Board members are tasked with overseeing the continued success of an organization. These individuals are particularly crucial to nonprofit organizations, which typically operate on a smaller budget and do not have as steady income streams as for-profit companies. When selecting board members, try to find individuals who will fit best within the organization and bring […]
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What Are the Insurance Needs of a Nonprofit?
Nonprofit insurance in New York City can be very similar to the liability insurance necessary for a commercial enterprise. Like a major corporation, nonprofits typically have physical locations and employees. Because buildings can suffer damage, and employees can get hurt on the job, nonprofit insurance companies often recommend both property insurance and workers compensation insurance. […]
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How Do Non-Profits Qualify for the Small Business Insurance Tax Credits
These days, many prospective employees interviewing at multiple companies want to see that insurance benefits are part of the employment package. If you are an employer at a nonprofit organization, purchasing group nonprofit insurance can help your organization attract and retain employees. Fortunately, there is a tax credit available to some nonprofit organizations that helps […]
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Deductibles on Your Nonprofit’s Group Health Insurance
If you’re shopping for group health insurance for your non-profit’s employees, one of the most important factors in the price of the policy is the deductible each employee is responsible for. The deductible is simply the amount of money an insured individual must pay out-of-pocket before the insurance provider will pay the remaining bills. Watch […]
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Why D&O Insurance is So Important to Non-Profits
Running a business is a complicated affair; running a non-profit organization, even more so. In addition to performing all of your normal daily functions, you and your executive colleagues have to constantly be wary of legal action. To protect yourself and your organization from litigation, consider purchasing directors and officers (D&O) insurance from a company […]