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.
People who volunteer often do so because they receive an emotional or practical benefit. While volunteers play a critical role in the operation of many nonprofit organizations, they do pose unique risks. As the shortage of reliable volunteers grows, nonprofits need to consider the risks their unpaid staff pose as part of their overall risk management strategy. The following are several risks that […]