Insurance Coverage
This article explores what businesses and organizations should consider for the scope and mechanics of their commercial general liability (CGL) insurance policies. First, we will look specifically at some common scenarios where an organization might have an expectation of coverage but where coverage might not exist. Second, we will discuss ways to gauge whether your organization has sufficient policy limits for each area of potential risk. Finally, we will explain why it is important to keep records of all the policies that have been in effect during the course of your organization’s operation.
Employment Practices Liability Insurance (EPLI) protects employers from risks associated with how employees are managed. Employers should not assume they are covered under their general liability insurance policy.
Part one discusses how organizations operating abroad should be wary of possible gaps in insurance coverage. Avoiding those gaps is essential to the continued health of your ministry.
The Tenth Circuit reminds lawyers of the importance of good billing practices in this Colorado case on attorney malpractice insurance defense coverage, where billing practices ended up not covered by the policy.
A lawsuit for an uninsured liability could wipe you out. Here are coverages and endorsements you should check over carefully, both to be sure that you have them, and that the details of the policy are accurate.
If your ministry is planning a short-term mission trip, such as a spring break construction project, the insurance issues can be confusing. Does everyone have health insurance? Will it cover health issues that occur overseas? Will it cover emergencies like medical evacuation? Do people have auto insurance? Will that cover them overseas if they are driving? What if they are passengers?
In June 2013, Crystal & Company, which is a large risk and insurance advisor, put out a “Survey of Nonprofit Risk Management.” The survey studied large nonprofits, with the smallest ones surveyed having revenues of $25 million to $50 million. For many nonprofits, that seems like a different world. Still, it highlighted some principles useful to all nonprofits.