Insurance Made Simple Blog

What Happens If Your Non-Profit Doesn't Have the Right Insurance?

Non-profits, by nature, don’t make a lot of excess money. Their purpose is to collect funds through donations, government grants, sales, and other sources of income and apply that money to areas in need in their community or internationally. As such, it can sometimes seem like a burden to invest funds from what little budget they have into insurance coverage. But refusing to get insurance can be […]
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Your Non-Profit Is in Trouble If You Don't Have GL and D&O Insurance

Yet again, I just found myself speaking to a new client about the dangers of not having BOTH general liability and directors & officers liability as the foundation of their non-profit insurance program.
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3 Common Misconceptions About Non-Profit Insurance Coverage

When you’re a non-profit organization purchasing insurance coverage, it’s important to understand in detail what you’re receiving and why. Insurance in general can be a minefield of myths and misunderstandings. Plenty of people in charge think they have coverage that they don’t, and many think they’re financially liable for something that they’re actually paying to be protected against.
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Non-Profit Board Members Must Grasp the Insurance Broker Relationship

I have and do serve on various non-profit boards. It always surprises me that in general, non-profit boards don’t discuss the organization’s insurance program—but they should!
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3 Key Elements of Non-Profit Insurance Programs

Most non-profits operate on very tight budgets. One thing non-profits can’t afford is an unexpected bill from a claim, especially if insurance could have been purchased to cover the expenses. However, if the right elements are not included in your non-profit insurance program, then it’s just like having none at all.
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Why Your Non-Profit Broker Should Be Educating You about Insurance

It’s amazing to me how often I hear the statements “I never knew that before” and “no one ever took the time to explain that to me” when it comes to insurance. At the risk of sounding arrogant, I just can’t believe there are so many non-profit organizations out there that don’t get this basic service from their insurance broker!
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Non-Profit Insurance Coverage: Do You Really Need It?

Investing in insurance coverage is a wise idea. Meeting those basic insurance premiums may be a little stressful, but it’s a small price to pay compared with what you might have to put forward if you’re hit with a lawsuit, medical bill, or other claim and don’t have any insurance at all.
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What Kind of Insurance Does Your Non-Profit Need?

Running a non-profit is hard work, and there’s very few hard-and-fast rules for how to do so successfully. Yes, you’re here because you already know it’s important to purchase insurance for your organization... But which insurance is proving a lot harder. The truth is, this varies depending on the day-to-day concerns and workings of your non-profit.
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10 massive employment practices claims against Non-Profits

Our blog has discussed non-profit directors and officers coverage on numerous occasions. We’ve dissected and reassembled employment practices liability at length. Nonetheless, many non-profits still struggle with the concepts addressed by employment practices coverage. With both for-profit and non-profit sectors, employers often believe that their employees would never bring a law suit against […]
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It Could Happen to You: Real Non-Profit Insurance Claims

Every day I talk to clients all over the country about their non-profit insurance. We talk about their risks and how best to manage them through various insurance products. However, sometimes it can feel very removed from reality.
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