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. […]
Read more

Insurance Broker or Insurance Company - Who does what?

Our nonprofit clients are sometimes confused by the various people involved in creating and providing their insurance program. They aren't quite sure who does what and when to call the "Broker" or when to call the "Insurance Company." It seems like it should be simple enough, but it is insurance, after all...
Read more

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 […]
Read more

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 […]
Read more

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 […]
Read more

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 […]
Read more

COVID19 and your Nonprofit Insurance

Among all the things that are frustrating about living through the COVID19 pandemic probably the most frustrating is the simple lack of not knowing. We don’t know how to deal with it. We don’t know when we will have a vaccine or if it will work. We don’t know the long-term effects on our economy. And so much more! As you can imagine, we field many questions from our clients about how possible […]
Read more

11 Kinds of Insurance Coverage for Non-Profits

As their name suggests, nonprofit organizations don’t churn out much of a… well, profit. Instead they selflessly devote their time and money to causes that can better their community. The unfortunate reality of this is that an unexpected incident or incrimination can single-handedly devastate their future operation. These are 11 types of insurance coverage for nonprofits that might just save […]
Read more

What You Need to Know about Insurance for Non-Profits

You probably already know that you should insure your nonprofit or social services organization. After all, bad things happen all of the time, and you’re not immune to them even though you offer important services to your community. And we know that insurance lingo is often complex and convoluted. It can be difficult to understand what you’re really getting and why you should purchase it. Here’s […]
Read more
No More Posts