Categories: Insurance and Risk Financing
August 23, 2017
Resource Type: Risk eNews
Lessons from Insurance Thought Leaders
Although there are risk professionals throughout the nonprofit sector who know a great deal about the property and casualty coverage they buy for their organizations, some buyers purchase policies first, and ask questions later. Relying on simplified coverage descriptions and...
Topics: Insurance and Risk Financing
May 25, 2017
Resource Type: Risk eNews
Repairing Broken Insurance Broker Relationships
The inaugural Risk Leadership Certificate Program (RLCP) is complete and the NRMC team looks forward to inviting a new cohorts of nonprofit risk professionals to join RLCP in future programs. Contact Melanie Lockwood Herman (Melanie@nonprofitrisk.org) to apply for RLCP, or read on...
Topics: Insurance and Risk Financing
January 12, 2017
Resource Type: Articles
Glossary of Risk Management and Insurance Terms
This glossary was originally published in Coverage, Claims and Consequences: An Insurance Handbook for Nonprofits. Accident — Unexpected or chance event. This term is frequently defined in older commercial general liability (CGL) policies. Accident medical reimbursement insurance — Covers medical expenses for injuries...
Topics: Insurance and Risk Financing
December 8, 2016
Resource Type: Risk Management Essentials
The Insurance Fundamentals Issue
Download PDF What's Inside What Do You Know About D&O? How to Read an Insurance Policy Contemplating Coverage: Insurance for Nonprofits
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Risk eNews
Cyber Liability: Internet Killed the Radio Star
Remember the first music video that premiered on MTV? The Buggles’ “Video Killed the Radio Star” questioned the impact of new technology on the music industry. Technology and music videos have come a long way since then, and cyber culture...
Topics: Data Privacy, Tech Risk, Cybersecurity, Insurance and Risk Financing
December 2, 2016
Resource Type: Risk eNews
Health Insurance Is a Claims Trap for the Unwary
Eligibility of health insurance coverage under an employer’s group plan terminates when an employee is separated from employment. However, due to the health insurance benefit continuation requirements under COBRA (Consolidated Omnibus Budget Reconciliation Act) and many similar state laws, most employees can...
Topics: HR Risk and Employment Practices, Insurance and Risk Financing
December 2, 2016
Resource Type: Risk eNews
Mark Your Calendar!
For many of us, the holiday season is a time to re-connect with friends and family with whom we’ve been out of touch. When I was a child, we always received at least one “Christmas Letter,” containing one family’s story...
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Articles
Ten Tips for Buying Insurance
Many nonprofit managers dread the insurance purchasing process. An insurer may demand a lot of information, but then decline to offer a policy. The process may seem to waste valuable time and resources. Many nonprofit managers dread the insurance purchasing...
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Articles
How to Read an Insurance Policy
Reading a commercial insurance policy is not an intuitive practice and most people find insurance policies difficult to comprehend. Unlike a good book, it is not a document you can curl up with and casually read from beginning to end....
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Articles
The Additional Insured
A nonprofit’s commercial general liability policy (CGL policy) goes to great length to specify whom (organizations or individuals) that policy protects. To grasp this, take a look at the Declarations page (dec page) and the section titled “Who Is an...
Topics: Insurance and Risk Financing