Every nonprofit organization is unique and the coverage that you require will vary from that of others. That being said, there are some policies that you should make sure you have in place to help you sleep better at night and ensure the sustainability of your organization for years to come. You need to be thinking about how you can protect your organization from mistakes that could happen, either within your control or not. During our initial consultation, some of the things we will dive deep into include, how you deliver services, what your employee structure looks like and what level of risk you are willing to accept.
Top 3 Hazards You Might Face
Did You Know 2/3 Of Nonprofits Have Had A D&O Claim Filed Against Them In The Past 10 Years?
If this happened to you, would your board of directors be covered or would they be personally liable for any mistakes the organization has made? Download this D&O guide that walks you through, what D&O is and why you should have it. Your board works hard for your organization, make sure they aren't exposed to unnecessary risks.