Insurance Protection for Non-Profit Organizations

Insurance Protection for Non-Profit Organizations

Managers of non-profit companies know how challenging it can be to maintain funding and encourage interest in their goals. On top of that, managers must ensure their organization and volunteers are protected from injury and liability.

What Is the Best Insurance Coverage for Non-Profits?

There are a number of items to consider when selecting insurance for non-profit organizations. Needs vary so make sure you discuss your unique situation with your insurance agent. Listed below are common types of coverage.

  • General Liability¬†– This policy covers claims made by third parties for injuries or property damage.
  • Professional Liability – If you employ paid or volunteer personnel on your board of directors, this insurance protects them from claims of negligence or mistakes.
  • Property Insurance – In the event of a theft or fire, your building and equipment will be covered.
  • Employment Practices Liability – This plan protects your organization against claims of harassment or discrimination filed by volunteers and paid employees.
  • Workers’ Compensation – When an employee gets injured on the job, this insurance helps to cover medical expenses and partial lost wages. Each state has different requirements and volunteers may not be covered by the typical workers’ compensation plan, so make sure you discuss your concerns with your insurance agent.

Protect your non-profit and your workers with a comprehensive insurance plan.