Insurance Made Simple Blog

Donation or Bribe? Non-Profit Insurance and Broker Donations

Many insurance brokerages that do business with the nonprofit community offer donations to some of the nonprofit clients they work with. In and of itself this is not a problem, but some brokers offer donations to prompt a nonprofit to purchase coverage from their agency. These donations often create an explicit or implied requirement that the nonprofit purchase insurance from that broker. This is […]
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Donation or Bribe? Non-Profit Insurance and Broker Donations

Many insurance brokerages that do business with the non-profit community offer donations to some of the non-profit clients they work with. In and of itself this is not a problem, but some brokers offer donations to prompt a non-profit to purchase coverage from their agency. These donations often create an explicit or implied requirement that the non-profit purchase insurance from that broker. […]
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