Non-profit insurance is akin to any other business protecting its assets with a commercial insurance policy. The main difference in a non-profit insurance policy is how it responds to your unique needs as a non-profit organization. While some work to preserve wildlife, others care for the elderly. What if a sudden fire burned down your headquarters? What would happen to the people, animals or environments your non-profit serves?
What are the benefits of non-profit insurance?
Non-profits often function on a tight budget. This makes getting non-profit insurance important since a large, unexpected expense can be detrimental to the organization. A good non-profit insurance policy will have the right balance of price and coverage.
What types of insurance should a non-profit get?
There are many types of insurance for non-profits. Here are some common types of non-profit insurance. Keep in mind this is a list of the different types. Because every non-profit is different, we can help you determine which coverage best fits your needs.
- General liability insurance protects against injury and property damage to third parties. This can include visitors, customers, suppliers or associates. Employees are often covered separately by worker’s compensation.
- Property insurance protects your assets in the event of a fire, disaster or vandalism. These assets can include the building, fixtures, equipment, machinery, furniture, computers, inventory and supplies.
- Auto insurance covers injuries from an accident involving your staff or volunteers using any car, including their own, for non-profit activities.
- Product liability insurance protects your non-profit in the event of a lawsuit claiming your product is unsafe or defective.
- Directors and officers insurance protects the members of your board of directors and your officers in the event of a lawsuit alleging fraud or financial mismanagement.
- Professional liability insurance protects against claims of mismanagement and workplace incidents like discrimination or sexual harassment.
- Workers’ compensation compensates employees for medical expenses and lost wages after an on-the-job injury.
CLH Areas of Expertise:
- Arts & Culture
- Chambers of Commerce
- Churches & Ministries
- Colleges & Universities
- Crisis Intervention Centers
- Community Centers
- Fire Departments
- Home Schools
- Humanities Organizations
- Youth Organizations & YMCA's
Get started today!
Our staff has been specializing in the Missouri, Kansas and Illinois markets for years and can find the best policies for your non-profit organization. Call us today at 636.391.0700, email us at firstname.lastname@example.org, or click here to get started on a free quote.