Topic
Practice 6E: Risk Management and Insurance
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Practice 6E includes two elements:
Routinely assess and manage risks so that they do not jeopardize the land trust’s financial health and its ability to carry out its mission and legal responsibilities
⬤ Carry general liability (■), directors and officers liability, property and other insurance, all as appropriate to the land trust’s risk exposure or as required by law
⬤ Accreditation indicator element | ■ Terrafirma enrollment prerequisite | ▲ Required for both
Standard 06: Financial Oversight
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How to implement this practice
Item 1 of 3
Required for Accreditation
The Land Trust Accreditation Commission evaluates compliance with Practice Element 6E2.
Required for Terrafirma
Carrying general liability insurance is a Terrafirma eligibility requirement.