Categories: 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
December 2, 2016
Resource Type: Articles
Increase your Insurance Buying IQ
The Center is pleased to present Coverage, Claims & Consequences—2nd Edition, a text that takes the mystery out of the process of obtaining insurance for your nonprofit. The second edition of this popular text is now available, hot off the press,...
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Articles
Increasing Your Liability Protection
Excess vs. umbrella limits Many nonprofit organizations seek to increase the amount of their liability insurance protection for a variety of reasons, such as when — The organization expands, perhaps by internal growth or merger, so that the former liability...
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Risk eNews
How Long Should You Keep Out-dated (Expired) Insurance Policies?
In the event you need to file a claim, could you quickly put your hands on all insurance policies that might cover an incident, including expired claims? Insurance policies cover events that are addressed by claims presented to the carrier...
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Articles
Theft of Funds is Not Covered by Insurance
Theft of Funds Is Not Covered by Insurance This article first appeared in Don Kramer’s Nonprofit Issues, and is reprinted here with permission from the publisher. For more information on Nonprofit Issues, visit www.nonprofitissues.com. The employee dishonesty provisions of a standard insurance...
Topics: Fraud and Financial Oversight, Insurance and Risk Financing
December 2, 2016
Resource Type: Articles
Insurance Fails to Cover Drunk Driving Accident
This article first appeared in Don Kramer’s Nonprofit Issues, and is reprinted here with permission from the publisher. For more information on Nonprofit Issues, visit www.nonprofitissues.com. Veterans of Foreign Wars Post has no insurance to defend it against a suit for injuries...
Topics: Facility, Program and Transportation Safety, Insurance and Risk Financing