I am currently dealing with a similar issue with my program's booster club. Check with your district's risk management and isurance division. LAUSD requires approved parent groups to carry their own insurance. Check out www.ptoinsurance.com

youll probably get lots of great answers to this here, but you might get it straight from the horses mouth, your school districts legal counsel! only they konw what their insureacne covers in your case with your chnaging 'status'and if that will affect anything that presently is covered.

OK-so our group is becoming independent, getting our exempt status, etc. We have always been under the school's umbrella, until now.
Our bylaws are set, we have all of our "financial stuff" in order (thanks to an AWESOME CPA dad!!), but the question of insurance has come up. I just assumed that we would need to get some. Our Principal, who is a very active part of our group, says we don't need to, because any "school activity" is covered under the district's insurance. I'm still not convinced. Can anyone offer any insight? Any horror stories of not having insurance, do you REALLY NEED it, and how does everyone else operate? My opinion is, at the very least, I cannot justify spending taxpayer money to cover activities conducted by a non-municipal organization, even if they are at the school. (Not that I'm just dying to spend some "extra" money) I just want to make sure we are not going to get burned.

Thanks in advance!