Nonprofit organizations need several types of insurance coverage to protect themselves, their interests, and their employees from lawsuits. Some examples include general liability insurance, workers compensation insurance, property insurance, and more. When beginning the insurance coverage process, most nonprofit leaders ask about directors and officers (D&O) insurance first. Many leaders view D&O policies as catchalls […]

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Legal risks are not unique to for-profit organizations. Non-profits can find themselves in a variety of legal entanglements in they aren’t careful. The best way to prevent these risks is to understand them. From there, nonprofits can implement strategies to manage these risks. The following are the top legal threats facing nonprofit boards. Social media. […]

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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 […]

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Recently I had an email conversation with one of my clients about the personal liability their board members take on through their service to the organization.  I thought it might be valuable to share this information with everyone.

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The primary roles of nonprofit directors and officers insurance is to maintain financial stability and provide the necessary resources, direction, and vision to help accomplish the goals and mission of the organization. The unique nature of nonprofit organizations presents directors and officers with difficult challenges in performing this role.

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Whether for a corporation or a nonprofit organization, the board of directors is in charge of appointing and hiring the officers responsible for the daily operation of a company. As corporations diversified and the regulations to govern these corporations were further developed, directors and offers’ personal liability increased. Insurance companies then quickly developed protection to […]

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According to the Bureau of Labor Statistics, the United States has over 62.8 million volunteers who graciously donate their time each year to support nonprofit organizations. Many of these people serve on nonprofit boards. Often they mistakenly think that there are laws in place to protect them if they are sued as a result of […]

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There is a lot of confusion about the need for various types of nonprofit insurance and how the coverage relates to volunteer protection laws. It’s confusing—especially when you take into account both federal and individual state laws. So, let’s delve in to what actually relates to your nonprofit and those who serve your organization.

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