RPM 4: Insurance Protection
The organization is adequately insured.
The organization annually assesses insurance needs, and obtains coverage that is commensurate with the scope and complexity of its services
Interpretation: Relevant types of insurance can include:
- general liability;
- workers’ compensation;
- fire and theft;
- professional liability;
- officer’s or director’s liability;
- automobile liability;
- property and casualty;
- malpractice; and
- bonding or other forms of employee theft insurance, as appropriate, for all staff and governing body members who sign checks, handle cash or contributions, or manage funds.
Governing body members and personnel
receive a written description of the organization's insurance coverage.
The network identifies and specifies the level and type of insurance required by its providers, and annually verifies that provider coverage is current.
NA The organization is not a network management entity.