Charities Thrive With High Limit Insurance Secrets
Real-World Examples
Consider the case of a large charity that experienced a data breach affecting thousands of donors. Without high limit insurance, the organization would have faced crippling legal fees and potential settlements. However, their comprehensive coverage allowed them to manage the crisis effectively and continue their operations without significant financial setbacks4.
Similarly, a charity that organizes annual fundraising galas found that high limit insurance was crucial when an attendee filed a lawsuit following an injury at the event. The insurance covered the legal costs and settlement, preventing a major financial drain on the charity's resources.