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 […]

What’s the Difference between a Claims-Made and an Occurrence Policy?

I’m glad you asked! I’ll try to answer for you. My suspicion is that if you’re reading this post, then you did a very specific search and you just want an answer. You don’t need any fluff. Claims-made and occurrence policies will always refer to a feature in some kind of liability policy: professional, directors […]

Nonprofit Directors, Officers, and Insurance

A nonprofit’s insurance program needs a quality board. And a quality board needs a quality insurance program. Here are a few observations from my discussions with nonprofits: Board members are extremely paranoid. Board members are not at all paranoid Board members don’t mind spending money if they perceive value Board members select the cheapest option, […]

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 […]

Nonprofit Insurance Can Be Spoooooky!

But it doesn’t have to be. Insurance words alone can make your hair stand on end: Waiver of subrogation…. oooooooohhhh Indemnification…. Boo!!! Coinsurance…. eeeekkkk! Personal/Advertising Injury…. Oh no! We fear what we do not understand. I get it. I feel the same way when I go to a mechanic. I don’t know my hoses from […]