Every day nonprofits face risk in virtually every aspect of their operations. Since risk cannot be eliminated because life itself involves risk, the goal must be to manage risk. As the word “manage” implies, when a nonprofit attempts to reduce or control, i.e., manage its risk, it takes time, effort and money, all of which can take away from the time, effort and money being spent on the mission of the nonprofit.
During this one hour webinar, our speaker will discuss tools that will help nonprofits minimize the amount of time, effort and money consumed by risk management. Specifically, “risk shifting” will be covered in three areas:
• contracts provisions and forms that shift risks and liability to another person or company;
• insurance that shifts responsibility for the consequences of risks to an insurance company; and
• how contracts and insurance fit together.
Presenter: George Sewell