Insuring against the next recession | Philanthropy Journal: "'For the most part, it's an uninsurable exposure,' says Melanie Lockwood Herman, executive director of the Nonprofit Risk Management Center, located in Leesburg, Va. 'Most of the harm nonprofits faced during the recession were things for which there was no insurance.'
Because of competitive forces in the insurance industry, many nonprofits have solid coverage these days, with excellent policies offered for relatively low rates.
'The downturn hasn't turned up any gaps in coverage, but it has exposed weaknesses in risk management,' says Herman."
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