In this episode of the NP Local podcast hosted by Jason Cass and Scott Niermann, they discuss what kind of insurance is appropriate for nonprofits.
Episode Highlights:
- Jason shares what the traits are that a person must have when an executive is looking for an agent. (3:34)
- Jason mentions why he fell into nonprofits. (4:31)
- Jason shares some of the companies that he works with. (7:25)
- Jason mentions the only reason why they’re usually writing the nonprofit. (7:48)
- Jason explains the two types of liability. (8:15)
- Jason mentions what workers comp is and why they do what they do. (12:10)
- Jason shares a scenario where he has seen huge claims for nonprofits. (13:51)
- Jason shares the significance of claims on workers comp. (16:37)
Key Quotes:
- “We have this misconception about how we quote and we have a misconception as to the way we should quote. Sometimes it’s our own fault because we get comfortable with the agent we have.” – Jason Cass
- “When we started to figure out how to help organizations lower their workers comp, we looked at other industries and said, Who else has high work comp issues?” – Jason Cass
- “There’s only a 1 out of 6 chance that you’d have somebody get hurt and workers comp and that’s your biggest one. There’s a 230 to 1 chance that your building is going to burn down, but 2.7 to 1 that you’ll have a cyber attack.” – Jason Cass
Resources Mentioned:
- Reach out to Jason Cass
- Reach out to Scott Niermann – Scott can assist with church, nonprofit, and commercial insurance in Tennessee and Georgia.
- Nonprofit Insured
- The Insurance Alliance serves organizations in Illinois, Missouri, Indiana, Kentucky, and Wisconsin.
- Niermann Coaching and Consulting
- The Chronicle of Philanthropy
- Managing the Non-profit Organization: Principles and Practices
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