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Between 1984 and 1986, general liability insurance premiums increased 200 percent or more for one out of four charitable nonprofit organizations in California. During that same period, insurance companies canceled or refused to renew the general liability policies of one out of five California charitable nonprofits.
The Association for Cooperative Operations Research and Development (ACORD) is a non-profit organization in the insurance industry. [1] ACORD publishes and maintains an archive of standardized forms. ACORD has also developed a comprehensive library of electronic data standards with more than 1200 standardized transaction types to support ...
Directors & Officers Liability Insurance: Introduction [3] PLUS University is a two-day, classroom-style instructional event designed for new entrants to the professional liability industry. [ 3 ] The curriculum for PLUS University is drawn from the RPLU modules, and courses are led by experienced members of the industry.
Insurance transfers the financial risk of certain events from a business to the insurance company. When premiums are paid for an insurance policy, the risks' potential cost is shared with the insurer.
Non-profits can have vicarious liability for injuries caused by their employees or volunteers to third parties, such as by traffic accidents. For this reason it is prudent for any non-profit to obtain liability insurance. Non-profits which have paid staff must comply with minimum wage laws, and with the requirement in most states to obtain ...
Brotherhood Mutual provides insurance to more than 60,000 customers throughout the United States. [3] Types of insurance provided include property, liability, commercial auto, workers' compensation, and travel. They also provide payroll services and travel assistance services to churches, Christian schools, camps, colleges, nonprofits, and ...
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