There are many reasons why a nonprofit organization needs insurance to protect their assets and reputation. Every day, nonprofits face common risks like a fire, a lawsuit, or one of your volunteers is injured. That is why it is so important to have the right coverage and enough of it to ensure your long-term success and viability.
No matter how large or small your nonprofit, protect yourself, your employees, and the community you serve with an insurance solution you understand and that doesn’t break your budget.
Directors and Officers
Directors and officers insurance, or D&O insurance, is an important type of insurance that nonprofit organizations need in order to protect their directors and officers from liability in the event of legal claims or disputes. This type of insurance can help ensure that nonprofit leaders are able to focus on running the organization instead of spending time and energy worrying about potential legal liabilities.
Professional liability insurance, also known as errors and omissions insurance, protects nonprofit organizations from claims of professional negligence. This type of insurance can help cover the cost of legal defense and any damages that may be awarded in a lawsuit. Professional liability insurance is an important part of any nonprofit organization's risk management strategy.
Commercial property insurance is a type of insurance that provides protection for nonprofit organizations against losses resulting from damage to their properties. This can include things like fires, natural disasters, vandalism, and other unforeseen events.
General liability protects your organization from third-party claims of injury or damage, like slip-and-falls or property damage. It can also help cover the cost of legal defense and any settlement or judgment that results from a lawsuit. General liability insurance is one of the most important types of coverage for a nonprofit organization.
If you employ workers in your nonprofit, then you are required by law to have workers compensation insurance. This type of insurance provides coverage for your employees if they are injured or become ill because of their job.
Commercial auto insurance is an essential part of running any organization. It provides coverage for your vehicles and other assets in the event that they are damaged or lost due to an accident, theft, or other unforeseen circumstances. Having this type of insurance allows you to protect yourself from costly repairs, replacement costs, and liability claims if you are at fault.