The Greater New Orleans Foundation Organizational Effectiveness Initiative (OE) partnered with Gillis, Ellis & Baker, Inc. to host a workshop on buying the right Insurance for your non-profit. This workshop was designed for Executive Directors, COOs, Office Managers, Risk Managers, and board members.
The seminar introduced staff and board members to the (sometimes confusing) world of insurance. Attendees received a basic overview of typical nonprofit insurance needs such as Commercial General Liability (CGL), Director’s & Officer’s Liability (D&O), Property Insurance and other types of coverage most every nonprofit should consider, regardless of size. In addition, this session shared how to purchase insurance, how to interpret the fine print, what fundraisers or events may require additional insurance, and what to expect from your Broker or Agent.
Key takeaways included:
- Understanding common reasons claims are denied
- Understanding how to buy insurance
- Understanding how to interpret the fine print of your policies
- Understanding what to expect from your Broker or Agent
*This workshop was for informational purposes only. The foundation staff and trainers are not lawyers nor are they providing legal advice.
Resources from Protecting Your Mission: How the Right Coverage Builds a Foundation for Success:
Protecting Your Mission: How the Right Coverage Builds a Foundation for Success (pdf)