The nature and business goals of nonprofit organizations are unique; therefore, their insurance coverage must be too. Nonprofits employ income-reliant individuals while also facing obstacles such as donor retention, stewardship, and volunteer liability all while championing for a worthy cause. And with different organizational goals also comes different requirements for insurance coverage. In order to … Continue reading Common Insurance Obstacles Nonprofits Face
Crisis management is difficult even under normal circumstances, and with an on-going health crisis, it is even more difficult to predict what policies and procedures your nonprofit should have in place. If we have learned anything from the COVID-19 pandemic, it is that preparedness and resiliency against known risks and threats are essential, no matter … Continue reading Five COVID-19 related policies and procedures your nonprofit should have in place
The H&A 3rd Quarter Newsletter is hot off the press and is titled "Commercial Insurance Forecast". It's a look into the insurance marketplace during the economic downturn and COVID-19, plus other interesting articles and fun facts!
When it rains it pours... If things aren't bad enough, the insurance marketplace is following suit. We are seeing premium increases, many sizable, for more lines of insurance than we've experienced in recent memory. Along with the increases, we are also experiencing more restrictive coverage, minimum premium increases, lower limits and some carriers are even … Continue reading Commercial Insurance Forecast – Cloudy with A Chance of Premium Increase
The hurricane season officially starts on June 1st and ends on November 30th. The 2020 North Atlantic hurricane season is off to a historically fast start with already three named storms by early June. This year will mark the sixth consecutive year that a named storm has preceded the official start of hurricane season. The … Continue reading Hurricane Safety and Preparedness