How Much Do Nonprofit D&O Policies Cost?

Did you really think I was going to give a specific number? I will say that if you’re a startup nonprofit with relatively innocuous operations, then your policy will qualify for minimum premiums which range from $600 to $900, depending on the nonprofit directors and officers insurance carrier. Here are some factors that go into […]

5 Tips for Reading (and Understanding) Your Nonprofit D&O Policy

Need a D&O quote for your nonprofit? Click here to get started.  When was the last time you read your insurance policies? When was the last time you started reading your insurance policies only to give up in frustration? Since you drew the short straw and have been chosen ‘insurance guru’ of your nonprofit, it behooves you […]

5 Reasons Why Your Volunteer-Only Nonprofit Needs Employment Practices Liability

Nonprofit management liability insurance usually includes two coverages: Directors and officers liability (D&O) Employment practices liability (EPLI) Many small nonprofits are volunteer-led or use only 1099 contracted employees to do their work. Consequently, I have had this conversation often (or some version of it): Nonprofit: We don’t have employees. We don’t need employment practices liability insurance. Take […]

Nonprofit Risk Management Resource: EEOC Fiscal Year 2014 Report

One of the best ways to manage risk is to understand where other people are running into problems. The Equal Employment Opportunity Commission issues a report each year with all of its enforcement and litigation data.  This report is a powerful tool to help you understand why employees are filing complaints with the EEOC. Why […]

Nonprofits, Independent Contractors, and General Liability

As a cost-saving move, many nonprofits pay employees as 1099 independent contractors. There are quite a few ramifications of this practice (which I’ll dive into in another post), but I want to point out one key insurance gap that is created. Under a general liability policy (and abuse and molestation liability and professional liability policies), […]

The Balance Needed to Protect Your Nonprofit’s Vision

Most nonprofits have to balance many, many priorities and obligations, especially if they have Medicaid contracts or contracts with the state’s Department of Family and Children Services or the Department of Juvenile Justice. Between raising funds and doing the work and protecting the people you serve and protecting the employees and volunteers who help you do […]