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Preventing Acts of Dishonesty from Volunteer Workers

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 […]

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 […]

Why Volunteers Need Separate Insurance

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 […]

What Kinds of Insurance Coverage Should a Nonprofit or Volunteer-Driven Organization Have?

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 […]