14 BRAND STORY Jacob Colmenero, left, and Dominique Easterling, right, are Sales Executives at Marsh McLennan Agency. PRODUCED BY THE OREGON BUSINESS MARKETING DEPARTMENT BY NATALIA HURT On their missions to protect people and planet, many nonprofits overlook critical steps for protecting themselves. Patchy health benefits and liability coverage leave room for risks that can dismantle a lifetime of effort. On the other hand, according to experts at leading insurance brokerage Marsh McLennan Agency, full-spectrum insurance strategies let nonprofits shine as exceptional employers and stewards, ultimately translating into growth and resilience. Despite shoestring budgets, nonprofits still have complex responsibilities to uphold, from managing benefits (401K, PTO, medical,dental…) to implementing effective processes (payroll, onboarding, donor tracking...). Then, there’s the complicated world of risk management—negotiating airtight contracts, transferring risk and securing competitive rates. “All of this represents dollars being diverted from their mission,” explains Jacob Colmenero, Sales Executive, Employee Health and Benefits, Marsh McLennan Agency. “And with nonprofits, we do everything we can to minimize that. We make sure we understand where they’re going, how they’re growing and if their policies reflect that.” Nonprofits, along with mainstream businesses, can often miss vulnerabilities or redundancies, simply due to the complexities of insurance or a lack of experience—their eyes set on their mission, not on the worst-case scenarios. “Nobody starts a nonprofit assuming they’re going to be sued one day,” says Dominique Easterling, Sales Executive, Business Insurance, Marsh McLennan Agency. “Inevitably, lawsuits or threats of lawsuits are going to happen. But when an autobody shop closes down because they got sued and didn’t have the right coverage, you go to a different one. If a youth shelter for homeless teens gets shut down, those teens can’t walk down the street to different housing.” To fully protect nonprofits, Marsh McLennan Agency works together across departments to illuminate blind spots, synergize strategies and design cost-effective solutions. For example, when a nonprofit reached out due to an unbearable price increase to its employee health and benefits Marsh McLennan Agency Protects Nonprofits As stewards and employers, nonprofits need full-spectrum insurance strategies to succeed. Nonprofits Protect People and Planet
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