Non Profit Insurance – Specialty Programs Available
Your nonprofit organization makes a difference. Nonprofit insurance from Landmark protects your organization, property and people to let you focus on your mission. We know first-hand – our senior staff has managed municipal risk pools and programs.
All business entities require some form of insurance related to their specialized industry, and non-profit businesses are not different. Just because your company isn’t focused on making profits does not mean it doesn’t require business insurance. In fact, non-profit companies can face unique risks. As noted by Risk Management Magazine, many nonprofits lack Directors and Officers Liability Insurance, which helps protect board members from personal liability if a lawsuit is brought against the non-profit.
Board members aren’t the only ones at risk. If your non-profit’s funds are drained, it can be hard to continue your normal operations until you can acquire more funding. Donors may be hesitant to continue supporting any non-profit that’s fallen into legal or financial trouble.
Landmark knows that Public entities like municipal governments, special districts and educational institutions are the backbone of state and local infrastructure.
They exist to serve our communities, making them safer, creating order and providing opportunities to learn and grow. The expansive role public entities play puts them at unique risk for exposure.
Landmark offers a robust workers’ compensation solution for public entity clients, with coverage spanning primary exposures, as well as excess and reinsurance placements.
Non Profit Insurance Features
Common choices for non-profit insurance coverage include:
- Property Insurance: Whether a non-profit owns or leases the property it uses, the property itself often plays a vital role in the non-profit’s operation. Damaged or destroyed property could prove catastrophic for a non-profit’s operations.
- Fidelity Insurance: Unfortunately, some employees take advantage of their position and embezzle funds. This part of non-profit insurance provides coverage in the event of such losses.
- Commercial Auto Insurance: For non-profits that rely on vehicles to transport goods or employees, ask about commercial auto insurance coverage, freight, and/or cargo insurance for businesses that transport high volumes of goods.
- Accident Insurance: Many non-profits work closely helping people in their communities. Unfortunately, both employees and customers can be vulnerable to falls and other injuries. It’s important to have coverage in the event that they’re hurt.
This list is not exhaustive. Just like for-profit businesses, non-profits can engage in many different types of work. There is no single policy that’s capable of covering every area of concern. Before buying any kind of non-profit insurance, talk to a 360 Risk Partners agent about what your organization does, where it operates, and what sort of risks you might be exposed to. We’ll work with you to find the best possible plan for your needs and your budget.
Requirements for Non Profits
Before you’re offered coverage, you may be asked to provide some of your records. This may include a list of any legal claims your organization has faced in the past and any hazardous behaviors the company engages in (no matter how charitable those behaviors are).
This helps with our risk-assessment process and ensures that the policies we offer are enough to protect your organization in the event that one or more of them is needed.
