Insurance Made Simple Blog

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 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:
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How Nonprofit General Liability Affects Hiring Independent Contractors

Most well informed nonprofit owners and managers know they need numerous insurance policies to protect themselves and their organization from a variety of lawsuits and claims. Some of the most common are general liability insurance and workers’ compensation insurance. Yet many fail to realize how these policies inform the decision-making process involved in hiring independent contractors.
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How to Handle Nonprofit Risk Management

Nonprofits differ from for-profit organizations in several ways - some more subtle than others. Yet all businesses are exposed to a number of risks. Every business, no matter its aims, has a unique risk profile. Unlike their for-profit counterparts, many nonprofits lack the appropriate degree of risk management. In fact, less than a quarter of nonprofits have a dedicated risk manager. This is a […]
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How to Decide If Your Nonprofit Needs D&O Insurance

Insurance can be expensive, and after investing in general liability, workers’ compensation, errors and omissions (E&O) insurance, and more, many nonprofits may be wondering if they really need directors and officers (D&O) insurance. The short answer is yes. Here are some compelling reasons why:
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Four Often Unanticipated Reasons People Sue Nonprofits

Nonprofit leaders often invest in insurance as a means to mitigate risk, but this is not quite an accurate assessment. Insurance policies help manage the financial fallout following exposure to certain risks—it does, however, prevent them. Although combing through the numerous scenarios that can affect a charitable association can make nonprofit managers’ heads swim, it is vital to maintaining a […]
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Critical Strategies and Avoidable Pitfalls in Nonprofit Insurance Coverages

Nonprofits need insurance as part of their risk management strategy. However, buying insurance is not as simple as many organizations think. Nonprofits need to consider the risks specific to their mission and environment. Speaking with a knowledgeable insurance agent will help, but it is good to know some basics before beginning the insurance process. The following are several dos and don’ts for […]
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Non Profit Risk Management in 2018

Many nonprofits inadvertently overlook the risks that threaten their volunteers, workers, and organization as a whole. This is not to say nonprofits need be more vigilant than for-profit organizations; but rather that it's crucial to prepare for the risks unique to their field of work.
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Do You Know the Top 4 Risks Affecting Nonprofit Fundraisers?

Many nonprofits don't think of fundraising as an inherently risky process. This is in large part because two different departments handle risk management and fundraising. When these two teams operate without consulting one and other, it creates the potential for risky situations. Any organization relying on donations needs to familiarize themselves with the top fundraising risks so they can […]
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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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