Property insurance:Property insurance covers damage or loss to buildings, office equipment, inventory and any other property the nonprofit owns. Fire and theft are common claims. Boards should be aware that not all insurance policies cover floods and earthquakes. Auto insurance:Nonprofits may buy auto...
Of the risk silos, financial risks have been identified by not-for--profit boards as the most important--and the ones they are least confident in managing, according to the McKinsey Quarterly article "The Dynamic Nonprofit Board" (2004, issue 2), which asked board members to name the most...
Public, private, and nonprofit Directors & Officers (D&O) Errors & Omissions (E&O) Fiduciary Crime Kidnap & Ransom We provide you with total management insurance answers for your clients. No matter how intricate the risk, we can help you secure competitive coverage for your insureds from the ...
Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and ...
David W. Tate, Esq. - Litigation and Trials; D&O, Boards and Audit Committees; Liability; Duties; Risk Management; Compliance; Investigations; Accountants, Auditors & Practices; Insurance Coverage & Bad Faith; Accountings; Public Companies, Private Compa
Various other cases and areas (environmental contamination, accidents, insurance, etc.). ⁃Boards and committees including audit and governance committees, investigations, independence, conflicts, governance, diligence, risk management, ESG, etc. – representation and advising re conduct, authority, dutie...
Some words require special permission to use (for example, “insurance” or “engineer” would require proof of specific licenses). How can you tell if the name you’d like to use for your LLC is already taken? To find out, search for your preferred name using the Secretary of State’s...
including those that are considered profane or obscene or that may mislead people about the nature of the business. Some words are restricted in most states, such as “bank” and other forms of the word (“banking” and “banker”), “engineering,”“insurance,” and “savings.” In some...
the LLC exists. The default language in the Articles of Organization form is “general business purposes.” North Dakota restricts any general business LLC from engaging in banking, farming, ranching, or insurance as a company that backs claims. There are separate forms for these types of LLCs...
If you plan to hire employees to work for your LLC, you will need to file for Arkansas Workers’ Compensation Insurance and withhold your employees’ income taxes. To get started, register for withholding tax with the Arkansas Department of Finance and Administration. Finally, if your LLC plans...