<html><body><div style="font-family: Arial; font-size: 12pt; color: #000000"><div aria-label="Compose body">Nancy,</div><div aria-label="Compose body">Your are correct in your assessment. The firm will be putting the dollar amount on their "time".</div><div aria-label="Compose body"><br></div><div aria-label="Compose body">I just want to remind the board that we did discuss just increasing the the coverage. We then conversed as to how much is or would be enough if we were sued. I believe I did inform the board that I discuss this with Capt. Nadeau and he said if the cost for additional coverage was reasonable then increase the amount. I followed the board's request to look into the cost of reviewing our coverage and have them make an assessment and recommendations. The current cost for $3,000,000 is $5,130.00 and if increased to $5,000,000 it would be $7,130.00, a $2,000 increase. Please advise which course of action the board wants to take -</div><div aria-label="Compose body"><br></div><div aria-label="Compose body">David Wajda</div><div aria-label="Compose body">Commodore</div><div><br></div><hr id="zwchr"><div style="color:#000;font-weight:normal;font-style:normal;text-decoration:none;font-family:Helvetica,Arial,sans-serif;font-size:12pt;" data-mce-style="color: #000; font-weight: normal; font-style: normal; text-decoration: none; font-family: Helvetica,Arial,sans-serif; font-size: 12pt;"><b>From: </b>"Nancy Gulley" <nancgulley@gmail.com><br><b>To: </b>"Board of Directors" <board@portsmouthyc.org>, info@blueberrybayfarm.com<br><b>Sent: </b>Wednesday, March 29, 2017 9:03:00 PM<br><b>Subject: </b>Re: [Board-2017] Insurance Review<br><div><br></div><div>Quick question... The $1500 is a retainer. As I read your info Dave - I understand that once they see the. info they will then inform us how much more It could cost. Is this correct? I think I agree with Ron. Perhaps just increasing the board and clubs coverage to $5 million would work.</div><div>Nanc</div><div> <br><div class="gmail_quote"><div>On Wed, Mar 29, 2017 at 4:39 PM Ron Laurence - Blueberry Bay Farm <<a href="mailto:info@blueberrybayfarm.com" target="_blank" data-mce-href="mailto:info@blueberrybayfarm.com">info@blueberrybayfarm.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex" data-mce-style="margin: 0 0 0 .8ex; border-left: 1px #ccc solid; padding-left: 1ex;"><div lang="EN-US" class="gmail_msg"><div class="m_3759773926146459439WordSection1 gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d" class="gmail_msg" data-mce-style="font-size: 11.0pt; font-family: 'Calibri',sans-serif; color: #1f497d;">Dave:<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p><p class="MsoNormal gmail_msg"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d" class="gmail_msg" data-mce-style="font-size: 11.0pt; font-family: 'Calibri',sans-serif; color: #1f497d;">I very much appreciate your pursuing and efforts so far in this matter, that I brought up. However, while I am not an insurance expert, or an attorney, I\u2019m not sure that a review of our liability insurance by an attorney is money well spent. According to paperwork from Joe Cunningham, I\u2019m confident that the club and its officers and directors are protected on liability claims up to $3million. What I\u2019m deeply worried about is a claim, and later an award by a judge or jury, <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;">exceeding $3M</span>, in a case where particularly a child, but even an adult for that matter, lost his/her life, because ambulance-chasing personal liability lawyers for the plaintiff convinced them that the club was negligent. Remember, a yacht club, and its officers and directors are <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;">perceived</span> to be wealthy and this would no doubt enter into a judge\u2019s decision into making an award. I believe, in the case of whomever of the officers and directors have net worth over $3M, that it\u2019s a simple fact that these individuals <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;">are not adequately protected</span> and that their assets are at risk. While most likely no one wants to reveal their personal wealth, perhaps if we simply polled the board to find out if increasing our coverage to say $5M or some other number is adequate, and with a unanimous vote, then ask Joe what the cost would be. [and by the way, I have a suggestion as to how we could pay for the increase]. I think the club has an obligation to both its current and future officers and directors that they are protected in the case of such an unlikely event.<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p><p class="MsoNormal gmail_msg"><br></p><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Garamond",serif;color:#002060" class="gmail_msg" data-mce-style="font-family: 'Garamond',serif; color: #002060;">Ron Laurence<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p><p class="MsoNormal gmail_msg"><span style="font-size:16.0pt;font-family:"Garamond",serif;color:#002060" class="gmail_msg" data-mce-style="font-size: 16.0pt; font-family: 'Garamond',serif; color: #002060;">Blueberry Bay Farm<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p><p class="MsoNormal gmail_msg"><span style="font-size:11.0pt;font-family:"Garamond",serif;color:#002060" class="gmail_msg" data-mce-style="font-size: 11.0pt; font-family: 'Garamond',serif; color: #002060;">38 Depot Road<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p><p class="MsoNormal gmail_msg"><span style="font-size:11.0pt;font-family:"Garamond",serif;color:#002060" class="gmail_msg" data-mce-style="font-size: 11.0pt; font-family: 'Garamond',serif; color: #002060;">Stratham, NH 03885<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p><p class="MsoNormal gmail_msg"><span style="font-size:11.0pt;font-family:"Garamond",serif;color:#002060" class="gmail_msg" data-mce-style="font-size: 11.0pt; font-family: 'Garamond',serif; color: #002060;">603-580-1612<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p><p class="MsoNormal gmail_msg"><span style="font-family:"Garamond",serif;color:#002060" class="gmail_msg" data-mce-style="font-family: 'Garamond',serif; color: #002060;"><a href="http://www.blueberrybayfarm.com" class="gmail_msg" target="_blank" data-mce-href="http://www.blueberrybayfarm.com">www.blueberrybayfarm.com</a><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div></div></div><div lang="EN-US" class="gmail_msg"><div class="m_3759773926146459439WordSection1 gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d" class="gmail_msg" data-mce-style="font-size: 11.0pt; font-family: 'Calibri',sans-serif; color: #1f497d;"><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span> <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p><div class="gmail_msg"><div style="border:none;border-top:solid #e1e1e1 1.0pt;padding:3.0pt 0in 0in 0in" class="gmail_msg" data-mce-style="border: none; border-top: solid #e1e1e1 1.0pt; padding: 3.0pt 0in 0in 0in;"><p class="MsoNormal gmail_msg"><b class="gmail_msg"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif" class="gmail_msg" data-mce-style="font-size: 11.0pt; font-family: 'Calibri',sans-serif;">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif" class="gmail_msg" data-mce-style="font-size: 11.0pt; font-family: 'Calibri',sans-serif;"> Board [mailto:<a href="mailto:board-bounces@portsmouthyc.org" class="gmail_msg" target="_blank" data-mce-href="mailto:board-bounces@portsmouthyc.org">board-bounces@portsmouthyc.org</a>] <b class="gmail_msg">On Behalf Of </b><a href="mailto:dswajda@comcast.net" class="gmail_msg" target="_blank" data-mce-href="mailto:dswajda@comcast.net">dswajda@comcast.net</a><br class="gmail_msg"><b class="gmail_msg">Sent:</b> Wednesday, March 29, 2017 1:59 PM<br class="gmail_msg"><b class="gmail_msg">To:</b> Board PYC <<a href="mailto:board@portsmouthyc.org" class="gmail_msg" target="_blank" data-mce-href="mailto:board@portsmouthyc.org">board@portsmouthyc.org</a>><br class="gmail_msg"><b class="gmail_msg">Subject:</b> [Board-2017] Insurance Review<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div></div><p class="MsoNormal gmail_msg"><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span> <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></p></div></div><div lang="EN-US" class="gmail_msg"><div class="m_3759773926146459439WordSection1 gmail_msg"><div class="gmail_msg"><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;">I have been in contact with the firm of Drummond Woodsum, 84 Marginal Way, Suite 600, Portland, ME 04101-2480. Local telephone number is 603-433-3317. I talked with Atty. Tom Watson who actually lives in Portsmouth on New Castle Avenue. He related that a review could take between 3-5 hours and the firm would be asking for a $1500 retainer. Once the paperwork was received, they would review and make a determination of approximate cost. They would send a letter outlining their scope of work and the cost and then ask if we wanted them to proceed. <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div></div></div></div><div lang="EN-US" class="gmail_msg"><div class="m_3759773926146459439WordSection1 gmail_msg"><div class="gmail_msg"><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;"><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span> <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;">I would suggest that they review our Constitution and By-Laws regarding <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;">ARTICLE XVII - Indemnification of Directors, Officers, Agents and Employees</span> to determine if it is sufficient.<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;"><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span> <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;">I twice tried contacting the firm of Pierce Atwood at 1 NH Avenue, #350, Portsmouth, NH but was unable to make contact through their automated system.<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;"><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span> <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;">Please advise if you want to proceed - I gather I am requesting permission to spend $1500 to retain the services of Drummond Woodsum to review our insurance/liability coverage and our Constitution regarding Indemnification.<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;"><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span> <span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;">David Wajda<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div><div class="gmail_msg"><p class="MsoNormal gmail_msg"><span style="font-family:"Arial",sans-serif;color:black" class="gmail_msg" data-mce-style="font-family: 'Arial',sans-serif; color: black;">Commodore<span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span><span class="gmail_msg" data-mce-style="text-decoration: underline;" style="text-decoration: underline;"></span></span></p></div></div></div></div></blockquote></div></div></div><div><br></div></div></body></html>