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How To Choose the Right Nonprofit Insurance Coverage

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No one can predict the future, and if you’re caught unprepared in the event of a disaster or accident, there could be devastating consequences. Nonprofit insurance protects you from unforeseen risks and assures you’ll receive financial assistance if something goes wrong, helping you recover faster. 

Every nonprofit organization will have different insurance needs. When choosing the right nonprofit insurance coverage for your organization, there are a few things you should consider: 

The number one priority for a nonprofit seeking insurance coverage is to find an experienced and trustworthy insurance agent who understands and specializes in serving nonprofit organizations. Nonprofits are different from commercial businesses and public agencies, and it’s best to find an insurance professional who has the knowledge and resources to help nonprofit leaders choose the right coverage.

What Types of Insurance Should You Consider?

Nonprofit organizations should at the very least carry general liability insurance, which covers bodily injury, personal injury, and property damage. Property insurance is essential if you rent, lease, or own a physical office location or storefront. Some states require auto insurance if your staff or volunteers use a vehicle for nonprofit activities. You may consider other types of insurance like product liability, directors and officers liability, and workers’ compensation. 

Have your insurance agent explain your deductible and what types of losses or property damage will not be covered under each policy. Your organization may be able to purchase a business owner’s package policy, which is usually more economical than purchasing separate policies. 

Personalized Nonprofit Insurance Solutions

CTG Insurance understands nonprofits better than anyone. We know that you’re focused on serving your community and making a positive impact. A key component to protecting your mission includes the right insurance coverage. Every nonprofit deserves access to personalized insurance solutions, so we provide budget-conscious coverage specific to organizations like yours. To find the right insurance policy for you, speak to one of our experienced advisors.

Have questions? We’re here to help.

Send me an email to steven@ctgins.com or call/text our office at (810) 695-0096.

www.CTGIns.com

 

 

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