Directors and officers liability insurance, also known as D&O insurance, is considered one of the most important types of insurance for nonprofits. Officers and directors of nonprofit boards have special responsibilities, such as the duty of care and the duty of loyalty, to advance the charitable goals of the nonprofit and protect their assets. Any […]
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The Non-Profit’s Guide to the Affordable Care Act and Group Health Insurance
Did you know that, according to the Council of Nonprofits, more than 10 percent of workers in the United States are employed by a tax-exempt nonprofit employer? If you are an employer at a nonprofit organization, then you already know how important health insurance benefits are to attracting and retaining employees. In this article, we […]
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How Do Non-Profits Qualify for the Small Business Insurance Tax Credits
These days, many prospective employees interviewing at multiple companies want to see that insurance benefits are part of the employment package. If you are an employer at a nonprofit organization, purchasing group nonprofit insurance can help your organization attract and retain employees. Fortunately, there is a tax credit available to some nonprofit organizations that helps […]
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A Look at Specific Liability Insurance Needs for Non-Profit Organizations
As the head of a non-profit organization, you make it your life’s work to take care of others. However, that doesn’t mean you should neglect to take care of yourself. In the event that your organization is sued, liability insurance will protect you and the non-profit from financial ruin. Here is a look at the […]
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Is Group Health Insurance in Your Nonprofit’s Budget?
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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]