Does Lightcone have liability insurance? Or any kind of legal insurance or something similar that covers the litigation costs involved in defamation lawsuits? I think posts like these are important, it would be sad if there wasn’t a way to easily protect whistleblowers from having to spend a lot of money fighting a defamation case.
My current model is that we have enough money to defend against a defamation lawsuit like this. The costs are high, but we also aren’t a super small organization (we have a budget of like $3M-$4M a year), so I think we could absorb it if it happened, and my guess is we could fundraise additionally if the costs somehow ballooned above that.
I looked a bit into liability insurance but it seemed like a large pain, and not worth it given that we are probably capable of self-insuring.
I might be confused here, but it sure seemed easy to hand over money, but hard to verify that the insurance would actually kick in in the relevant situation, and wouldn’t end up being voided for some random reason.
Does Lightcone have liability insurance? Or any kind of legal insurance or something similar that covers the litigation costs involved in defamation lawsuits? I think posts like these are important, it would be sad if there wasn’t a way to easily protect whistleblowers from having to spend a lot of money fighting a defamation case.
My current model is that we have enough money to defend against a defamation lawsuit like this. The costs are high, but we also aren’t a super small organization (we have a budget of like $3M-$4M a year), so I think we could absorb it if it happened, and my guess is we could fundraise additionally if the costs somehow ballooned above that.
I looked a bit into liability insurance but it seemed like a large pain, and not worth it given that we are probably capable of self-insuring.
I’m pretty surprised it seemed like a large pain. In my experience it’s been easy to secure.
I might be confused here, but it sure seemed easy to hand over money, but hard to verify that the insurance would actually kick in in the relevant situation, and wouldn’t end up being voided for some random reason.
Yeah, that can be significant work.