3 Important Liability Insurance Coverage Options for Non-profit Organizations

It’s no secret that nonprofit organizations operate on limited budgets, but liability insurance coverage is a necessity that ensures the physical, monetary, and reputational protection of the organizations, their hardworking employees, and their loyal crews of volunteers. Decide which policies work best for your organization, while keeping in mind a few of the most important coverages to have on hand.

1. General Liability

Although it’s considered a standard insurance policy, general liability is undoubtedly one of the best nonprofit liability insurance coverage options. It helps cover the costs of any ensuing damages should an employee or volunteer cause injury to another person or another person’s property while on the job.

2. Workers’ Compensation

Like general liability, workers’ comp is a basic coverage option that has earned its spot as a necessary policy. In addition to being, in many states, a legal requirement, workers’ comp protects your company as well as employees if they obtain injury on company property or while conducting company business.

3. Property Insurance

While property insurance is often considered a desired policy rather than a required one, it’s vital to the success of most organizations. If your organization contains any special equipment, including technological property like computers and phones, it’s unwise––and often illegal––to not possess any coverage for the property.

Before choosing policies, investigate all liability coverage options, as some may be more or less suitable for your specific needs. Adequate research affords the best available options without breaking your budget.

2 Types of Fraud Businesses Need to Watch For

When most people think of employees stealing from their employment, they imagine someone raiding the supply closet and hauling boxes of pens and stacks of legal pads home with them. Payroll fraud (including ghost payroll and timesheet fraud) is a more costly sort of fraud that occurs in businesses of all sizes across the country.

Ghost Payroll

Do you compensate people who don’t truly work for you? You could be surprised. The second most common sort of fraud is ghost payroll, which is frequently perpetrated by your payroll staff or manager. In a nutshell, a ghost employee is either a fictitious person who has never worked for your firm but was “created” by payroll to drain funds or a former employee who left but was never legally terminated in the payroll system.

Timesheet Fraud

Paying employees inappropriately for the hours they work is known as timesheet fraud. Employees may have a coworker clock in and out for them when they aren’t even scheduled to work; in other situations, corporations overpay employees based on fraudulent timesheet entries.

One typical timesheet scam is for an employee to “forget” to clock in or out, necessitating a manual input, to which they then add excess hours. In other circumstances, a payroll clerk may be complicit in the plan, manually altering employee timesheets to boost the number of hours worked or even the pay rate.

Payroll fraud is expensive for your company. It’s critical to keep track of who’s getting paid what and to ensure that employees are getting paid what they’re worth. Furthermore, if your payroll is exact, you can concentrate on keeping those paper clips from escaping the supply closet.

Tips For Staying Safe In The Warehouse This Winter

Considering the nature of the work, it’s hardly surprising that warehouses are prone to dangerous accidents. As the weather gets colder and the nights get longer, though, it can be especially dangerous. What are some ways that you can practice winter warehouse safety while on the job?

Personal Protective Equipment (PPE)

When you wear the right PPE to keep you safe at work, you reduce the chances of getting injured on the job — and therefore reduce the chances of having to call pros like the HILB group of Florida in case of an injury. Wear the right footwear to prevent slips and falls, keep a helmet and goggles on when the occasion calls and protect your ears from harsh, loud noise.

Keep Warm

Warehouses are huge, so they can get cold and drafty. Bring an extra-thick jacket, work gloves and a beanie to keep you warm as you go about your day.

Stay Healthy

Keeping doing the everyday things you do to stay healthy: Wash your hands, take your vitamins and get a good night’s sleep. Staying home when you’re sick also reduces the risk of you spreading illness to others.

Stay safe as you do your work in the warehouse. It’s not always easy, but taking the right protective measures can at least make it safe.

Be Prepared for Claims of Sexual Harassment in the Workplace

Most people don’t want to accept that sexual harassment can happen at work with people you see nearly every day. However, ignoring the truth only means people may end up hurt and the company can suffer monetary and reputational damages. Fortunately, sexual misconduct insurance offers liability to companies in the event such a situation occurs.

Reasons a Claim Is Filed

Harassment can come in the form of inappropriate language and physical actions, such as touching. It can also happen during the day at work or during a company party when alcohol is involved. Either way, the company is responsible to some extent. If a claim is filed against your company, a lawsuit usually results from the following:

  • Inadequate training on appropriate behavior
  • Failure to take necessary disciplinary measures against guilty employees
  • Negligence during hiring
  • Inaction when an employee reports an instance of harassment

Protecting Your Company From Sexual Harassment Claims

While there is no guarantee that your business will be rocked by a sexual harassment claim, it is important to be protected with sexual misconduct insurance. According to World Wide Speciality Programs, this type of insurance policy can help companies when a sexual harassment claim is filed. Unfortunately, you cannot control everyone’s actions in the workplace, but you can take measures into your own hands and be ready.

Understanding General Liability Insurance

If you own a business, you know how important liability coverage can be for protecting your legal responsibilities. However, before you purchase any insurance program you should be sure you understand the general liability definition and what this policy can do for you.

What General Liability Is

General liability is a comprehensive insurance policy that offers protection against claims from several parties, including employees, business owners, vendors and the public. In many cases, the state government requires businesses to have this type of insurance in order to operate legally. The policy itself can safeguard your business against the following types of claims:

Negligence
Workplace injuries
Faulty products

When you have a general liability insurance policy, you can make sure medical and legal fees are covered so you do not have to pay these costs out of pocket. In short, this insurance plan protects your business by providing coverage against claims from all possible parties and even covers the costs associated with settlements. No matter what type of business you have, this policy is good to have for added security.

Protect Your Business With General Liability

Owning a business can be risky, but having an insurance policy that protects you can provide peace of mind. The only problem is choosing the right plan, but understanding the difference between policies can make things easier. Now that you know the general liability definition, you can choose which policy is right for you.