It Makes No Sense for Non-Profits to Buy Insurance from Generalists

Posted by Phil Wightman on Fri, May 20, 2016 @ 09:00 AM

A non-profit exists to serve its specific community and to fulfill its mission. Most brokers are “generalists.” They may or may not have specific knowledge about the products they sell and the types of clients they sell to—that’s because often “selling” is all they care about. At best they may be able to offer advice on simple insurance products. What’s certain is that only a very small minority of insurance brokers have any expertise whatsoever when it comes to providing professional insurance and risk management advice to the non-profit community. The good news? There are exceptions.

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Topics: Insurance, Non-Profits