What Types Of Insurance Should A Nonprofit Get?
Just like businesses protect their assets with insurance, nonprofits should do the same. Non-profit organizations are all unique in their operations. 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 nonprofit serves? There are many types of insurance for nonprofits. Because every nonprofit 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 Workers Compensation 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.
Covers injuries from an accident involving your staff or volunteers using any car, including their own, for nonprofit activities.
Product Liability Insurance
Protects your nonprofit in the event of a lawsuit claiming your product is unsafe or defective.
Directors & 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 Insurance
Compensates employees for medical expenses and lost wages after an on-the-job injury.