15 BRAND STORY package, the team answered with a holistic solution. “We came in, did an evaluation and ended up saving them 20% on their employee health and benefits package,” Colmenero recalls. “But while in conversation, they mentioned other issues, such as their property insurance being denied due to being in a high-risk fire zone. That’s where we brought in Dominique [from the insurance team].” Marsh McLennan Agency understands that nonprofits live in a high-stakes, lowbudget, big-vision world and need specialists who understand both nonprofit constraints and carrier appetites. The liability insurance team works with nonprofits to help them gain competitive coverage. “Often, organizations don’t realize what they can do to make themselves more appealing to carriers,” Easterling points out. “For nonprofits that work with kids, for example, it sometimes just comes down to providing a specific employee training, or installing additional cameras.” In this case, it meant trimming brush to 10 feet from the property line and installing sprinklers tied to the central alarm system. Not only did the client end up getting their buildings insured, but Marsh McLennan Agency also helped them implement cybersecurity coverage and volunteer accident coverage, all within budget, leaving the nonprofit physically and financially protected. Proper benefits and liability insurance extend beyond risk management, impacting professionalization and credibility. It displays competence to the board, donors and employees. As federal policies change and nonprofits compete for dwindling funding, reputation becomes increasingly more critical, as does cost savings. Before designing a holistic service package, Marsh McLennan Agency begins with a consultative deep dive into the company, in search of inevitable gaps and redundancies. An organization, might for example, have solid auto and property coverage but overlook employment practice liability insurance (EPLI), directors and officers (D&O) insurance or cyber insurance. Or, they might have one area double insured. “Many entities don’t realize that there’s also third party EPLI which covers them if a member of the public accuses an employee of discrimination,” Easterling elaborates. “Then there’s the importance of a robust D&O program. Without it, somebody can name you personally in a lawsuit. This affects your home, your kid’s college fund…” “During the consultative process, we look at everything.” Colmenero continues. That includes digital solutions, cybersecurity and data showing common practices among their peers. “Nonprofits tend to be smaller and leaner, but we provide guidance to nonprofits of any size.” As one of the largest insurance brokerages in the nation, Marsh McLennan Agency draws on an expansive portfolio of specialized carriers, pinpointing optimal pairings and working to get competitive rates. By collaborating across departments, its team prepares nonprofits and their people for every opportunity and risk scenario. “We’re never going to hit the easy button,” Colmenero concludes. “We want to empower them, remove the veil and show them how the market works. That way they can hold us accountable and make informed decisions.”n Special opportunity for current & prospective Nonprofit Association of Oregon (NAO) members: Reach out for a complementary insurance review & evaluation by Marsh McLennan Agency experts. To fully protect nonprofits, Marsh McLennan Agency works together across departments to illuminate blind spots, synergize strategies and design cost-effective solutions.
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