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Problem A nonprofit with 86 employees absorbed a 32% increase for employee health benefits in 2024. They were told by their existing broker that premiums would go up another 25% in 2025. Upon being questioned, the broker said the best they could do was to reduce the premium increase to…

Employment practice lawsuits can prove to be damaging financially and to a business’s reputation. According to the U.S. Equal Employment Opportunity Commission, there were 110 lawsuits filed in the 2024 fiscal year ending Sept. 30.  The average cost of employment practice claims is $217,000 and it can take nearly a…

Accepting the invitation to join a board of directors for a nonprofit organization can be a great honor, but the role also carries many responsibilities. Before you agree to accept a board seat, make sure you understand the roles, risks and responsibilities involved. 1.) What are the expectations of your role on…

Problem: Egregious mark ups on Medical Specialty Drugs, aka J-codes/white bagging An existing client, a large nonprofit with 6,000 employees, was faced with an unusually high renewal proposal due to a very high-cost medical specialty drug. They had an employee with a chronic condition who had been receiving this expensive…

Many Directors and Officers of private companies and nonprofit organizations understand the importance of D&O insurance to protect their personal assets, as well as the entity’s balance sheet. Yet, many fail to take the time to understand important exclusions that are embedded in the policy. One such exclusion is professional…

Situation A large nonprofit in Cincinnati has been serving the community for more than 50 years. The organization, which serves Greater Cincinnati for addiction services, had two major claims and several smaller claims over the years. The small claims were reported without the organization understanding the impact they would have…

The mission of many human service organizations is to provide meaningful programs and services in their community to children and their families in a safe, supportive setting. One of the most important aspects of these services is to protect the most vulnerable population that they serve. Sadly, child sexual abuse…

As nonprofits face an increasing amount of need by those they serve, they can also look forward to a host of potential pitfalls on the back end. Nonprofits should keep an eye open to several trends that could impact operations by boosting their exposure to risk. Potential Property Pitfalls The…

Whether an individual is sitting on the board of a local nonprofit entity, a mid-sized private firm or a large Fortune 500 company, Directors and Officers Liability insurance (D&O) is an important consideration for both individual executives and the company. At its most basic level, D&O coverage is intended to…

Vulnerabilities and opportunities of risk are topics that worry most organizations. Understanding the risks your nonprofit faces also means understanding the necessary measures needed to prevent those risks from happening. From insurance coverage to internal controls, there are effective steps to put in place to ensure you are protecting your…