For nonprofit childcare providers, the overriding trend today is tight state budgets and reduced revenues. 

One way providers are trying to adjust to this new reality has significant implications for their insurance programs: relying on volunteers to do the work that paid employees used to do, says William Henry, executive director of Volunteers Insurance Services Association Inc. (VIS), a part of CIMA Cos. of Woodbridge, Va. VIS covers some 5,000 nonprofits through partnerships with 240 agents and brokers nationwide. 

Driven in part by this trend of nonprofits turning more and more to unpaid helping hands, VIS has created a “volunteer-liability policy” to cover the volunteers of nonprofit childcare centers as a shield for the organization's general-liability (GL) policy. 

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.