CV,
You can incorporate to protect your officers from litigation as individuals, but still need insurance for your group. Our PTO is unincorporated (because it is too costly in CT)and carries General Liability for the organization and Officer Liability for the the individual officers. Annually it costs us less than $500 for both.
No, there is no such thing as "enough insurance". All you can do is prepare the best you know how. Don't do something that doesn't make sense.
I know you are getting tired of my posts but we are quickly trying to make a decision and get all of this straight in our heads.
When you incorporate you are basically after protection for officers and members. If we get insurance it is basically for protection of officers, members, property, etc.
In the event of a lawsuit, is having insurance enough? It appears it is the simplest route but is it enough? I know in some cases the school districts insurance would be in effect but we can not depend on that to cover officers personally if some weirdo were to want to clean house.
Like I said we are needing to make a quick but informed decision. I know this is not something to take lightly but we have some IRS issues to clear up and we need to make the decision to incorporate first, before we proceed.
