Nonprofit Insurance Explained

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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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. Volunteer Injuries State laws require for-profit organizations to provide workers’ compensation insurance. […]
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Small Claims are Big with your Nonprofit Insurance

  Small claims and innocent circumstances can have a negative effect on your nonprofit.   In all of our discussions about the big insurance picture and the big claims sometimes we forget to talk about the small claims and what can be done.      And, any discussion of insurance for nonprofits needs to include a discussion of risk management as well.  If you can avoid having a claim in the first […]
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Critical Role Volunteer Accident Insurance plays in your Nonprofit

Volunteers play a vital role in the success of most nonprofit organizations and over 65 million people volunteer for nonprofits each year.  If you depend on volunteers to make your programs successful then it’s vital that these volunteers be taken care of.  One way of taking care of them is to ensure that if they are injured they are well cared for and their medical and other costs are paid. What […]
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Website Content and Insurance for Nonprofits

One of the problems we run into when attempting to acquire Insurance for Nonprofits is the inaccurate or superfluous information built into the web sites of nonprofit organizations. Insurance company underwriters pay very close attention to web sites and will decline to quote coverage for a prospective client solely on the basis of web site content.   Some Nonprofit’s inadvertently (or purposely) […]
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Accidents & Insurance for Nonprofits

Accidents happen…  Every Day…  And in so many different ways you wouldn’t believe it! Most of our clients have the attitude that “it will never happen to me” and view their insurance program as a necessary evil to serving their mission.  However, statistics show that nonprofit organizations make a claim on their liability insurance on average of once every three years.  Sure, most of these claims […]
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