[Osmf-talk] Treasurer's report for tomorrow's AGM

[Oleksiy Muzalyev]

On 09.12.2016 14:23, Frederik Ramm wrote:
> Hi,
>
>     in advance of tomorrow's AGM, here's a human-readable financial
> report covering the full 2015 business year and the first three quarters
> of 2016:
>
> https://wiki.osmfoundation.org/wiki/Finances/Treasurer%27s_Report_for_the_December_2016_AGM
>
> I'm happy to take questions here or at the meeting tomorrow.
>
> Bye
> Frederik
>
Thank you for the information.

Is it a typing error?

"2016 Business Year

...

On the expense side, in the first three quarters of 2015 [???], we've 
spent £12,000 on hosting, £11,000 on legal fees, £7,500 on insurance, 
£3,000 on accounting, and £3,000 on an in-person board meeting in 
Amsterdam. The legal fees were mainly related to the extension of our 
trademark registration to more countries. "

I am also curious about £7,500 insurance. What it covers? I found via a 
search on the OSMF website that it may cover legal threats (except in 
the USA) and D&O liability. I am curious because I recently acquired a 
private civil responsibility insurance, as it is obligatory now to pilot 
a RPAS with the take-off weight higher than 0.5 kg. I actually read 
several pages of this insurance policy conditions and found out that it 
covers a lot of different scenarios, and it is not limited by territory, 
i.e. it covers the whole world. I do not regret spending some time  
reading it.

Best regards,

Oleksiy