April 23, 2007 | Read Time: 1 minute
The federal government should offer liability insurance to nonprofit organizations that provide crucial services for children, Kelly Kleiman, a nonprofit consultant, writes on The Nonprofiteer.
The government serves as the insurer of last resort for floods, student loans, and mortgages. But it provides no such protection to charities such as Catholic Charities in Chicago.
The organization recently abandoned a foster care program for 90 children in Chicago because it could not longer secure liability insurance for the program. Catholic Charities lost its insurance after it was forced to file a claim as part of an abuse case.
“Catholic Charities supplemented public funds to the tune of $1.7- million a year,” Ms. Kleiman writes. “ If an established agency of this magnitude can be taken down by an underwriter’s ruling, it’s time for intervention.”
Should the government step in to provide liability insurance for organizations that help children in need? Click on the comments link just below this posting to share your thoughts.
