Tuesday, July 10, 2012, 3:00 AM
City contractors face big bills for 'perv insurance'
"Requirement to carry extra coverage for sex assault payouts protects city taxpayers but is major hurdle for small operations like Atlas NYPD Cops for Kids boxing program.
WITH PEDOPHILES [sic] dominating the headlines, the pervert problem has gotten so out of control that the city is requiring abuse and molestation insurance for contractors.
Experts say it’s a wise policy that protects taxpayers from massive payouts to sexual assault victims, but the pricey requirement could hurt the little guy stuck paying for the sins of others.
“Not only did (Penn State coach) Jerry Sandusky hurt those kids in Pennsylvania, it's going to have repercussions for kids all over the country,” said ex-NYPD Detective Pat Russo, who heads the Atlas NYPD Cops for Kids Boxing Program.
The free Staten Island boxing program for low-income kids is on the ropes because it can’t afford the expensive price for protection against predators.
Russo says he sank $25,000 in retrofitting a gym at the public Berry Houses project but discovered that the $2,000 a year he pays for general liability insurance at his four other boxing gyms doesn’t include molestation coverage.
His insurance broker told him that would run him another $15,000 a year.
“We could never handle that,” he said."