Nonprofit organizations purchase insurance for many reasons, covering many exposures (risks), and at a wide range of prices. This book puts insurance in perspective as a risk-financing tool that is part of an overall risk management strategy. After reading this book, you’ll have an overview of what insurance can and can’t do to protect your nonprofit’s mission. You’ll also understand the role of an insurance professional (typically an agent or broker) and know how to go about evaluating the services you’re receiving from your insurance advisor. You'll also know how to put your insurance program “out to bid.”
Coverage, Claims and Consequences also offers information on how to read and understand your insurance contracts...something you've probably been avoiding!
Anyway you slice it, insurance is a complicated topic. This book helps cut through the confusion and unfamiliar terms and will increase your confidence about your insurance "know-how." Once you've read the entire book or sections of interest, you'll want to put this resource within arm's length on your office bookshelf.
Funding to support the publication of Coverage, Claims, & Consequences was provided by the Public Entity Risk Institute.