If you run a non-profit, offering health insurance to your employees may seem like a decision that’s out of your budget. With limited access to capital, it’s normal for small non-profit organizations to feel hard-pressed to offer or maintain health insurance coverage for their employees, even though health insurance coverage is an excellent tool for […]
-
-
Deductibles on Your Nonprofit’s Group Health Insurance
If you’re shopping for group health insurance for your non-profit’s employees, one of the most important factors in the price of the policy is the deductible each employee is responsible for. The deductible is simply the amount of money an insured individual must pay out-of-pocket before the insurance provider will pay the remaining bills. Watch […]
-
Why Your Organization’s Directors and Officers Need Insurance Protection
Non-profits perform a valuable service for countless numbers of people all around the world. Unfortunately, the good deeds of the directors and officers of non-profit organizations isn’t enough to protect them from litigation. Whenever you are involved in making decisions that affect other people or organizations, those decisions can come back to haunt you if […]
-
Tips for Choosing Your Non-Profit Group Health Policy
Although non-profit organizations are not obligated to provide healthcare benefits for part-time or full-time employees, there numerous advantages to purchasing a group health policy. For one, providing your employees with benefits will help you attract the best and brightest talent. Healthcare benefits may also reduce turnover. Healthy and happy employees are also usually more productive […]
-
Exploring Key Features of Non-Profit D&O Policies
Directors and Officers liability insurance (D&O) is most often associated with large for-profit companies, but any organization that’s liable to public and legal scrutiny can benefit from a D&O policy. The directors and officers of a non-profit organization, for example, have just as much exposure to personal liability as the heads of large corporations. In […]
-
Defining D&O Insurance
As the director or officer of a non-profit organization, you may be held personally responsible for any actions that lead to personal injury or financial ruin. As such, you can be sued directly for damages. Directors and officers liability insurance (D&O) provides defense and settlement provisions that can limit your personal risk in the event […]
-
A Business Owner’s Guide to Auto Insurance
As a business owner, you need the same insurance coverage (if not more) for the cars, trucks, and vans in your fleet as you do for your personal vehicles. Most general liability insurance plans for businesses and non-profits don’t typically provider coverage for vehicles, so you must purchase auto insurance separately. To help protect your […]
-
What Kind of Liability Insurance Do Contracting Businesses Need?
Private contractors and contracting businesses are required to carry general liability insurance, regardless of the trade or level of skill. However, not all liability insurance policies are right for you or your company. When selecting a liability insurance policy, consider the size and scope of the projects you normally work on. If you primarily deal […]
-
Why D&O Insurance is So Important to Non-Profits
Running a business is a complicated affair; running a non-profit organization, even more so. In addition to performing all of your normal daily functions, you and your executive colleagues have to constantly be wary of legal action. To protect yourself and your organization from litigation, consider purchasing directors and officers (D&O) insurance from a company […]
-
What is Professional Liability Insurance?
Even professionals can make mistakes. Unfortunately, when high-level executives and managers make a mistake, it can result in multi-million dollar lawsuits. The good news is that professional liability insurance, such as directors and officers (D&O) insurance, is designed specifically to protect yourself, your colleagues, and your organization should a lawsuit be brought against your non-profit. […]