Nonprofit Insurance Explained

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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4 Key Insurance Coverages for Nonprofits

Insurance is a big subject full of words that nobody uses in their daily lives.  Insurance for Nonprofits can seem more complicated by the fact that insurance was originally created with for-profit businesses in mind, so it’s not always obvious how the various pieces fit together to create the specific programs needed by most organizations.  However, because it’s specialized we can simplify the […]
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5 Essentials of Cyber Liability Your Board Needs to Consider

Who ever thought there would be such a thing as Cyber Liability? We all seem to take our electronic devises and ability to communication electronically for granted these days. Unfortunately, the more we depend on these things the more complacent we become about the risks involved. And, that complacency is exactly what cyber criminals’ prey on. Thankfully, there is Cyber Insurance available to […]
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Why Should My Nonprofit Buy Insurance?

For many small or start-up organizations, nonprofit insurance costs seem excessive and the benefits of the coverage nominal. However, the expense of the insurance coverage is outweighed by the importance of having coverage in place. The following are just some of the reasons why all Nonprofits, regardless of size, need to have appropriate insurance coverage.
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5 Ways to Review Your Nonprofit Insurance

It’s important to review your nonprofit insurance policies periodically. The activities and operations of your nonprofit may change over time. And the coverages available to nonprofits may also change over time. As things evolve it’s critical that you manage risk by verifying that your coverage is up to date and addresses the unique needs of your organization. The easiest time to do this review […]
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Failure to Insure - A Trap for Nonprofit Organizations

Many smaller or start-up nonprofit organizations struggle to find money in their budget for even the most basic nonprofit insurance coverage. Over and above the ethical consideration that you protect the community and your clients from damages due to the organization's negligent actions, there is an inherent risk to the personal assets of the nonprofit organization's individual directors and […]
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COVID19 and your Nonprofit Insurance

Among all the things that are frustrating about living through the COVID19 pandemic probably the most frustrating is the simple lack of not knowing. We don’t know how to deal with it. We don’t know when we will have a vaccine or if it will work. We don’t know the long-term effects on our economy. And so much more! As you can imagine, we field many questions from our clients about how possible […]
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