NRA on an idea to promote a IDPA style system with airsoft which their insurance would cover, and they will be at the Airsoft Expo and I'm sure that John Lu will talk with futher about that.
