A not-for-profit organization’s operating margin is already thin without having to withstand the potentially devastating financial impact of a sudden liability or crime-related loss. Furthermore, the personal assets of directors and officers may be at risk due to their decisions, actions, or inactions.
A not-for-profit organization’s need for protection may depend in part on its ability to survive potentially catastrophic risks such as:
- Allegations of mismanagement by donors
- A discrimination lawsuit from several employees
- An embezzlement scheme carried out over a number of years
- A sexual harassment claim from a vendor
- An allegation of pension mismanagement from an employee
- An extortion threat to publicize proprietary information
- Media Liability
Layline Risk Management Partners designs policies specifically to help protect not-for-profit organizations and their directors, officers, employees, and volunteers from the most complex threats of litigation—as well as fraud, extortion, and other crimes—that may impact their bottom lines.