What to know when Soliciting a Nonprofit or Social Service Agency
How do you sell to nonprofits and Social Service agencies?
Why should you look to serve nonprofit clients?
Types of Nonprofits and Social Service Agencies
What are the potential exposures and insurance related concerns of nonprofits?
Identifying exposures for nonprofits.
What is generally at risk can be categorized as follows:
Coverage concerns of the use of volunteers.
Due to financial constraints, many nonprofits use volunteers to deliver service. When assessing a nonprofit's exposures, the agent should obtain information on the following:
Thorough hiring and screening practices should be in place to guarantee that the insured is properly screening all potential individuals that will have direct contact with their clients. Besides the initial employment application, interview and securing of references, the nonprofit should be conducting fingerprinting (especially when dealing with children) and background checks on all new hires.
Where necessary, the insured should verify that all staff is degreed and experienced in their positions held. An adequate ratio of employees/staff to clients should exist to ensure that clients/consumers of the nonprofit are adequate supervised at all times.
Accommodate potential coverage gaps and special coverage concerns.
Identify coverage needs or potential gaps in coverage that our program addresses
General coverage needs include some of the following:
What are the advantages of an A-rated carrier?
Scope of Opportunity in Nonprofit
Nonprofits consist of more than a million organizations nationally. Each nonprofit operates with a managing director and a financial director who report to a board of directors generally comprised of members of the community. Funding, insurance and other major decisions are compiled by the managing and financial directors and are typically approved on through a vote by the board.
Agents & Brokers