Media Releases 2012
April 18, 2012
IBC offers tips for National Volunteer Week
TORONTO – April 18, 2012 – As Canadians mark National Volunteer Week, IBC wants to remind volunteers and their organizations to check and ensure they are protected by the right insurance.
“IBC recognizes the important work that non-profit, volunteer and charitable organizations perform in communities across Canada,” says Ralph Palumbo, Vice President, Ontario with IBC. “The right insurance coverage ensures volunteers and organizations can do their work without worrying.”
According to Statistics Canada, nearly 45% of Canadians volunteer their time through a group or organization. Depending on how, when and where volunteers do their work for these organizations determines the specific type and amount of insurance protection that is needed.
IBC recommends organizations assess which situations might lead to an insurance claim. Many types of coverage are available depending on what services your organization provides. The most common types of coverage are: Commercial general liability insurance (CGL), Directors’ and officers’ insurance (D&O), Errors and omissions insurance (E&O) and Commercial auto insurance.
For more detailed information on each type of coverage click here:
Here are some tips to help minimize your organization’s risk:
Develop a policy for screening (click here for a sample)
For a more detailed list of tips on risk management click here: http://www.ibc.ca/en/Business_Insurance/Risk_Management/
About Insurance Bureau of Canada
To view media releases and information, visit the media section of IBC’s website at www.ibc.ca.
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