Nonprofit Insurance

As a non-profit, even though your focus might not be on making profits, it does not mean that you can’t benefit from a Non-profit Insurance policy that is specifically designed for your organization.  As noted by Risk Management, many non-profits are unaware of the potential risks they face and many lack Directors and Officers Liability Insurance which can protect board members from personal liability if a lawsuit is brought against the organization.  If your non-profit’s funds are drained, it will become difficult to continue operations between funding and donors may even grow hesitant to continue supporting you if you have fallen into legal, or financial trouble.  We know you have a purpose and you can allow us to help you mitigate potential risks so you can focus on your mission. 

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.  Before buying any kind of non-profit insurance, talk to a Lions & Coventry Insurance Services 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.