Your Employees, Volunteers and the third parties you work with all have certain rights under Federal, State, and local laws. Specifically, they have the right to be treated fairly and equitably. Your nonprofit could be subject to a claim or lawsuit if someone in your organization violates these protected rights.
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.Read More
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.Read More
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?Read More
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?Read More
Who’s driving whom at your event and what happens if there's an accident?Read More
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 musicRead More
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.Read More
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.Read More