Don't be caught with inadequate insurance for your nonprofit - find out everything you need for proper coverage.
For most nonprofit organizations, the importance of insurance is old news. Too often, that appreciation stops at the headline and remains frozen in the past. Nonprofit organizations, their directors, and their executives sometimes assume that broadly named form insurance policies cover their potential liabilities without reading the fine print. When disaster strikes that fine print can make the difference between a nonprofit organization receiving its bargained-for insurance benefits and dipping into its own reserves. D.S. Gray and Thomasina Poirot of Venable LLP will explore the needs that nonprofit organizations satisfy with insurance, coverage gaps that often creep into policies, and how nonprofit organizations can address those threats to their sustainability. Discuss emerging issues and recent developments with respect to coverage - invaluable information for nonprofits and their advisers concerned with minimizing risk and loss.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
The Five W's and H of Nonprofit Insurance Coverage
Why Does a Nonprofit Need Insurance? Why Does It Need to Understand That Coverage?
- Inherent Risks
- One Size Does Not Fit All
What Types of Insurance Policies Should a Nonprofit Consider?
Who Should Be Insured? Who Should Be Involved in That Determination?
- Nonprofit Organization
- Its Broker
- Its Carrier
- Its Insurance Coverage Counsel
To Where Should That Coverage Extend?
- Past, Present, Future Activities
- Everywhere a Nonprofit Organization Does
When Should a Nonprofit Organization Consider Insurance Coverage Issues?
- Baseline Assessment
- Reassessments
- Renewals
How Can a Nonprofit Organization Protect Its Interests?
- Insurance as a Part of a Risk Management Program, Not the Risk Management Program
- Insurance Must Evolve With a Nonprofit Organization and Its Risks
- Scope of Coverage
- Exclusions
- Conditions
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 9, 2015.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
David S. Gray
Venable LLP
- Member of Venable LLP’s Product Liability and Toxic Torts Group
- Worked on both sides of insurance coverage issues for more than a decade
- During the first years of his practice, represented insurance companies involved in insurance coverage litigation
- Litigated issues involving commercial general liabilities policies, directors and officers policies, and life insurance policies in a variety of federal and state courts, enforcing the key policy provisions on which insurers rely to minimize their risk
- Helped insureds identify gaps in their insurance programs, pursue coverage under the policies that they have purchased, and challenge insurers that refuse to honor their coverage commitments
- J.D. degree, summa cum laude, University of Baltimore School of Law
- Can be contacted at 410-244-7682 or [email protected]
Thomasina E. Poirot
Venable LLP
- Member of Venable LLP’s Product Liability and Toxic Torts Group
- Worked at a large insurance company for seven years doing complex coverage analyses
- Advised nonprofit clients about gaps in their insurance programs
- Brought declaratory judgment actions against insurers denying coverage
- J.D. degree, University of Baltimore School of Law
- Can be contacted at 410-244-7574 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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