Common Questions on Volunteer Liability and Insurance, Answered – Part 2

In this post, we answer some of the most common Google questions regarding volunteer engagement. Do you need employer’s liability insurance for volunteers? “Employer’s liability” refers to the section of a workers compensation policy that covers defense costs, settlements or judgments in the event that an injured employee decides to sue the employer for negligence, […]

Want vs. Need: Insurance for Nonprofits

Do nonprofits need insurance? Of course, but it’s not always obvious which coverages are needed most. Because operating budgets are always tight, managers at nonprofit organizations must construct their insurance programs so that “need to have” coverage is always in place, and “nice to have” coverage is added as circumstances permit. Here is a guide […]

Insurance Coverage Guidelines For Nonprofits

Insurance is an important component of risk management, and a significant budget item, yet it can be difficult to determine what insurance coverages are really needed. The following overview can help. Our Insurance Basics For Nonprofit Organizations and ‘Need-To-Have’ and ‘Nice-To-Have’ Insurance For Nonprofits resources provide more detailed guidance. Both are available to VIS members […]

Payroll and Revenues Decreasing in the COVID-19 Outbreak? You Can Reduce Your Insurance Costs

Your nonprofit organization likely is seeing some adverse impact on your operations and revenues due to the COVID-19 coronavirus. In some cases, cash flow has been significantly impacted and payrolls may have been trimmed, either through reduced operating hours or, God forbid, necessary layoffs. Your commercial insurance policies’ premiums are often based on your best estimate […]

D&O Insurance for Nonprofits: Important Considerations

Is your organization equipped with nonprofit volunteer insurance? If a lawsuit against your nonprofit organization names individual employees as well as your directors and officers, your policy limits could be depleted in defense of the employee(s), unless you have separate limits specific to your directors and officers.  Reserving separate limits of liability for directors and […]