Thanks for your comments. I do indeed use a specialized broker and the policy I have is limited and specialized for this application alone. Despite its narrow coverage, the cost is four times higher than my general commercial liability insurance! Between the two policies I am paying $5,000 a year in insurance costs alone! Imagine how many donations go to just pay for this. While I am able to pay such expenses, if someone were to try to make a living from reviewing gear, would not likely be able to justify it and would so go without this level of protection. Hence the idea of creating this organization and bringing volume to the insurers and with it, lower the cost.
Even my commercial liability insurance is suboptimal, meant for brick and mortar businesses and not someone who has no employees, no retail space, no contractors, etc.
Of course. I formed an LLC immediately before the forum was even started. I have great attorneys and consulted with them in general and specifically. There is a reason I have the defamation policy coverage. As to assets, indeed ASR has plenty and this was my concern. That is, the LLC would protect my personal assets but not the $200K+ I have invested into ASR, a lot of which is hard assets such as measurement gear, audio products, etc.
As I have noted and you well know, such an initial discussion at hourly rates of $300 to $500 would easily run into serious expense. It usually takes me an hour to explain an issue to my lawyer. Then they want to review things and huddle back. Next thing you know, you are in for a few thousand dollars. Again, I can afford to do this but not the average youtube reviewer.
I wish I had the time to dedicate to this organization as I think it is so needed across all domains of reviews, and not just audio.