The short answer: Every non-profit organization needs insurance coverage. Regardless of your organization’s aim or size, liability insurance is a safeguard against financial ruin that can possibly shut down your non-profit for good. That’s why non-profit insurance providers in New York City work all sorts of charitable organizations, including religious institutions, schools, medical health centers, […]
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Understanding the Basics of Directors and Officers Liability Insurance
Most nonprofits understand the value and importance of general liability insurance, especially given the litigious nature of our country. Unfortunately, the same can’t always be said about Directors and Officers (D&O) insurance. The men and women who run nonprofit organizations are just as likely to face litigation as board members of for-profit corporations, but very […]
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Tips for Managing Your Nonprofit Board Meetings
Aspects of business such as nonprofit insurance in New York City can be crucial to the success and longevity of your organization. It is for this reason that these types of decisions must be made with the utmost care and consideration from everyone who is involved in making the choice. Watch this video for a […]
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Insurance Risk Management Strategies for Nonprofits
In order to gain a reward, you will often be required to take some sort of risk; when it comes to nonprofit insurance in New York City, however, your risk should always be minimized. Insurance for nonprofits can exist without the risk as long as you construct an effective risk management strategy for your organization. […]
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What Is Side A D&O Coverage?
In order for any kind of organization to stay afloat and continue to provide a service to the community, it must be staffed with quality employees; this typically includes both directors and officers. This brings up the prospect of directors and officers liability insurance in New York City; while some organizations deem this nonprofit insurance […]
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Should Your Nonprofit Insure Your Directors and Officers?
While some people believe that nonprofit organizations are exempt from lawsuits due to charitable immunity, the reality is that nonprofit insurance in New York City is very important for both the organization and its directors and officers. Although D&O insurance may not be necessary in every case, it can be a very important element in […]
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Important Questions to Ask When Selecting a D&O Insurance Policy
Non-profit organizations do a lot of good for a lot of people, but that doesn’t mean can’t be sued or held financially responsible for loss or personal injury. For the men and women who oversee these organizations, directors and officers insurance (D&O) provides protection against litigation and personal financial ruin. D&O insurance policies in New […]
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Myths about Insurance for Nonprofits
If you oversee a nonprofit organization, it’s crucial that you work with an insurance company in New York City that specializes in providing insurance coverage for nonprofits . There are a lot of myths surrounding insurance and nonprofits, many of which are commonly accepted despite the prevailing evidence against such misinformation. One of the most […]
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Selecting Your Nonprofit Board Members
Board members are tasked with overseeing the continued success of an organization. These individuals are particularly crucial to nonprofit organizations, which typically operate on a smaller budget and do not have as steady income streams as for-profit companies. When selecting board members, try to find individuals who will fit best within the organization and bring […]