Nonprofits
Owing to our 80 years of risk management experience, we have noticed an increase in the risk and liability exposures for nonprofits. Like any for-profit business, nonprofits also face several risks that could potentially jeopardize their operations and hurt their ability to operate.
While many of the same risks (e.g., financial, legal, etc.) apply to both types of organizations, nonprofits also face some additional risks that need to be managed to ensure their continued viability. Some of these include fundraising risks, volunteer management risks, and reputational risks.
Nonprofits need to take a proactive approach to manage these risks, as they can often have a significant impact on the organization’s ability to achieve its mission. At Lakenan, we have worked with nonprofits of all sizes to help them identify and manage their risks.
We have also developed a number of resources specifically for nonprofits, empowering them to make well-informed decisions about managing their risks. Besides, we bridge the gap between nonprofits and insurance coverages that are designed to protect them by providing expert analysis, resources, and products.
Areas of Expertise
Our nonprofit sector offerings include, among others:
- Fidelity and Crime
- Employment Practices Liability
- Directors and Officers Liability
- Sexual Misconduct Liability
- Professional Liability/Malpractice
- Abuse and Molestation
- General and Excess Liability
- Workers’ Compensation