Without question, nonprofit organizations need liability insurance to protect against unforeseen risks.BoardEffect, our board management solution, helps nonprofit directors and leaders stay abreast of liability insurance policies with its comprehensive, easy-to-access document management feature. Customizable wo...
2. Board members believe insurance is enough. Some know enough about risk to ask whether the nonprofit has directors' and officers' liability insurance. If it does, they believe they and the organization are protected. But insurance is not a substitute for risk management. A D&O policy may ...
RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook Dictionary Thesaurus Legal Wikipedia Related to Nonprofit:Nonprofit organizations Nonprofit Organization An organization that operates as if it were a business but does not seek aprofit. Common examples of nonprofits inclu...
Nonprofits can face claims from decisions made by the board, wrongful termination, third-party discrimination and data breach concerns. USLI has a proven track record of partnering with nonprofits to help them protect their organizations not only now, but well into the future. General Liability Non...
workable, real-world solutions to their most pressing problems and concerns, including private inurement, lobbying limitations, subsidiary organizations, strategic alliances with for-profit and nonprofit organizations, board governance and responsibilities, liability insurance, planned giving vehicles, and much...
nimble support team to help staff, board and volunteers confront complex societal issues proactively with compassion and advocacy. To that end, we've built a consulting offering and platform of service that go beyond insurance to help you develop a sustainable foundation long term, so you can ser...
Within the nonprofit context, bylaws could provide for exculpation in order to protect directors and officers from personal liability arising from their nonprofit board service. Through such mechanism, their personal assets could be protected from potential liability and loss. A basic exculpation contrac...
Shared control.Because a nonprofit has no shareholders, determining control of the organization can be more difficult. Some organizations, like public charities, are required by law to operate under a shared governance model through which a diverse board of directors runs the corporation. ...
You need to formally incorporate your nonprofit in your state to protect you from liability. Research your local regulations before you begin, since requirements vary by state. Board selection Nonprofits run on trust. Choose board members who commit to your mission and bring diverse skills. Plan ...
Improved staff and board management Greater ability to engage donors Your fundraising calendar is your nonprofit’s roadmap for the year, and if you follow that map, you’ll ideally reach your fundraising goals’ destination. If something does come up and you need to deviate from your plan, ...