Property insurance can protect your nonprofit organization should you experience a fire flood, or another natural disaster. General liability insurance is key if volunteer trips and suffers a fracture at your offices. D&O insurance may prove invaluable for a wider range of unanticipated events, such as the following scenarios. If you do not currently have directors […]
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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 to Inspire Your Nonprofit Board
A successful nonprofit organization depends on many components, including its board of directors and D&O liability insurance . This video discusses how to get the most from your board members to elevate your nonprofit organization. An effective nonprofit board is one that feels empowered and encouraged to apply their know-how and skill toward strengthening the […]
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A Non-Profit’s Guide to D&O Coverage
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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Tips for Shopping for Group Health Coverage for Your Non-Profit
Although non-profit organizations are no obligated to provide health benefits for part-time and full-time employees, offering health insurance is a great way to give back to the men and women who help your organization thrive. Healthcare benefits are also vital if you want to attract and retain the best talent possible. And while it may […]
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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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The Non-Profit’s Guide to the Affordable Care Act and Group Health Insurance
Did you know that, according to the Council of Nonprofits, more than 10 percent of workers in the United States are employed by a tax-exempt nonprofit employer? If you are an employer at a nonprofit organization, then you already know how important health insurance benefits are to attracting and retaining employees. In this article, we […]