By Michael Cohn – thenonprofittimes.com
The novel coronavirus pandemic now spreading across the globe is forcing organizations worldwide to cancel events and conferences, ranging from the NCAA pulling the plug on its March Madness basketball tournament to charities and houses of worship curtailing fundraising dinners and benefits. With important revenue sources suddenly turned off for both nonprofits and for-profit companies alike, and for an unknown length of time, can they count on their insurance carriers to cover their losses and provide some much-needed cash flow?
It largely depends on the insurance policy they have arranged.
