Nonprofit Risk; Nonprofit Insurance

Abstract:     
Nonprofit insurance risks and insurance products objectively analyzed, in context of practical research and discussion, written for legal practitioners. This paper provides brief historical discussion of charitable immunity and provides outline treatment of nonprofit statutes and related immunity statutes. Developed textual footnotes compile nationwide legal research as well as insurance product research. Covers basic terminology needed to understand insurance product advertising (e.g., claims-made versus occurrence policies; coverage versus exclusions). Covers nationwide research on insurance claims litigation that will help readers make informed consumer decisions about what insurance products make sense in light of nonprofit risks. Highlights features of Directors and Officers Liability (D&O) insurance; Errors and Omissions (E&O) insurance; and General Liability (CGL) insurance. While case and statutory examples are drawn from Arkansas case and statutory law, national research and application appears in nonprofit insurance product discussion and in textual footnotes.

Keywords: nonprofit insurance, nonprofit, risk, nonprofit business insurance, insurance nonprofit, insurance for nonprofit organizations, nonprofit liability insurance

JEL Classifications: K12

Accepted Paper Series