Nonprofit Insurance Explained

What Insurance Limits Does My Nonprofit Need?

This is a question we get frequently and it's impossible to answer.  We can't look into the future to see what might happen that would result in a claim and even if we could there is no way of knowing what the cost of that potential claim would be.  Coverage limit determinations are part of the overall risk analysis all nonprofits should do when reviewing their nonprofit insurance program. […]
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Nonprofit Orgs need GL and D&O Insurance Coverage at a Minimum

I am approached by many nonprofits that say they need General Liability, or they need Directors & Officers Liability but not both. However, I always recommend both because these two coverages are the cornerstones of any effective nonprofit risk management and insurance program. These two coverages provide completely different types of insurance protections for your nonprofit organization.  It is […]
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Nonprofit Directors and Officers Nightmare Claims

Some (maybe many) Nonprofit organizations do not feel that they really need Directors and Officers coverage. Many only purchase the coverage to appease particular board members. These organizations can't imagine anyone ever pursuing a management claim against their Nonprofit. Unfortunately, claims against Nonprofit boards, officers, and professional staff. Here are just a few examples of what can […]
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4 Key Insurance Coverages for Nonprofits

Insurance is a big subject full of words that nobody uses in their daily lives.  Insurance for Nonprofits can seem more complicated by the fact that insurance was originally created with for-profit businesses in mind, so it’s not always obvious how the various pieces fit together to create the specific programs needed by most organizations.  However, because it’s specialized we can simplify the […]
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5 Essentials of Cyber Liability Your Board Needs to Consider

Who ever thought there would be such a thing as Cyber Liability? We all seem to take our electronic devises and ability to communication electronically for granted these days. Unfortunately, the more we depend on these things the more complacent we become about the risks involved. And, that complacency is exactly what cyber criminals’ prey on. Thankfully, there is Cyber Insurance available to […]
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5 Ways to Review Your Nonprofit Insurance

It’s important to review your nonprofit insurance policies periodically. The activities and operations of your nonprofit may change over time. And the coverages available to nonprofits may also change over time. As things evolve it’s critical that you manage risk by verifying that your coverage is up to date and addresses the unique needs of your organization. The easiest time to do this review […]
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Failure to Insure - A Trap for Nonprofit Organizations

Many smaller or start-up nonprofit organizations struggle to find money in their budget for even the most basic nonprofit insurance coverage. Over and above the ethical consideration that you protect the community and your clients from damages due to the organization's negligent actions, there is an inherent risk to the personal assets of the nonprofit organization's individual directors and […]
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Is Nonprofit Insurance Getting Harder to Find?

Yes, unfortunately nonprofit insurance is getting harder to find and purchase. Why? Two reasons… First, many insurance companies are discontinuing coverage for certain types of nonprofit organizations. These include, but aren’t limited to, youth programs, all types of shelters, rehab programs, animal related activities, and more. And, for those nonprofits who can maintain their current programs […]
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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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