Webinar: Insurance 101 for Nonprofits
- Lauren Erickson
- Nonprofit Practice Leader
Amalgamated Bank and G2 teamed up for a webinar titled “Insurance 101 for Nonprofits” aimed at demystifying insurance concepts, purpose and terminology for nonprofit organizations.
Maura Keaney, VP of Commercial Banking at Amalgamated Bank, hosted the session. The presenters included:
- Lauren Erickson, VP, Nonprofit Practice, G2
- Mark Battat, VP, Personal Risk Management, G2
- Cynthia Jenkins, VP, Family Office Executive, G2
This webinar provided guidance and practical takeaways, including how to better:
- Understand insurance vs. risk management
- Identify what a modern, robust insurance program looks like
- Assess what coverage you need and what limits to buy
- Know what to look for on Certificates of Insurance
- Understand Additional Insured status and contract requirements
- Understand current insurance market conditions and how to prepare for next year
- Learn how to access free resources from your insurance companies
Best practices include:
- Don’t assume a risk is covered
- Review coverages that may have lapsed in COVID
- Know what is excluded from your coverage
- Don’t pay for coverage that vendors should supply
- Tell your story to your broker
- TALK to your broker EARLY and OFTEN
Click on the link below to view a recording of the webinar:
If you have any questions, please contact Lauren Erickson, Risk Management Consultant – Nonprofit Practice, at G2 Insurance Services, at 415-426-6656 or lerickson@G2insurance.com.