travelover
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 31, 2007
- Messages
- 14,328
I belong to a small nonprofit group, the Friends of XYZ State Park. We have about 8 active members that comprise our board, and about 50 contributing members and own no real estate or vehicles. We do things like trail clearing and small capital projects at the park with grants, when we can get them.
Our problem is that grant applications now require that we carry Directors and Officers Insurance, in addition to general liability insurance. The cheapest D&O insurance that we can find is about $700 yearly, which is coincidentally about our total income from membership. We can't seem to find a a source for insurance that is at the same scale as our on nonprofit - most policies are aimed at a much larger organization.
Any suggestions on where to seek out less expensive and more appropriate insurance?
Our problem is that grant applications now require that we carry Directors and Officers Insurance, in addition to general liability insurance. The cheapest D&O insurance that we can find is about $700 yearly, which is coincidentally about our total income from membership. We can't seem to find a a source for insurance that is at the same scale as our on nonprofit - most policies are aimed at a much larger organization.
Any suggestions on where to seek out less expensive and more appropriate insurance?