Wednesday, July 11, 2018

Extended Reporting Periods - When Does It Apply To Your Nonprofit?

When a nonprofit chooses to close its doors, it may require a special coverage that could add an additional unforeseen insurance cost. This is especially true for the nonprofit that offers specialized professional services like adoption, therapeutic foster care, mental or behavioral health, or skilled medical care. Professional services are insured under a specific type of coverage form called a claims-made p...olicy and it responds differently to a claim then the traditional, better known and understood occurrence policy. 

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