Blog

The Role of your Broker in your Nonprofit Insurance Program

  I work with a broad scope of nonprofit organizations across the country and find that some folks still don’t fully understand the role of their insurance broker in their nonprofit insurance program.  Ideally, your insurance broker acts as a professional consultant to your nonprofit. He or she works with the organization to understand the risks it faces and then helps to determine the best […]
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Do NPO's Need Cyber Liability Coverage?

  We’ve had a lot of clients asking us about Cyber Liability recently.  They all seem to be a bit panicked about what it is and whether they need it. The insurance industry does a good job of doing that… So, I thought a quick review might be helpful for everyone.
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Why Nonprofits Need Property Insurance

  FACT: One nonprofit focused insurance company reported over $25,000,000 in property losses for the California Paradise wildfire. Many non-profits, especially new or smaller non-profits, overlook property coverage when considering their overall insurance program. Unless coverage is required by a lender or landlord the insuring of tangible assets may not even be part of the larger insurance […]
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Contracts & Your Nonprofit Insurance

    So, your nonprofit just signed a contract for a new grant through your local municipality. Now they want you to send them the required insurance documents.  No problem.  You just send a copy of the contract to your insurance broker and let them figure it out.  That’s what they get paid for after all! That’s when things start going downhill.  Your broker tells you that you don’t have the […]
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3 Things Nonprofits Need to Know about Terminating Volunteers

  Let’s face it, the vast majority of nonprofits can’t exist without the help of volunteer labor. As incredible as it is that so many people want to give their time and energy to contribute to their communities and social causes, these people still need to be managed, and the risk associated with volunteers still needs to be managed. Just like all other areas of risk management combined with your […]
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Independence Day Precautions: This Checklist Can Help

The 4th of July holiday is a nostalgic one for most of us.  I remember churning homemade ice cream with my father and the excited anticipation of the fireworks.  Most of us have similar memories and think the Independence Day holiday as the heart of summer activities.  Many nonprofit organizations host events and fundraisers centered around this important day and need to discuss their nonprofit […]
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5 Things You Need to Know About Nonprofit D&O Insurance

Nonprofit organizations need several types of insurance coverage to protect themselves, their interests, and their employees from lawsuits. Some examples include general liability insurance, workers compensation insurance, property insurance, and more. When beginning the insurance coverage process, most nonprofit leaders ask about directors and officers (D&O) insurance first. Many leaders view […]
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How to Conquer the Top Legal Risks Facing Nonprofit Boards

Legal risks are not unique to for-profit organizations. Non-profits can find themselves in a variety of legal entanglements in they aren’t careful. The best way to prevent these risks is to understand them. From there, nonprofits can implement strategies to manage these risks. The following are the top legal threats facing nonprofit boards. Social media. All businesses rely on social media, […]
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Workers’ Compensation and Independent Contractors

Outside of general liability claims, lawsuits related to injured workers can bankrupt a nonprofit organization without adequate workers’ comp as well. This type of insurance protects employees who are injured while performing work duties. While the requirements for workers’ comp vary from state to state, most do not require it for 1099 independent contractors. Most states do not require […]
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