Non Profit Insurance Center - Hot Tips for Non Profit Risk Manaagement

SPECIAL REPORT FROM THE NON PROFIT INSURANCE CENTER:

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"Non-Profit Insurance
Hot Tips"
Your Guide to Guard Against Dangerous Coverage Gaps and Slash Your Costs!

As a nonprofit organization, you provide an essential service to the public on a regional, state and national scale. Avoiding financial disaster, retaining funding and maintaining a good public image are key to making your non-profit as strong as possible. A huge step toward securing your organization's vitality is getting airtight insurance coverage that fits your needs.

You have special needs as a non-profit, learn more by reading this free report and by filling out a quick quote. We'll help you keep your non-profit strong for years to come.

Common Non-Profit Insurance Myths
The facts about non-profit insurance are unique and can sometimes be confusing. Let's breakdown some of these misconceptions that can cause gaps in coverage and could lead to your financial ruin.

Non-Profit Insurance Myth #1
"Non Profits only really need a general liability policy."
False, and potentially very dangerous. Your general liability is very important, but it does not provide coverage for many possible sources of claims. The actions of Directors and Officers, employment matters, and criminal behavior are most likely not covered by your general liability policy, and claims from these sources can be devastating.

Non-Profit Insurance Myth #2
"Charitable Immunity protects Non Profits from lawsuits."
False. The concept of charitable immunity has not been upheld in recent litigation. Despite the fact that many non-profits give selflessly to the community, this does not make them exempt from many types of lawsuits. Protecting your organization with the right coverage is key, and the Non Profit Insurance Center is here for you.

Non-Profit Insurance Myth #3
"If a non profit organization must purchase insurance, they should try to find the rock bottom price."
False. While some sources of insurance might be dramatically less expensive, you can't afford to ignore your specific needs and miss out on coverage you need. A non-profit insurance expert can help you find the coverage you need and keep your costs as low as possible.

Non-Profit Insurance Myth #4
"State laws provide immunity from lawsuits against non profits."
False. While a few states provide statutes that offer some protection for non-profit volunteers and directors, the vast majority (over 92%) do not provide any special exemption for non-profits. Chances are you are subject to any type of suit. Contact a non-profit insurance expert to discover how to avoid disaster by purchasing the appropriate coverage.

Non-Profit Insurance Myth #5
"Our Directors and Officers insurance will protect us against employment practices claims."
False. This coverage can offer very narrow protection when it comes to employment practices lawsuits. The truth is you may be on "thin ice" when it comes to employment-based claims. The solution: a separate employment practices policy to close these gaps.

As experts in non-profit insurance, we know that organizations like yours need to make every dollar count. Here are some tips that can help you get the best value for your money, while still keeping your funding safe for the future.

Non Profit Insurance Tips:

1. Shop around for the best value. Because you have specific needs, there may be a specific provider that will offer you the best value. One way to shop for the best deal is to find an independent agent, ideally one with expertise with non-profit groups. An independent agent works with several companies and can "do the dirty work" of finding the company that is the best fit for you.

2. While shopping, always remember to compare the same coverage. One quote might seem like a great deal, but might be lacking a certain endorsement or feature. Paying for coverage that doesn't keep you guarded against disaster isn't a good value no matter how much money you save.

3. Be aware of coverage that is included, but also those that are excluded. This is yet another trap that can come from letting the "fine print" sneak up on you. If a certain policy provides excellent coverage for off site activities, it may be of little value if your organization has most events on its own premises. There are many examples like these that show why you need to have an expert agent in your corner to make sure you get the perfect fit for your needs.

4. More questions to ask yourself:
· Do I need a policy specially designed for volunteer programs?
· Do I need a separate Workers Compensation policy?
· What is the difference between an admitted and non-admitted provider?
· What is Full Prior Acts Coverage?
· How do I find a specialist insurance agent to help me answer these questions?

Your non-profit organization deserves the best possible coverage it can get - coverage that "fills the gaps" and fits perfectly for your needs. Contact the non-profit insurance experts to get a quote for your non-profit - put your mind at ease today