Legal Question in Personal Injury in Washington
Personal liability exposure as bike event sponsor
Context: The ALS Association has chosen to NOT sponsor their annual charity bike ride anymore, citing safety and liability concerns. My friend and I (I have ALS)want to sponsor it (purchase insurance, organize, run it) through our jointly held for-profit corporation.
My question: What is our personal liability exposure? In other words, if someone on the Bike Ride was hurt and sued us, I assume that they could go after any of our corporate assets, but there's not much there. Would they have any claim on our personal assets? Thank you for your help!
1 Answer from Attorneys
Re: Personal liability exposure as bike event sponsor
If you create a corporation or a LLC you would have much less of a chance of personal exposure than if you sponsored the bike event yourself. Talk to a good insurance agent to get the best coverage.
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