Nonprofit Insurance Digest

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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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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Contracts & Your Nonprofit Insurance

    So, your nonprofit just signed a contract for a new grant through your local municipality. Now they want you to send them the required insurance documents.  No problem.  You just send a copy of the contract to your insurance broker and let them figure it out.  That’s what they get paid for after all! That’s when things start going downhill.  Your broker tells you that you don’t have the […]
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