As if running a successful non-profit organization wasn’t hard enough, you and your colleagues have to constantly be wary of legal actions from individuals and other organizations. To prevent a lawsuit from destroying you and your non-profit, purchase directors and officers (D&O) insurance from a reputable insurance firm in New York City. D&O insurance is […]
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Are Non-Profits Eligible for a Health Insurance Tax Credit?
Although non-profits are not required to purchase health insurance for employees, your organizations is eligible to purchase health insurance through state-specific “SHOP” programs which aim to make it easier for smaller workplaces to find affordable health insurance options. Additionally, federal legislation gives non-profits with fewer than 25 employees the right to receive a Small Business […]
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What is Group Health Insurance?
Group health insurance is an umbrella health insurance policy that includes all eligible members of a specific group. Most often these policies are purchased for employees. A group health insurance policy is your standard medical plan, and works the same as individual health insurance. Watch this short video and listen to an insurance broken explain […]
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Defining D&O Coverage
Are you a nonprofit organization looking for D&O insurance in New York City or any other city in the U.S.? At Gross & Company Insurance, we specialize in providing nonprofit insurance such as directors and officers insurance—also known as D&O coverage. To learn more about what D&O coverage entails, watch this video clip. To explain […]
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Understanding the Types of D&O Coverage for Non-Profits
Directors and officers liability insurance, also known as D&O insurance, is considered one of the most important types of insurance for nonprofits. Officers and directors of nonprofit boards have special responsibilities, such as the duty of care and the duty of loyalty, to advance the charitable goals of the nonprofit and protect their assets. Any […]
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Defining D&O Insurance
As the director or officer of a non-profit organization, you may be held personally responsible for any actions that lead to personal injury or financial ruin. As such, you can be sued directly for damages. Directors and officers liability insurance (D&O) provides defense and settlement provisions that can limit your personal risk in the event […]
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Answering Commonly Asked Questions about Director & Officer Insurance
Running a non-profit organization is demanding. In addition to performing your normal daily function, you and your executive colleagues have to constantly be wary of legal action from individuals or other organizations. After all, as a board member or executive of a non-profit, you assume responsibility for the way your organization is run and expose […]