How to Buy Insurance for Your Nonprofit – Step 5: Research Insurance Companies

Steps 1-3 were all about identifying your exposures: Your operational exposures, your human exposures, and your property exposures. Steps 4 and 5 are about finding researching potential providers.  In step 4, we discussed finding agents that specialize in insurance for nonprofits or for-profit social service organizations. In this post, we’ll talk about researching and identifying […]

How to Buy Insurance for Your Nonprofit – Step 4: Research Agents

After developing your lists – your activities, your people, and your things (in insurance lingo, these are your ‘exposures), I encourage you to begin researching insurance agents. You might already have a connection that you’re comfortable with. This might not be your first time carrying insurance for your nonprofit, so maybe you’ll just want to […]

How to Buy Insurance for Your Nonprofit – Step 3: Identify Your ‘Things’

In Step 1, we talked about defining the activities and programs common to your nonprofit. We then, in Step 2, discussed identifying the people important to your organization. Step 3 represents the final list you’ll make around who and what is vital to the ongoing operation of your nonprofit.  In this step, you’ll take a […]

How to Buy Insurance for your Nonprofit – Step 2:Your People

During October, I’m laying out an 11 step  insurance buying process for nonprofit leaders. If you’ve not, please check out Step 1. Today is Step 2: Your People After identifying the activities and programs common to your organization’s operations, identify the people who are associated with your nonprofit. Now that you’ve brainstormed the activities, you can […]

Step 1: Define What You Do

One of the first questions to ask yourself when starting the insurance buying process for your nonprofit is this: ‘What do we do?” Do not limit your answer to your programs and your mission statement. Include those things, but don’t limit yourself. Mindmap or brainstorm all of your activities. For example, my mom runs a […]

How to Buy Insurance for Your Nonprofit

This month, I’d like to provide tips on buying insurance for your nonprofit or social service organization. Each month, I will tackle different themes, normally around specific coverage issues, but I’ve learned that the buying process is almost as daunting as understanding the differences between general and professional liability. Let’s face it, your main goal […]