Business Plan and Insurance
On the 9th Feb 2015 the Shed was advised by Yvette Berry that the ACT Government had approved a grant to the Shed. It as $5,700. It was be used to buy a new laptop to be used for presentations etc plus provision of secure storage and storage shelves at the back of the room under the overhead screen. It was also used to part fund purchase of a modern large screen TV and miscellaneous items
The Shed was successful in receiving a small grant of $2,500 from the Federal Government round of Volunteer Grants for 2009. These funds were used to purchase an overhead projector and screen for use by Shed members and visitors
AMSA & Shed Insurance
Shed Annual Affiliation Fee
Dec 2019 – Shed Insurance – The Shed’s committee discussed insurance issues at the first meeting of the new committee. Insurance has been paid on the basis of 55 members, which was a generous estimate of the average attendance each week. However, there are now over 100+ members on the books and some attend only a couple of meetings a year, which means they contribute very little to the insurance.
After carefully considering the issues, the committee decided that every Shed member should pay an annual affiliation fee of $12, which will partly pay for the insurance of about $19 per head. It has the advantage of clearly identifying those who are covered by the insurance, in the event a claim is necessary (some non-members participate in Shed activities, such as cycling). The insurance covers public liability for the Shed and members while they are engaged in Shed activities.
The $12 will become due at the start of each calendar year, which gives the Shed time to collect it before the insurance premium has to be paid in April. Ideally, members will pay by EFT but it will also be possible to pay by cash. It will be named a “Shed Annual Affiliation Fee”.
The $12 is due at the end of Jan in the future. The preferred method of paying is by EFT to the Shed’s account, which will minimise the work required by our Treasurer (Paul Taylor) in keeping track of payments. The Shed’s bank account details are: – Bank: St George BSB: 112908 Account no: 429515699. Please add your Initial and Surname to the reference area. It is also possible to pay by cash; see Paul Taylor. It is important to note that the current method of collecting funds via the tin next to the sign-on sheet will remain in place. These weekly contributions are our major source of income. They will pay for our ongoing commitments (rent, electricity, coffee, biscuits, pizza etc) plus the balance of the insurance not covered by the $12 levy
However it is noted some people have paid $50 upfront for the year covering the $12 insurance with the balance of $38 going towards regular meetings contributions.
We use the AMSA provided insurance policies.
Details of the Feb 2019 – Feb 2020 policies, some 2021 items and related information are below. Firstly read the FAQs. It would seem that most of our activities are covered including exercises, bike riding, walking, excursions and even public BBQ fund raising. However some things are not. Note the public liability policy excludes coverage for caving, abseiling, rockclimbing, hunting and use of live ammunition, and zorbing, etc
You must seek medical assistance and use Medicare services before seeking any insurance claims through the Shed policy
The first 3 items below cover items of interest to us. Note the first is an extracted version of Items 9 & 10 from the FAQ below it
AMSA Insurance FAQs – ver 6 2020-21 This is a key document that answers most of your questions. Its sections 9 & 10 provide the summary above
Folder of AMSA Policy Docs 2019-20 – Note these are all hard reading