Many board members don't think about the organization's insurance until something adverse happens. As one Blue Avocado reader commented: "Insurance isn't sexy, but it's as essential as a roof over your head." In these tight times, it's tempting to make insurance a low priority, but this strategy can be penny wise and pound foolish. Blue Avocado asked Pamela Davis, president and CEO of the Nonprofits Insurance Alliance Group (and a Blue Avocado Steering Committee member) to give us the low-down on liability.
Q: Pamela, what are the most common insurance claims against nonprofits? How much do they end up costing?
Pamela: Almost all of the claims -- 90 percent-- reported by nonprofit . . .