Commonly Purchased Insurance
Source
About This Practical Pointer
There is no set formula for the amount of insurance coverage for a land trust or an actuarial table for appropriate limits of liability and deductibles. Land trusts frequently purchase coverage through multiple types of insurance. These practical pointers describe how the various insurance coverages can fit together to provide comprehensive coverage for your land trust.
© 2020–2022 Land Trust Alliance, Inc. All rights reserved.
Explore related resources
- Free
Commonly Purchased Insurance Compared
This chart lists types of insurance which land trusts frequently purchase and summarizes the coverage or lack of coverage associated with such policies.
Why do I need more than one type of insurance?
Smart land trusts typically purchase multiple types of insurance coverage and will consider how the various insurance coverages fit together when selecting the right coverage package.
Directors and Officers Insurance
Directors and officers (D&O) insurance covers liability for actions of the land trust board and staff and protects the land trust, something that an individual board member's own homeowners insurance will not do even if it has some protection for volunteer service. These practical pointers will help your land trust review coverage options with Directors and Officers insurance.
Insurance 101: Liability, Conserve-A-Nation & Terrafirma
Land trusts in the Alliance's New England region are invited to join Meghan Mullee, first vice president of Alliant Insurance Services for a crash course on the basics of insurance coverage, including policy must-haves and coverage considerations.
Assessing Insurance for Land Trusts
Unpredictable events involve risk which is a measure of the possibility that the future may be surprisingly different from what we expect. To fulfill its public service mission, land trust boards, employees and volunteers must manage risks effectively by countering the threats of loss and leveraging the opportunities for gain. A correctly tailored insurance portfolio is effective way to help manage risk.
Learn Practice Element 6E2: Carrying Appropriate Insurance
Land Trust Standards and Practices, Practice 6E. Risk Management and Insurance, include two elements. This module addresses Practice Element 6E2.
Basic Risk Management: Insurance 101
Insurance is complicated. Reading the fine print to make sure you have the right coverage for your land trust’s risks can be difficult. Join Meghan Mullee, first vice president of Alliant Insurance Services, for a crash course on the basics of insurance coverage.
February 2023 Lunch and Learn: Insurance 101: The Basics for Protecting Your Land Trust
The Land Trust Alliance's New York office is pleased to offer this Lunch & Learn session with Meghan Mullee, of Alliant Insurance Services. During this session you will learn the basics, including policy must-haves and coverage red-flags.
Title Insurance
This is a set of Practical Pointers on title insurance. Use these pointers to help your organization avoid cloudy title and the high legal costs that can come with it.
Risk Balancing Methodology and Risk Matrix Template
Land trusts are constantly balancing risk by assessing these profound changes and balancing the opportunities and risks they present. Using the following seven steps, your land trust can assess fully the impact on the organization of new (and old) challenges and opportunities.