Mission-Driven Risk Management: A Holistic Approach + Understanding D&O Insurance

Mission-Driven Risk Management: A Holistic Approach + Understanding D&O Insurance

Wednesday, July 12 | 1:30 PM – 3:00 PM | Webinar

Presented by: Melanie Lockwood Herman, Executive Director, Nonprofit Risk Management Center (NRMC) | Jeffrey R. Lerman, Esq., & Don Kramer, Esq., Montgomery McCracken

Moderated by: Tish Mogan, Standards for Excellence Consultant, PANO

Offered in Partnership with: Nonprofit Issues

*CPE & CLE credits are available for this program for accountants and lawyers; to receive credit you must register through Nonprofit Issues.

Have you been wondering (or worrying!) if you’re doing enough about the risks facing your nonprofit?

Do you understand your D&O insurance policy? Fear not; this webinar will help with both of these questions!

If your Board is asking about risk, readiness, and resilience in the face of disruptive events, you’re not alone! For decades most nonprofits have parsed their approach to risk management: the finance team manages finance risks, the development team manages fundraising risks, and so forth. During this webinar, Melanie Lockwood Herman, Executive Director of the Nonprofit Risk Management Center, will introduce and explore a broadly-based conception of risk management called Enterprise Risk Management (ERM). ERM is a holistic approach to risk management that guides leaders to achieving a bird’s eye view of risk. Although ERM has become a familiar discipline in the world of large, for-profit entities, it’s still gaining traction in the nonprofit sector. The good news is that you can embrace ERM without buying anything; Melanie will explain how to think about and act on the top risks you face in a way that truly suits your mission, goals, culture, and circumstances.

Turning from the broad conceptual overview of risk management, this webinar will look at some key specifics of directors and officers (D&O) insurance policies. Lots of nonprofits have purchased D&O coverage, but will the policy you have in place defend you during your hour of need?

Jeffrey R. Lerman, a partner at Montgomery, McCracken in Philadelphia whose practice is centered on insurance coverage matters, will highlight key aspects of a typical nonprofit D&O policy:

• What should you look for?
• Who should be covered?
• What is covered and what is not covered?
• What is the “insured v. insured” exception?
• When should you give notice of a potential claim to the carrier?
• Do you let the carrier appoint counsel for you? What happens if you want to switch carriers?
• How can you negotiate for better terms?

Come with a copy of your own policy to see if it measures up!

Nonprofit Issues® editor Don Kramer, recognized as one of the Best Lawyers in America in nonprofit and charity law, will lead the discussion. Tish Mogan, Standards for Excellence Consultant for the Pennsylvania Association of Nonprofit Organizations, will facilitate.

*CPE & CLE credits are available for this program for accountants and lawyers; to receive credit you must register through Nonprofit Issues.

Single Login Cost:
$45 per person for PANO Members | $100 per person for Not-Yet Members

Terms of Participation
Your purchase entitles you to a single login. Please do not share the login information with others, as it may interfere with your ability to join. If multiple individuals from your organization would like to view the webinar, please purchase separate tickets for each person or consider a group screening ticket (below).

Group Screening Cost (4-10 individuals):
$150 per group for PANO Members | $333 per group for Not-Yet Members

Terms of Participation
If you have 4-10 individuals interested in viewing the webinar, please have one person register selecting the group ticket. You can then enter the names and email addresses of up to 10 individuals to add to your group ticket.

This option makes the most sense when you have 4-10 individuals interested in viewing the webinar. For fewer than 4 attendees, a single login ticket for each person is the most cost-effective option. For more than 10 attendees, please email Christina at christina@pano.org to discuss options.

Materials & Login/Call-In Instructions:
Materials (PowerPoint and other handouts), along with instructions on how to login and call-in, will be emailed to attendees a few days prior to the date of the webinar. PANO uses Zoom as our webinar platform; you can familiarize yourself with Zoom and/or join a test meeting prior to these sessions.

Can’t attend? All webinar registrants will receive a recording of the webinar following the live session!

About the Facilitators

Melanie Lockwood Herman, Nonprofit Risk Management Center

In a world of never-ending uncertainty for mission-driven organizations, it is comforting to know that an eternal optimist and determined risk-taker, Melanie Lockwood Herman, is leading the Nonprofit Risk Management Center.

A prolific author of more than a dozen comprehensive (and comprehensible!) books and resource guides on various risk management topics, Melanie has delivered countless workshops and keynote presentations for organizations simply unwilling to leave success to chance. She earned a Bachelor of Arts Degree in Urban Affairs from American University (Washington, DC) and a Juris Doctor from George Mason University (Arlington, VA). She is a member of the District of Columbia Bar Association.

In August 2022, Melanie was named to The NonProfit Times Power & Influence Top 50.

In addition to her professional career, Melanie is an active volunteer in both professional organizations and community-serving nonprofits. She currently serves on the boards of two national organizations: the American Foundation for the Blind, and the National Human Services Assembly. Melanie is the former chair of the Legal Section Council of ASAE/The Center for Association Leadership, and during 2010-2013 she served on the Not-for-Profit Advisory Committee (NAC) of the Financial Accounting Standards Board. Learn more about Melanie here.

Jeffrey R. Lerman, Esq., Montgomery McCracken

Jeffrey R. Lerman focuses his practice on business litigation, with a particular emphasis on insurance coverage, commercial contract matters, and the defense of a wide range of professionals, including lawyers, accountants, teachers, psychiatrists, psychologists and other medical providers, governmental employees, and officials.

Jeff’s career has spanned more than 40 years. For nearly 30 of those 40 years, Jeff chaired Montgomery McCracken’s insurance practice. In this capacity he has been lead trial counsel and supervising attorney in hundreds of cases.

In addition to private practice, Jeff was an Assistant District Attorney in the City of Philadelphia for approximately one and a half years.

Jeff received his J.D. degree from Columbia University Law School in New York in 1972. As editor of the Columbia Law Review, Lerman’s law school career also included recognition as a James Kent Scholar (the highest honor for grades earned) and receipt of the Robert Nixon Toppen Prize (best exam in a Constitutional law course). He earned his B.A. degree, with distinction, from Pennsylvania State University in 1967. Learn more about Jeff here.

Donald W. Kramer, Esq., Nonprofit Issues & Montgomery McCracken

Donald W. Kramer serves as chair of Montgomery McCracken’s Nonprofit practice group. Don has more than 45 years of experience dealing with the concerns of nonprofit organizations, not only as a lawyer, but also as a teacher, writer, publisher, and board member.

He has worked with nonprofits of all types and sizes, helping structure startup situations and restructure multiorganizational health and educational systems. He counsels on a wide range of nonprofit corporate structure and governance, private and community foundations, continuing care retirement communities, exempt organization taxation, low-income housing tax credit transactions, real estate, charitable giving, and other nonprofit issues.

Don serves as the editor and publisher of Don Kramer’s Nonprofit Issues®, a national newsletter of “Nonprofit Law You Need to Know,” which he founded in 1989.

Prior to joining Montgomery McCracken in 1972, Don served as deputy development coordinator and assistant to the mayor of Philadelphia. Learn more about Don here.