Remove Contract Remove Liability Remove Policy
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What Are 7 Common Nonprofit Startup Costs?

GrantNews

This will include money for payroll, benefits, payroll taxes and contract employees. However, most nonprofit organizations start out with a Business Owner’s Policy (BOP). This plan includes general liability insurance, commercial property insurance and business income insurance. The cost usually runs from $200-$300 a month.

Insurance 114
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5 Strategies To Keep Your Office Safe

The NonProfit Times

Many times, they will assume liability when they are responding to criminal activity at your facility. Private security contractors – An established security contract with a professional security service. Hired local law enforcement – Highly trained security who are experienced in handling a weapon in high-intensity situations.

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Why Nonprofits Are Needed in the Sharing Economy

Tech Soup

Blurred Policy Lines and the Downsides of Sharing. She calls it The Great Risk Shift, where for-profit companies are shifting the liability, overhead, insurance, and consumer risks to the individual workers (and to the consumers). Sustainability and other do-gooder motivations are much lower on the list of reasons why they participate.

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Security: The Scary Part of Cloud Computing

Tech Soup

If there is a security breach by one of your cloud vendors, primary liability for sensitive data rests with your organization - not the cloud vendor. The way to judge a cloud vendor's strength is to read their service level agreement, privacy policy, audit reports, and standard contract. Additional TechSoup Resources.

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Financial Audits for Small Nonprofits By: Kellie Brungard, GPC

Assel Grant Services

Disclaimer of Opinion – This type of report shows a company is not compliant with GAAP guidelines and portrays gross misstatements on its assets and liabilities. improving policies and procedures and strengthening internal controls). First, be aware of the contract requirements before signing an agreement.

GPC 40
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Nonprofit Board Member Onboarding: 12 Things to Cover

Qgiv

In short, the board’s duty is to deal with the policies and the “big issues.” The staff, as led by the executive director (president, CEO…) implements that policy: the tactical three-foot view. Program volunteers will also have policy implementation duties. Think strategic, 3,000-foot view.

Finance 52
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Safety First: How to Mitigate Risk at In-Person Events

Qgiv

Be sure you understand expectations while going through the contract process. It’s always a good idea to have pre-event meetings with vendors to go through expectations and complete a formal contract. Your in-kind contracts will most likely not need to be as robust. Don’t forget the weather report.