HOW DO I KNOW IF MY NON-PROFIT NEEDS INSURANCE?
The short answer is – yes, it does. If you have NO employees and only volunteer workers, there is STILL a multitude of risks.
WHAT KIND OF INSURANCE DOES MY NON-PROFIT NEED?
We work with each client to identify their individual non-profit insurance needs. Coverage is based on a number of options, including:
- General liability insurance for non profit organizations (sometimes called commercial general liability insurance or CGL). Depending on your needs and the scope of the policy, this can protect your organization against slip-and-trip, professional liability and abuse claims. Also- Various types of coverage for special events. Some elements may be included in your general liability policy.
- You may not need all of these — we’ll help you decide.
- Auto insurance: coverage for vehicles your organization owns, plus, if required, non-owned vehicles such as hired or employee-owned autos used for business.
- Workers Compensation – protect your non-profit and your workers and volunteers, including disability and other accident coverage
- Property insurance for nonprofits. This covers not only any buildings you own but also the equipment and materials you use, even in rented premises.
- Non-profit cyber liability insurance. If you store any personal information on Internet-connected computers, you could be exposed to costly risks.
- Umbrella insurance for non-profits. This is a low-cost way of increasing the coverage limits on standard non-profit insurance policies.
- Directors and Officers Insurance: This protects your board members from risk liability due to any of the following: fiduciary duty breach, employment practices, misuse of funds, conflict of interest, and gov’t enforcement actions.
Give the Experts at Graybeal Group Inc. a call today!