Nonprofit Insurance Digest

The Role of your Broker in your Nonprofit Insurance Program

  I work with a broad scope of nonprofit organizations across the country and find that some folks still don’t fully understand the role of their insurance broker in their nonprofit insurance program.  Ideally, your insurance broker acts as a professional consultant to your nonprofit. He or she works with the organization to understand the risks it faces and then helps to determine the best […]
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Do NPO's Need Cyber Liability Coverage?

  We’ve had a lot of clients asking us about Cyber Liability recently.  They all seem to be a bit panicked about what it is and whether they need it. The insurance industry does a good job of doing that… So, I thought a quick review might be helpful for everyone.
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Why Nonprofits Need Property Insurance

  FACT: One nonprofit focused insurance company reported over $25,000,000 in property losses for the California Paradise wildfire. Many non-profits, especially new or smaller non-profits, overlook property coverage when considering their overall insurance program. Unless coverage is required by a lender or landlord the insuring of tangible assets may not even be part of the larger insurance […]
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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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Do You Know the Top 4 Risks Affecting Nonprofit Fundraisers?

Many nonprofits don’t think of fundraising as an inherently risky process. This is in large part because two different departments handle risk management and fundraising. When these two teams operate without consulting one and other, it creates the potential for risky situations. Any organization relying on donations needs to familiarize themselves with the top fundraising risks so they can […]
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