Outside of general liability claims, lawsuits related to injured workers can bankrupt a nonprofit organization without adequate workers’ comp as well. This type of insurance protects employees who are injured while performing work duties. While the requirements for workers’ comp vary from state to state, most do not require it for 1099 independent contractors. Most […]
Most well informed nonprofit owners and managers know they need numerous insurance policies to protect themselves and their organization from a variety of lawsuits and claims. Some of the most common are general liability insurance and workers’ compensation insurance. Yet many fail to realize how these policies inform the decision-making process involved in hiring independent […]
Many nonprofits rely on volunteers in addition to paid employees to achieve their goals. However, nonprofits should take pains to understand what the true legal difference is between these two types of workers. The simple difference is that employees are paid and volunteers are not, but several factors affect the legal definition. Volunteer vs Employee: […]
Insurance can be expensive, and after investing in general liability, workers’ compensation, errors and omissions (E&O) insurance, and more, many nonprofits may be wondering if they really need directors and officers (D&O) insurance. The short answer is yes. Here are some compelling reasons why: Understanding D&O Insurance The name is a bit of a misnomer […]
People who volunteer often do so because they receive an emotional or practical benefit. While volunteers play a critical role in the operation of many nonprofit organizations, they do pose unique risks. As the shortage of reliable volunteers grows, nonprofits need to consider the risks their unpaid staff pose as part of their overall risk […]
Nonprofit leaders often invest in insurance as a means to mitigate risk, but this is not quite an accurate assessment. Insurance policies help manage the financial fallout following exposure to certain risks—it does, however, prevent them. Although combing through the numerous scenarios that can affect a charitable association can make nonprofit managers’ heads swim, it […]
Many nonprofits inadvertently overlook the risks that threaten their volunteers, workers, and organization as a whole. This is not to say nonprofits need be more vigilant than for-profit organizations; but rather that it’s crucial to prepare for the risks unique to their field of work. Volunteer Injuries State laws require for-profit organizations to provide workers’ […]
Nearly all Workers Compensation policies and some General Liability policies are audited by the insurance carrier every year after the expiration/renewal date. This can be a traumatic experience for some nonprofits. The following is an explanation of the audit process and some information that will help you to prepare for a stress-free audit.
Non-profits, by nature, don’t make a lot of excess money. Their purpose is to collect funds through donations, government grants, sales, and other sources of income and apply that money to areas in need in their community or internationally. As such, it can sometimes seem like a burden to invest funds from what little budget […]
Non-profit employers are experiencing a plague of retaliation claims. In fact, 2014 statistics show that retaliation claims comprised 42.8% of all complaints filed. This is the largest number of retaliation claims in history.