Talk about the ability to pivot and to think differently! Nonprofits have always embraced change as an important aspect of re-engineering and re-imagining vital community services and value. In this issue of the Gallagher Nonprofit Beat, our team shares various ways that we must pivot to thinking differently about how to best finance risk.
Insurance accessibility and affordability for many nonprofits have become big topics of discussion. Carriers once serving the third sector are either leaving, parsing off segments of tougher risks, reducing limits or facing balance sheet challenges. Not just Property insurance but also Auto, Liability and more. It's a tsunami of sorts.
Our consultants share some strategies for thinking differently, but nothing can beat prioritizing risk management and duty of care. Once we get our house in order, we're in a stronger position to make our case — for terms and conditions that we CAN access and afford.
