Insurance Made Simple Blog

Nonprofit Directors & Officers Insurance Basics

Posted by Elizabeth Wightman on Thu, Sep 03, 2015 @ 02:36 PM

General Information:

All nonprofit corporations are vulnerable to a multitude of Directors and Officers (D&O) exposures from a variety of sources. Nonprofit Directors and Officers Insurance is purchased so that competent professionals can serve as supervisors of nonprofit organizations without fear of personal financial loss. It is also purchased to protect organizational assets and the viability of the organization’s balance sheet.

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It’s Not My Fault! When fault doesn’t matter for Nonprofit Insurance

Posted by Elizabeth Wightman on Thu, Apr 30, 2015 @ 06:36 PM

If it hasn’t been drummed into you yet in my posts then I will say it again.  In order for your General Liability to respond to a claim or a law suit you have to have done something wrong. That “you” is your organization, its employees, directors, officers, and volunteers. That “something wrong” can be defined as acts of negligence, actions or inactions that cause harm to others or others property or being the faulty party in an accident. 

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Topics: Insurance for Nonprofits, Volunteer Accident Insurance, Workers Comp for Nonprofits

Critical Role Volunteer Accident Insurance plays in your Nonprofit

Posted by Elizabeth Wightman on Wed, Apr 22, 2015 @ 02:56 PM

Volunteers play a vital role in the success of most nonprofit organizations and over 65 million people volunteer for nonprofits each year.  If you depend on volunteers to make your programs successful then it’s vital that these volunteers be taken care of.  One way of taking care of them is to ensure that if they are injured they are well cared for and their medical and other costs are paid.

What is Nonprofit Volunteer Accident Insurance anyway?

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Topics: Volunteer Accident Insurance, nonprofit insurance

Are Additional Insureds putting your Nonprofit Insurance at Risk?

Posted by Elizabeth Wightman on Thu, Apr 02, 2015 @ 07:09 PM

Your organization enters into contracts every day.  It’s a necessary to your mission.  But do you know how these contract affect your Nonprofit Insurance?

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Topics: Insurance for Nonprofits, Certificates of Insurance

One Crash Can Ruin Your Event Liability Insurance

Posted by Elizabeth Wightman on Mon, Mar 30, 2015 @ 03:36 PM

Who’s driving whom at your event and what happens if there's an accident?

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Topics: Event Insurance, Event Safety

Blah! Food Vendors vs. Your Event Liability Insurance

Posted by Elizabeth Wightman on Wed, Mar 25, 2015 @ 04:08 PM

Most festivals have some type of food concessions.  Whether it’s a Music Festival, Art & Wine Festival, Community Gathering Event, or Food Truck Meet -Up where people gather there is usually food.  The question is “How do event producers handle the liability associated with food service?”  And “How does it affect their Event Liability Insurance?”

Last year one of our music festival clients was presented with several food poisoning claims even though they did not prepare, serve or sell the food.  This client produces a 3 day music festival.  Almost all of the attendees camp onsite for the duration of the festival and there are many food vendors onsite to feed all of these people.

Last year the temperatures at the festival were unusually hot. The food vendors had a difficult time with refrigeration but more ice was brought in by the festival producer to help.  Unfortunately, the coffee vendor did not create a way to keep the self-serve milk and ½ & ½ cold and it developed bacteria.  A lot of the people who purchased coffee and added the tainted milk and ½ & ½ became very sick.

Not only did these folks miss a lot of the music 

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Topics: Event Insurance, Certificates of Insurance, Event Safety

Website Content and Insurance for Nonprofits

Posted by Phil Wightman on Thu, Mar 05, 2015 @ 04:47 PM

One of the problems we run into when attempting to acquire Insurance for Nonprofits is the inaccurate or superfluous information built into the web sites of nonprofit organizations. Insurance company underwriters pay very close attention to web sites and will decline to quote coverage for a prospective client solely on the basis of web site content.

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Topics: Insurance for Nonprofits, nonprofit insurance

Hire a Specialist for your Event Insurance or Nonprofit Insurance

Posted by Elizabeth Wightman on Tue, Feb 24, 2015 @ 02:21 PM

Usually our blog is designed to help insurance buyers better understand insurance and risk management.  We try not to “sell” you anything because that’s not our style.  We’re here to help.  That’s our philosophy at SteelBridge.

That said I’m going to depart just a bit from that and tell you why it’s vital that you purchase insurance through a broker.  Specifically, a broker that specializes in the type of coverage you need and the industry you are in. 

And here’s the plug for SteelBridge…  We specialize in just two things here.  1)  Nonprofit Insurance and 2) Event Insurance (live music events in particular).  I know, seems like two really different things but you would be surprised how often these two specialties merge.  But I digress... 

The point is that we (and other brokers who are specialists in a particular type of insurance or industry) know our stuff.  We know what coverage you need and why.  We know the unique insurance challenges you face and how to help.  We know the insurance companies that can provide the best coverage and services for you.  We know the risk management concerns and techniques specific to what you do.  We know what insurance industry changes affect your coverage and communicate those to you. 

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Topics: Event Insurance, nonprofit insurance

Accidents & Insurance for Nonprofits

Posted by Elizabeth Wightman on Thu, Feb 12, 2015 @ 05:41 PM

Accidents happen...  Every Day...  And in so many different ways you wouldn’t believe it!

Most of our clients have the attitude that “it will never happen to me” and view their insurance program as a necessary evil to serving their mission.  However, statistics show that nonprofit organizations make a claim on their liability insurance on average of once every three years. 

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Topics: Insurance for Nonprofits, Claims, nonprofit insurance

Booze and Your Event Liability Insurance

Posted by Elizabeth Wightman on Wed, Feb 04, 2015 @ 04:09 PM

CLAIM:  A festival attendee was served several glasses of wine at a music festival.  After the music was over on the Saturday evening he got in his car to drive back to his hotel. About a block from the hotel he ran a red light and hit another vehicle.  The other vehicle was totaled and the driver was seriously injured. 

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Topics: Event Insurance, Event Liquor Liability

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