How to Maximize Your Insurance Coverage

How to Maximize Your Insurance Coverage

By: David S. Gray and Jeffrey S. Tenenbaum

Though insurance options can be daunting for associations, they're designed to accommodate a variety of needs. An understanding of what's available and what you need to keep an eye on can help you select the best policies.

Matching the potential risks faced by a nonprofit organization with its insurance policies can challenge even seasoned executives. Policies often employ arcane, confusing language. The diversity of nonprofit organizations defies a one-size-fits-all mentality. Significant shifts in priorities, as well as new programs and activities, may require shifts in insurance coverage. And let's be honest: Few people start or go to work for a nonprofit because they yearn to monitor insurance issues. ...