Management Strategies

Crisis Management Strategies for Nonprofits

Nonprofit organizations can face significant challenges in dealing with a crisis. While their operations are compromised, the services that they provide to their communities may be needed more than ever. Over the course of 2020, nonprofits of every size and activity area have faced an unprecedented crisis requiring strategic responses and adaptability.

Create an Emergency Response Plan

It’s difficult if not impossible to chart a precise roadmap for unexpected or extraordinary events, but nonprofits need to have pre-established emergency response plans to guide their management process. Plans should include information such as when operations need to be suspended or modified and how resources should be reallocated.

Appoint a Crisis Management Team

The senior staff as well as board members need to play a very active role in crisis management, but it may also be necessary to get input from frontlines staff on how to best modify logistics and service provision. Nonprofit crisis response entails some difficult decision-making, and having a formal crisis management team can foster structured and informed decision-making.

One of the most integral aspects of almost every nonprofit’s mission is addressing a problem, so crisis management calls upon a strength that is already inherent to their activities. Careful planning and teamwork can enable a nonprofit to prevail in the midst of obstacles and uncertainty.


Medicare Advantage

The Benefits of Non-skilled Home Care with Medicare Advantage

As of 2019, Medicare Advantage plan insurers have been able to include a greater scope of benefits to help seniors who need care in their homes. This important benefit can help you or a senior loved one maintain independence while living alone and enjoy a greater quality of life.

Features of Care

Medicare Advantage non-skilled homecare can include several types of basic services that don’t require advanced medical training or expertise. For example, nonskilled home care can include help with activities such as meal preparation, housekeeping, and shopping. In contrast to other types of homecare covered by insurance, this type of care does not need to be prescribed by a primary care physician or specialist, but it must be recommended by a care provider and be “medically appropriate.”

Advantages of In-Home Care

Continuity in care with basic daily activities can help seniors adhere to a routine that is manageable, affordable, and fosters both physical and mental well-being. One of the primary objectives of home care is to improve regular health in order to diminish the utilization of emergency medical treatment and offset the need for more intensive care.

Non-skilled homecare can serve as an integral part of a support network. Ultimately, establishing a relationship with an excellent home care provider could make a significant difference in someone’s life.

Renter's Insurance

Understanding Renter’s Insurance

Moving into your first home is an exciting opportunity. Many landlords will require renter’s insurance, while many more will not. For the landlords that don’t require it, you may be wondering if you should purchase coverages under a renters policy regardless. 

Your Landlord’s Insurance

Many people have the misconception that they don’t need to purchase additional insurance because they are covered under their landlord’s property insurance. This is not true. 

Your landlord’s commercial real estate policy will only cover losses that apply to the actual dwelling. That means it will not cover your furnishings and belongings, nor will it cover any accidents that you may be found liable for, such as if your dog were to bite someone. 

Facts About Renter’s Insurance

Having a renter’s policy could save you a lot of money and frustration if something were to happen on the premises where you live.

A renter’s policy 

  • is affordable
  • covers loss of property
  • covers cost of another place to stay
  • protects you if someone is injured on the property

The policy is also customizable, so if you want more coverage in certain areas, you can purchase it. 

Having renter’s insurance could also save you from having to replace everything and not having a roof over your heard if something were to happen. That makes it is worth the peace of mind it brings for a low cost. 



Understanding the Safety Concerns of Cannabis Production

Every industry has a unique set of risks, ranging from production to contract liabilities. Employee injury is a serious concern for businesses of all sizes, affecting those who work in the office or out in the field. In the cannabis industry, there are several common workplace injuries that you need to be aware of.

Transport Injuries

In the cannabis industry, the final product has to be transported between locations. There are still a lot of states in the U.S. that haven`t legalized possession of marijuana; so many drivers may be faced with uncertain routes. This could lead to an increased risk of vehicle accidents, either from the condition of the vehicle, other motorists, or the driver`s reckless behavior.

Picking, Packing, and Storing Injuries

Probably the most common cannabis industry work injuries deal with the production and packing of the product. There is a lot of lifting, bending, pushing, and pulling, putting a strain on the different muscles of the body. Muscle sprains are commonly reported, as are back injuries for those who do a lot of loading and stocking. Without the right equipment and not using the proper techniques, the manual labor of unloading shipments, packing boxes, bending over to make product inspections, and reaching overhead can do a number on the body. Ergonomic injuries are a serious concern.

Proper training can help reduce some of the risks of injuries in the cannabis industry. A good insurance plan can be the help you need if an injury occurs.

Maritime Insurance

A Beginner’s Guide to Maritime Insurance

Marine insurance, also known as maritime insurance coverage, is an insurance policy that protects anything related to vessel transport. This is essential coverage for any company or individual transporting goods over water. In the event of an accident or weather-related incident, any losses to property can be claimed.

What’s Included

Maritime insurance specifically covers property. This means that any ships, vessels and goods that are lost can be compensated for in a claim. Most coverages can be tailored to a company’s specific needs depending on what they usually transport and where they go.

How It’s Different From Maritime Employer’s Liability Coverage

Employer’s liability does not cover property. Instead, it focuses on any employees or individuals harmed in an accident. Maritime jobs can come with many hazards, and coverage can prevent a company from paying out enormous claims if someone is hurt. It also covers employees who are on another vessel outside of the company’s fleet.

Why Coverage Is Essential

Any employer working in commercial sea industries should have general maritime insurance coverage and employer’s liability coverage. This ensures that all property is insured from damage and all employees feel safe and covered in case of an injury. You could lose many investments by failing to be insured, so don’t wait to get it.

Workers' Comp Insurance

Using an X-Mod for Your Workers’ Comp Insurance

There are a ton of expenses involved in running a business. Your insurance premiums, for example, are a huge cost associated with your company. Though the expense might be significant, having a suitable plan for Workers’ Compensation in place is crucial. One of the best ways to take control of your experience with insurance is by working with a provider that will help you use your experience modification factor. Also known as an X-mod, this is a way of getting the most out of your plan.

How to Manage an X-Mod Factor

Managing your X-mod is not complicated with a bit of assistance. Your X-mod directly impacts your premiums, specifically your Workers’ Compensation expenses. Expressed as a percentage, the number associated with your business will be unique and determines an indication of the overall safety of your company. The lower the risk, the easier it is to obtain premiums that work in favor of your business. The number will be determined by an organization specific to your state. In California, for example, the Workers’ Compensation Insurance Rating Bureau handles the percentage. Benefits of using an X-mod to determine your rate include:

  • Lowered premiums for Workers’ Compensation packages
  • More control over your plan
  • Reduced costs with many insurance options

Discover the Most Sensible Package

When it comes to properly insuring your business, there are several routes you can take. As long as you know all of your options and how factors like an X-mod can shape your journey, you will be ready to make the best decisions for your future.

Farming Risk Management

How to Successfully Manage Risks in Farming

The agricultural industry is a difficult and challenging one. There are certain risks inherent in farming that many other industries never have to contend with. There are many strategies that you can employ to help mitigate risks and propel your agricultural business forward.

Diversify Operations

Having a diverse operation can help shield you against losses in a single area. Vertical integration, or controlling more than one segment of the production process, is another useful strategy that can increase profits while reducing risk.

Plan for the Unexpected

Another key strategy is to prepare as best as possible for unexpected losses. Farm, ranch and livestock insurance products can help you recover losses due to weather, natural disasters, pesticide damage and any number of other unforeseen hazards. Conduct research into the coverage offered by agricultural insurance programs so you know what is available. Then make an informed decision about which ones will work best to help manage risks in your farming operations.

Know Your Options

Education is the key to your success. Take advantage of risk management programs offered by agricultural offices and trade partners. Make yourself aware of the assistance that is available should you face a potentially damaging situation, whether that is lost crops, property damage or an injury that occurs on your property.

There are no one-size-fits-all answers to reducing risk in farming. Take time to work with someone knowledgeable in the field to find a cohesive program that fits your agricultural operations.

Employee Benefits Package

Employee Benefits Package Options

In order to recruit and retain the best possible workforce, it’s important to offer a competitive benefits package. Employers have a wide variety of possible benefits to choose some, so it’s important to select offerings that are both affordable and appealing.

Health Insurance

One of the most crucial employee benefits options to incorporate into a package is health insurance. Some employers are required to offer this type of benefit depending on their size. The scope of coverage and the cost to individual employees in a group plan are among the most determinative factors to consider in choosing a plan.

Short Term and Long Term Disability

Being able to provide employees with disability benefits in the event that they are unable to work due to injury or illness is a benefit that employees will greatly value. It also benefits employers insofar as it enables their employees to support themselves during their recovery and return to their positions.

Life Insurance

Many companies offer employees life insurance policies for their staff. They are effective for the duration of a staff member’s employment and they may be for a set amount or equivalent to an employee’s annual salary.

Ultimately, many prospective employees value benefits offerings as highly as salary. It’s essential that you work with an experienced insurance carrier to build an excellent benefits package.

Commercial Insurance

3 Essential Insurance Plans For Biotech Companies

Companies in the biotech field engage in complex research activities that require sensitive, state-of-the-art equipment and often rely on the use of clinical trials. If you operate a business in this industry, it’s paramount that your company and its employees are protected against the risks they face. While it’s likely that you already have workers’ compensation and directors and officers plans, these are not enough to cover all of your liabilities. Below are three additional plans that are essential to organizations working in biotech.

  1. Commercial Property Insurance

This insurance product will protect your property against damage caused by fire, theft, vandalism, storms and other types of disasters. You should also make sure that your commercial property plan covers damage to any fragile equipment used by your company.

  1. Pollution Liability Insurance

Biotech coverages of this type are particularly important if your organization works with chemicals or produces hazardous waste. It will offer protection from third-party claims of property damage and bodily injury.

  1. Clinical Trial Insurance

While your business may apply rigorous safety measures to all of its clinical trials, unforeseen accidents and mistakes can still occur. Clinical trial insurance will pay for any resulting legal defense costs as well as the costs associated with a settlement or judgement.

The biotech industry has produced many advancements in the medical, agricultural and industrial fields, to name a few. This work is often essential to the continued welfare of humanity. Make sure that you and your employees are able to continue these important efforts by getting the insurance protection you need.

Coverage Plan Homeowner’s Insurance Insurance Coverage Snow damage coverages

Homeowner’s Insurance and Snow Damage

Winter storms with heavy snowfall and ice accumulation can cause significant damage to a home, including newer constructions. It’s important for homeowners to evaluate the protections offered by their current policies and consider possible exceptions.

Coverage Inclusions

Snow damage coverages typically include damage to a roof from heavy snowfall, damage to a home’s exterior caused by heavy winds, flooding from frozen or burst pipes, and torn gutters and siding caused by ice dams. These coverages may be excluded if they are attributable to a lack of maintenance.

Coverage Exceptions

Typically, a policy will exclude damages that could have been prevented with proper maintenance. In the case of ice dams, for example, dams caused by a failure to clean or care for gutters may be excluded. Likewise, damage caused by rotting trees that weren’t trimmed or removed could be excluded.

Flooding Damage

When the snow melts and floods a home, it’s generally not included within the scope of a homeowner’s policy. A homeowner would need a separate policy specifically covering flood damage.

Homeowners need to be conscientious about what their insurance coverage includes. Moreover, they need to take active steps to maintain their home and surrounding landscaping in order to ensure that they do not experience any type of preventable damage that may be excluded from a policy.