Matching the potential risks faced by a nonprofit organization with its insurance policies can be a challenge for even seasoned executives and in-house counsel. Policies often use confusing language, and the diversity of nonprofit organizations means that no one insurance policy works for all. This QuickCounsel will identify some best practices to help nonprofits select the insurance coverage they need and increase the effectiveness of those policies.
Knowing the Options -
Choosing which policies to purchase requires a careful examination of a nonprofit’s programs and activities, its environment, the governing law, the size of a nonprofit’s potential liabilities, and the willingness of a nonprofit to weather certain potential liabilities without insurance coverage. Some common policies include...
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