Featured Article: Ten Tips for Buying Insurance
Many nonprofit managers dread the insurance purchasing process. An insurer may demand a lot of information, but then decline to offer a policy. The process may seem to waste valuable time and resources.
However, insurance is an important risk management tool. Insurance protects against catastrophic losses, stabilizes expenditure flow, preserves earnings and resources, and provides settlement money so that small claims do not turn out to be big ones. Insurance gives your staff the peace of mind that they will be protected in the event that a claim does arise.
Nonprofit Risk Management Center (NRMC) is a national resource to the nonprofit community that provides affordable and practical management assistance. Special thanks to the Nonprofit Risk Management Center for being a reliable nonprofit risk resource and for allowing Nonprofit Insurance Advisors to post NRMC informational articles.