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UID:17626-1674043200-1674046800@www.social-current.org
SUMMARY:Strategies for Insuring the Sector
DESCRIPTION:Register				\n							\n		In February 2020\, prior to the COVID-19 pandemic reaching crisis levels\, The Wall Street Journal wrote about the steady rising cost of insurance for U.S. businesses\, highlighting an example of The Children’s Shelter in San Antonio\, noting that their coverage premium went from $176\,000 to an astonishing $750\,000. That same month\, the Insurance Journal outlined how carriers are getting out of certain markets in the nonprofit sector—including those who serve children and adults. Needless to say\, the impact of those trends on community-based organizations’ risk management and sustainability since the start of the pandemic has not significantly improved. \nWhat is the sector to do? The task and challenge of insuring nonprofit organizations is a complex one and agents\, brokers\, underwriters\, and carrier representatives are more limited than ever for multiple reasons. This webinar from the Advancing Financial Sustainability SPARK Exchange will examine these challenges\, including the state of insurance marketplace (where it’s going and where it’s been)\, where claims are originating from\, the proper limits needed to protect your organization\, corporate structure and risk mitigation\, legislation and improved language\, and how state governments and community-based organizations can work together. \nAbout SPARK Exchange Groups \nSocial Current’s SPARK Exchanges unite social sector professionals around functional roles and key issue areas to collaborate\, share\, and/or access resources and solutions\, discuss emerging trends\, and receive policy updates and action opportunities. \nFacilitated by staff at Social Current and led by a core team of group members\, SPARK Exchanges provide specialized advice from peers throughout the country\, as well as rich\, timely content delivered through conference calls\, webinars\, discussion boards\, and in-person and virtual networking events. \nSPARK Exchanges are offered as a key benefit of Social Current’s engagement package. All staff at organizations that have enterprise-level engagement packages may join any of the SPARK Exchanges. \nTakeaways\n\nThe driving factors behind the current market conditions impacting the nonprofit sector\nHow to position your organization for the best possible renewal outcome\nRisk management best practices overview\nHow to get involved in advocacy opportunities\n\nWho Should Participate\n\nEngagement Package holders\nChief executives\nCFOs\nCOOs\n\n	\n\n					\n\n										\n		\n	\n\n\n	\n				\n			\n				Presenters\n			\n		\n		\n					\n\n									\n					\n						\n															\n													\n							\n								Eric Beck\n								\n																	Senior Vice President and National Non-Profit Practice Leader\nMarsh McLennan Agency \n								\n																										Biography\n									\n										\n											\n												\n													\n														\n													\n												\n												\n													\n														\n															\n																\n	                              	\n																																					\n																																			\n																	\n																		\n																			Eric Beck\n																																							Senior Vice President and National Non-Profit Practice Leader\nMarsh McLennan Agency \n																																						\n																				Eric Beck joined Bouchard Insurance in 2003 and was invited into the ownership group in 2007. He became one of the majority shareholders and a board member. In February of 2019\, Bouchard was acquired by Marsh McLennan Agency where he is a Senior Vice President and National Non-Profit Practice Leader. Prior to joining Bouchard Insurance\, he worked in many social service settings\, including residential group homes and as a teacher of severely emotionally disturbed middle school children. \nEric is active in many national and state non-profit associations and serve on numerous boards in leadership roles. He is the endorsed insurance agent for the Florida Association of Community Health Centers and the Florida Coalition for Children. Eric is a graduate of Leadership Pinellas and CEO Direct. He spends a lot of time working with clients to help defend their interests and funding sources. He regularly speaks at non-profit seminars on ways to reduce insurance costs and how to develop a sound risk management program. In 2016\, 2017 and 2021 Eric was recognized as a top 100 insurance agent in the country by Business Insurance magazine. \nHe obtained his bachelor’s degree in psychology from the University of Mississippi in 1996 and is certified in Adult Mental Health First Aid. He currently lives in Clearwater\, FL with his wife Leah and their three children.
URL:https://www.social-current.org/event/strategies-for-insuring-the-sector/
CATEGORIES:Webinar
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