Articles

Articles

What insurance do we need to cover volunteers?

What insurance do we need to cover volunteers?

When Tom Wertish (from Novallus Insurance) and I sat down to talk nonprofit insurance, he said this was one of the MOST common questions he gets. How can we know that we’re set in case anything happens with our volunteers? Watch his response to that question here.

This question is a squishy one – the role of volunteers can really vary, so it might depend on the situation.

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Insurance for all the nonprofit’s stuff

Insurance for all the nonprofit’s stuff

You’re a board member of a midsize nonprofit, and your phone rings Monday morning at 8:00 am. The executive director is calling, and it’s not good news: when she walked into the office, she discovered a MESS. A pipe burst, and the office and everything in it is flooded and ruined.

Panic is a pretty reasonable response no matter what. But if the nonprofit hasn’t insured its property, things are going to get a whole lot more difficult, right?

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Ready to hire? It might be time for an EPLI policy.

Ready to hire? It might be time for an EPLI policy.

I sat down with my good friend Tom Wertish not too long ago to chat about nonprofit insurance needs (go watch our entire convo here!), and one of the ones that came to mind for us both is Employment Practices Liability Insurance (EPLI). Say that three times fast, right?

Most brand new nonprofit startups won’t need this quite yet – it usually takes a while before the nonprofit can hire paid workers. But, for a growing nonprofit ready to hire an employee (or a 1099 contractor), it’s time to consider an EPLI policy.

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Don’t make THIS mistake on your 990!

Don’t make THIS mistake on your 990!

You know that donors and grant makers read your nonprofit’s 990 to learn about the organization. But did you think about that when you’re filling out this year’s 990? It’s super important to make sure you’re using the 990 as a communication tool – NOT just a required government document.

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Should your nonprofit have a Workers’ Compensation policy? (Probably.)

Should your nonprofit have a Workers’ Compensation policy? (Probably.)

I know, I know, a lot of nonprofits don’t have workers’ comp. Say you don’t have any employees, only 1099 contractors. Or, everything is run by volunteers. Or, the board is the only people involved. Most people would assume that you don’t need worker’s comp is not needed in any of those situations.

BUT in all those cases, you might need to start thinking about workers’ comp. Surprised? I was too, until I had a chance to sit down with Tom Wertish from Novallus Insurance. (Watch the video here!)

Read on to learn more!

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I just started a nonprofit…what kind of insurance do I need? Part two

I just started a nonprofit…what kind of insurance do I need? Part two

Looking for part one? Read it here!

So you’ve started a nonprofit, you have everything in place, and you even saw my conversation with Tom Wertish about D&O insurance and went out to get that. All done, right?

Well, not quite. Directors and Officers insurance isn’t the only insurance your nonprofit will need. Tom (my friend over at Novallus Insurance) and I also talked about general liability insurance as a must-have. ALL nonprofits (and for-profits for that matter), no matter the size, location or mission, should have general liability insurance. Watch our full conversation here!

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I just started a nonprofit…what kind of insurance do I need?

I just started a nonprofit…what kind of insurance do I need?

Recently I sat down to chat with a friend of mine, Tom Wertish, an insurance broker with Novallus Insurance, about the insurance needs of new nonprofit startups. (Watch the whole conversation here!)

A lot of nonprofit founders I meet with are surprised when I tell them to talk with an insurance agent. For some reason, people assume that nonprofits have less risk and don’t need insurance.

But, it’s actually the opposite!

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Putting together the board of directors? Here are some things to think about before asking your attorney friend to serve on the board.

Putting together the board of directors? Here are some things to think about before asking your attorney friend to serve on the board.

I work with a lot of people who’d like to start a nonprofit. One of first things I usually have to remind those founders is that a nonprofit startup needs board members. Once I remind them of all the important things the nonprofit board does, it’s up to them to find  people that’ll do a good job. Sometimes, those people are attorneys, and sometimes that can cause problems down the road.

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What Does it Mean to be a Nonprofit Board Member?

What Does it Mean to be a Nonprofit Board Member?

I work with a lot of people who think they’d like to start a nonprofit. One of first things I usually have to remind those founders is that a nonprofit needs board members. Usually, those founders don’t really know how important the board members really are.

I’m going to give you an overview of what the board does and what your legal obligations are as a member of a nonprofit board.  I can help founders understand what you’re asking from these folks and help board members better understand exactly what you are signing up for before you agree to serve on a nonprofit board.

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