Risk Management Resource: Your Insurance Application

If you are a nonprofit or for profit human services organization, you will more than likely have to go through an elaborate application process.

If you’re been placed with one of the popular insurance markets for nonprofits, you’ve stared at an insurance application that is at least 6 pages long, sometimes up to 20 pages (taking all of its pieces and parts together).

Instead of being annoyed, look at the insurance application as a risk management policies and procedures resource.

Each question is on the application for a reason.

Decipher what the reason is and deduce what risk management practice you might need to implement (or pat yourself on the back if you’ve already implemented it).

Your insurance company (and agent) will love your fresh new attitude toward the paperwork, and you might just save yourself the headache of a claim later by taking the extra steps the application suggests.

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