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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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How to Reduce the Risk of Sexual Misconduct Claims

Improper sexual misconduct has taken center stage as countless individuals have come forward with intolerable accounts of harassment and abuse. While nonprofits may believe they are safe from such legal entanglements, recent headlines suggest otherwise. Some of the most shocking charges against nonprofit organizations include: USA Gymnastics came under fire after hundreds of girls came forward to […]
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International Nonprofit Insurance Coverages

International Coverage Non-profit international insurance provides coverage for your operations outside of the United States. It is similar to general liability but can also include other coverage such as auto liability, volunteer protection, and repatriation. Three Reasons Why Your Nonprofit Needs this Coverage You travel overseas to fulfill your mission: Your general liability may have limited […]
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