Risk Management: Non-Owned Auto
It is common for nonprofit organizations to have their employees and/or volunteers to drive their personal autos for business-related purposes. This, however, provides the organization with additional liability exposures. In the event your employee or volunteer is in a car accident while using their personal auto on your behalf, your organization can be held liable. […]
Be Prepared for the Unexpected!!
In creating an effective crisis management plan, your organization should explore various potential crises your organization can face, such as fire, weather-related perils, workplace violence, and cyber-attacks. After assessing the risks, create a crisis management plan to address those risks identified. This process should be assessed regularly to strengthen any weaknesses in the current plan […]
Are You Ready for the New Year?
Be Prepared or it Can Cost You! As the New Year begins, it is important for every organization to review their risk management procedures by addressing any weaknesses to prevent potential accidents that lead to costly claims. One risk management tool to assist in mitigating the costs of claims arising out of your organization’s operations […]
Tips to Help Prevent Employee Theft
A recent report shows that the majority of employee thefts occur in small businesses with less than 150 employees. In most instances, trusted employees perpetuate employee theft. The following are a few of the more common embezzlement myths, which fool administrators into complacency: “Everyone who works here is a trusted employee.” “Nonprofits rarely have to […]
Back to Basics: Workers Compensation Premium Calculation
Did you ever wonder how workers’ compensation is calculated and why premiums fluctuate even though your payroll is consistent? Most administrators know that workers’ compensation premium is based primarily on the estimated annual payroll. However, many times, we receive concerns from our clients who were billed an additional premium at audit. Many times this additional […]