Nonprofit Insurance Digest

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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Nonprofits and the Employee or Independent Contractor Issue

Traditionally many Nonprofits have used “Independent Contractors” for tasks as varied as research, grant proposal development, landscaping, construction, bookkeeping, and day-to-day clerical tasks. The justification for using “Independent Contractors” can take many forms. The Nonprofit may need a specific task completed sporadically; the Nonprofit may not want to incur the expense and hassle of […]
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Insurance Broker or Insurance Company - Who does what?

Our nonprofit clients are sometimes confused by the various people involved in creating and providing their insurance program. They aren't quite sure who does what and when to call the "Broker" or when to call the "Insurance Company." It seems like it should be simple enough, but it is insurance, after all...
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Nonprofit Orgs need GL and D&O Insurance Coverage at a Minimum

I am approached by many nonprofits that say they need General Liability, or they need Directors & Officers Liability but not both. However, I always recommend both because these two coverages are the cornerstones of any effective nonprofit risk management and insurance program. These two coverages provide completely different types of insurance protections for your nonprofit organization.  It is […]
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Nonprofit Directors and Officers Nightmare Claims

Some (maybe many) Nonprofit organizations do not feel that they really need Directors and Officers coverage. Many only purchase the coverage to appease particular board members. These organizations can't imagine anyone ever pursuing a management claim against their Nonprofit. Unfortunately, claims against Nonprofit boards, officers, and professional staff. Here are just a few examples of what can […]
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