Nonprofit Insurance Explained

Insurance and Animal Rescue Organizations

Nonprofit organizations that provide animal rescue or shelter services find themselves in a difficult situation when trying to acquire insurance. Insurance for animal-related organizations is just not readily available. Most insurance companies flat out refuse to insure any organization with significant animal exposure.
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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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Nonprofits and the Employee or Independent Contractor Issue

Traditionally many Nonprofits have used “Independent Contractors” for tasks as varied as research, grant proposal development, landscaping, construction, bookkeeping, and day-to-day clerical tasks. The justification for using “Independent Contractors” can take many forms. The Nonprofit may need a specific task completed sporadically; the Nonprofit may not want to incur the expense and hassle of […]
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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...
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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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Why Should My Nonprofit Buy Insurance?

For many small or start-up organizations, nonprofit insurance costs seem excessive and the benefits of the coverage nominal. However, the expense of the insurance coverage is outweighed by the importance of having coverage in place. The following are just some of the reasons why all Nonprofits, regardless of size, need to have appropriate insurance coverage.
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