Nonprofits need insurance as part of their risk management strategy. However, buying insurance is not as simple as many organizations think. Nonprofits need to consider the risks specific to their mission and environment. Speaking with a knowledgeable insurance agent will help, but it is good to know some basics before beginning the insurance process. The […]
Many nonprofits don’t think of fundraising as an inherently risky process. This is in large part because two different departments handle risk management and fundraising. When these two teams operate without consulting one and other, it creates the potential for risky situations. Any organization relying on donations needs to familiarize themselves with the top fundraising […]
There are hundreds of different types of nonprofit organizations, all working in different sectors, but all providing help or services to certain populations. Regardless of the type, though, all nonprofits face certain risks and liabilities and all should purchase insurance in order to protect their organizations, board members, volunteers, properties, and bottom lines in the […]