If the Club did not have risk/liability coverage in place, where do you think someone with a hankering to sue will go looking ? Right at you, babe...right at you.

Yeah...we all sign a waiver...but if waivers were perfect and infallible, then we'd all sign waivers for everything in life and the personal injury bar would disappear. Fat chance.

Having a layer of insurance at the Club level does provide some amount of shield to all of us individuals. I don't give a rats ass if the insurance protects the Club...screw the Club...I'm alot more selfish...it's covering my ass, too.

Edit - as to why the "minimums" are so high...it's because those are the levels of insurance that we are required to provide by track owners/promotors for the right to play on their pavement. If you don't provide a bond with their required #'s, you ain't racing, period.