Nonprofit Insurance Digest

Managing Volunteer Risk

Managing Volunteers is a complex process, and we will only touch on the highlights here. However, it is important to preface these remarks on Volunteer Risk Management by pointing out that all Nonprofit Organizations, regardless of their size, must consider risk management in every aspect of the organization's operations. At the very least, every Nonprofit should have a risk management committee, […]
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What's Happening with Property Insurance?

As you might have heard, property insurance is getting more and more difficult to get.  This is due to the many natural disasters we have experienced over the last several years. The insurance companies have paid out billions of dollars in losses and are changing their underwriting guidelines in response.  So, what does that mean for your nonprofit?
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How are Nonprofit Insurance Premiums Determined

We speak with many nonprofits that want a ballpark premium estimate for their insurance or an endorsement.  Unfortunately, this is next to impossible for us.  While sometimes we provide very rough ballpark estimates for things based on our experience the actual premiums have to be determined by underwriters.  There are many factors that go into determining what your nonprofit insurance program […]
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Does My Nonprofit need "Umbrella" Insurance?

The primary reasons a Nonprofit organization may need an umbrella (or Excess Liability) policy generally break down as follows: 1) The limits available under the primary liability policies may not be enough to cover the insured's exposure or 2) The organization may enter into a contract that requires limits in excess of the primary liability limits.  Does your organization need more coverage?
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Another Conversation About Nonprofit Cyber Liability

It seems like we hear almost daily now about cyber-attacks. We tend to believe that these attacks only happen to large companies because that’s what we read about in news. However, the statistics show that there are far more attacks on smaller companies including nonprofit organizations. Cybercriminals see smaller entities as “low hanging fruit” because they generally have less cyber protection […]
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Claim Defense Costs and Your Nonprofit Insurance

Most liability policies contain two key provisions, the duty to indemnify and the duty to defend. Both provisions are critical, but the "duty to defend" concept is often overlooked or misunderstood. However, it is a key factor in the decision to purchase nonprofit insurance of various types and has a significant impact on risk management.
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Nonowned Auto Liability - the most misunderstood nonprofit insurance coverage

Whether or not your organization owns vehicles you can have an auto claim or lawsuit brought against you.  This fact is one of the most misunderstood risk factors that nonprofits face.  However, it is easily mitigated by including Non-owned Auto Liability in your insurance program.  This coverage can cost as little as $250 per year and provide significant protection.
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Insurance and Animal Rescue Organizations

Nonprofit organizations that provide animal rescue or shelter services find themselves in a difficult situation when trying to acquire insurance. Insurance for animal-related organizations is just not readily available. Most insurance companies flat out refuse to insure any organization with significant animal exposure.
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What Insurance Limits Does My Nonprofit Need?

This is a question we get frequently and it's impossible to answer.  We can't look into the future to see what might happen that would result in a claim and even if we could there is no way of knowing what the cost of that potential claim would be.  Coverage limit determinations are part of the overall risk analysis all nonprofits should do when reviewing their nonprofit insurance program. […]
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