Class Description
Nonprofit organizations have traditionally posed a challenge to insurance professionals in terms of identifying the appropriate coverage for their operations. Often at the root of this issue is the insurance professional’s lack of understanding of nonprofit business operations. Compounding the problem is the nonprofit’s lack of understanding of the insurance market and how to successfully market their organization to an underwriter. If the insurance professional and the nonprofit organization are not communicating successfully, the nonprofit may not have the appropriate insurance portfolio and the insurance professional is at risk of losing a client.
Participants in this webinar will learn:
- The unique operational aspects of nonprofits and how these differ from businesses
- How unique exposures emerge from the nonprofit’s operations and strategies for marketing these risks to underwriters
- How to raise your nonprofit clients’ awareness of the realities of procuring the appropriate insurance coverage and the nonprofit’s responsibilities in managing their risk exposures
- How insurance professionals and nonprofits can work together in a partnership that offers benefits to the nonprofit and insurance provider