A few months ago, we reviewed different insurance coverage issues for not-for-profits.
(Go to "Nonprofit Directors and Officers Insurance: The Good, the Bad, and the Ugly
" and "Insurance Trips and Traps for Nonprofits
" if you missed the first two installments.) How about the administrative burden insurance causes an organization? Here are some tips for making your insurance program easier to manage.
Last month we discussed the unique issues
presented by nonprofit directors and officers insurance
. There are issues lurking in other parts of your insurance program, too.
In my insurance consulting work with nonprofits, one area of coverage is a topic of constant concern—directors and officers insurance, a.k.a. D&O. There is, in many ways, an air of mystery around this kind of policy. Let's get rid of that!