When you are planning an event for your nonprofit organization, you must consider event safety basics for your volunteers as well as your guests. This may seem like a large task. Start with asking one question: “What could go wrong?” That is the foundational question of risk management, whether for a special event or for […]
Many organizations rely on a trusted group of employees and do not consider the need for stronger means to protect the organization’s financial assets. Unfortunately, employee theft is a risk that cannot be ignored, as it accounts for roughly 30 to 50 percent of business failures. The importance of volunteer and employee dishonesty insurance can […]
When most people think of car accidents, they think of high-speed crashes occurring on the highway or in a traffic jam. However, about 20 percent of vehicle accidents occur in parking lots. There are many factors that can cause accidents in parking lots. They can be due to pedal application errors, sudden movements by pedestrians […]
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 […]
Do volunteers need insurance? Many organization owners assume that volunteers have immunity in both federal and state laws. Volunteer immunity laws are common, but they almost always contain a provision that the volunteer’s immunity only applies to claims that exceed the insurance policy limits carried by the nonprofit. That means both the nonprofit and/or its […]
There are important guidelines for nonprofit organizations to follow to carry out their mission without creating further risks for themselves. Just as businesses need insurance to protect their employees, operations, and bottom line, so do nonprofits. However, nonprofits and volunteer-driven organizations do not function quite like traditional businesses, and they thus have different insurance and […]
