Whether you run a church or a charity, nonprofit insurance can help you survive unexpected losses. Find coverage that fits your organization's unique risks, and fulfills laws and requirements.
This policy covers common third-party risks, such as a visitor slipping on a wet floor. Bundle it with commercial property coverage for increased savings in a business owner's policy (BOP).
A BOP bundles commercial property insurance and general liability coverage in one plan. It's often one of the most cost-effective types of business insurance for nonprofits.
Professional liability insurance for nonprofits is also called errors and omissions insurance (E&O). It covers legal expenses when an oversight or mistake leads to a lawsuit.
D&O insurance for nonprofits protects directors, officers, and board members against legal expenses if they are sued for a decision they made on behalf of the company that led to financial loss.
Most states require this type of coverage for nonprofits with employees. Workers' comp also protects sole proprietors from work injury costs that health insurance might deny.
If an employee sues a nonprofit over harassment, discrimination, or another violation of rights, employment practices liability insurance (EPLI) can help cover legal costs.
Our application will ask for your annual revenue and payroll, among other details. You can buy a policy online and get access to a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. insurance companies to find the right insurance plan for your nonprofit, whether you run a community center with several employees and volunteers or a small counseling center.
D&O insurance pays for lawsuits related to decisions made by your board of directors, as well as officers elected or appointed by the board.
Your directors and officers take on responsibilities and risks on behalf of your company. If someone sues them for a decision they made that caused a financial loss or other grievance, your directors and officers liability policy can safeguard them.
D&O protects board members from lawsuits related to:
A management liability insurance bundle is a great way for nonprofits to get complete coverage as it can include D&O, employment practices liability insurance, commercial crime insurance, and fiduciary insurance. All of these policies can be beneficial to your 501(c)(3) organization.
You can speak with a licensed insurance agent to make sure your nonprofit is getting the right coverage to meet your insurance needs.
There are several types of insurance policies nonprofit organizations should consider for their risk management plan. Additional coverages to consider are:
Commercial auto insurance covers your legal bills, medical expenses, and property damage if your nonprofit-owned vehicle is involved in an accident. It also pays for damage to your vehicle from weather or vandalism, along with car theft.
Business income insurance, also known as business interruption coverage, offsets your lost net income when your business is forced to close because of a fire or other covered peril. These funds help cover your day-to-day expenses until you can resume business operations.
Commercial crime insurance, also referred to as fidelity insurance, financially protects your business from criminal acts committed by employees against customers or clients.
Fiduciary liability insurance is a specialized type of management liability insurance that protects employee benefit plan fiduciaries against claims they mismanaged plans or assets.
Umbrella insurance covers legal expenses when the limit is reached on another liability policy, such as general liability or commercial auto insurance.
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