Confidence that a trusted partner will help you find a highly qualified broker best suited for your organization.
3-4 months
~4 hours per month for planning and touch base meetings, review of the draft RFP, and participation in the finalist interviews.
$18,000
Insurance is a critical component of an effective risk management program, so it’s well worth your while to invest in finding the best possible insurance advisors to help you safeguard your mission and assets. If your relationship with your broker isn’t as productive as you hoped it would be, then maybe it’s time to conduct a broker bidding or broker selection process. A nonprofit leader’s primary motivation for initiating this process is to ensure that the nonprofit has engaged the best possible insurance advisor—an advisor who can meet the needs of the nonprofit as it stands today, and as it will evolve during the near future.
You might find yourself asking questions such as:
Our Insurance Broker Selection Process is a collaborative process that begins with NRMC’s review of the details of your existing insurance program. This introductory step gives us an understanding of your insurable risks. We then begin the process of putting your insurance program out to bid. Our Broker Selection Process involves four critical steps
Our proven process ensures that you are partnered with the right broker: someone who cares about your mission, has access to leading markets, and can offer the sage advice and support on risk and insurance that your mission requires.
Fill out this form and we will contact you shortly to explore how we can help advance your risk management capabilities.
“The board and staff of the Prince George’s Child Resource Center are extremely pleased with the results of the risk assessment conducted by the Nonprofit Risk Management Center. A thorough scan revealed that while we are a well run organization, we had risks that we never imagined. We are grateful to know that we have now minimized our organizational risks and we recommend the Center to other nonprofits.”