Nonprofit Insurance Digest

Is Your Nonprofit Making These Budget Mistakes?

Many individuals start a nonprofit to solve a social problem. However, having passion for a cause is not enough to guarantee success. Building a prosperous nonprofit from the ground up is not for the faint of heart. While nonprofits often have an admirable goal at their core, they need to put in as much effort into running their organization as for-profit companies do. The following are some of […]
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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: Understanding D&O Insurance The name is a bit of a misnomer as D&O insurance provides coverage beyond […]
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How to Overcome the Biggest Challenges in HR for Nonprofits

It’s true that nonprofits function in several different ways than their for-profit counterparts. However, when it comes to human resources, the issues are similar. The biggest dissimilarity is nonprofits have less money and resources to manage them. Thankfully, this challenge is surmountable. The following are several suggestions for HR professionals to manage their nonprofit’s challenges with […]
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What If Your Non-Profit Organization Doesn’t Have General Liability?

Non-profit organizations strive to make the world a little better. Whether they work to save orphaned and sick animals, clothe or house the homeless, or provide after-school programs to at-risk communities, these organizations serve a purpose beyond the bottom line. Unfortunately, even though your nonprofit strives to do good things in your community, sometimes, accidents happen. And when they […]
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How Your Non-Profit Organization Can Mitigate Risk

The nonprofit community is just as susceptible to the dangers posed by potential risks as those in the for-profit business community. However, the concept of risk is unique for nonprofit and social service organizations because, unlike in the corporate world where business owners and CEOS determine policies, these risks are often left unmitigated because many of the critical decisions are left to […]
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