Non-Profit FAQs

What insurance coverages do I need for my non-profit company?

Non-Profit coverages including but not limited to the following:

  • General Liability
  • Property & Equipment
  • Crime & Employee Dishonesty
  • Directors and Officers
  • Commercial Auto
  • Improper Sexual Misconduct
  • Professional Liability
  • Bonds
  • AD&D (Accident Medical)
  • Fiduciary

If I don’t have the proper coverage, what could happen?

You can learn from the mistakes of other non-profits who didn’t have:

  • General Liability
  • Directors and Officers
  • AD&D (Accident Medical)
  • Fiduciary

What is Commercial General Liability Insurance?

Commercial General Liability, is usually the first type of insurance a nonprofit will purchase because it provides coverage for a wide range of acts that result in bodily injury or personal injury, advertising injury or property damage to a third party. The most common occurrence under this sort of policy is what people refer to as “slip and fall” cases or “negligence” cases that result in injury

What insurance covers embezzlement or theft?

The coverage is usually called “Crime” or “Commercial Crime” “Employee Dishonesty Coverage” or “a Fidelity Bond.” This coverage coverage can be purchased as part of a package or on a standalone policy.

Our volunteers are not covered under our workers compensation policy. How do we cover them?

You can purchase “volunteer accident insurance” which provides coverage for injuries to volunteers. This coverage can be purchased on a primary or excess basis. With primary coverage, the policy pays first, with excess coverage, the volunteers’ personal policies pay first and the nonprofits pays “excess” amounts.

What is Directors & Officers or D&O coverage? And why do I need it?

Directors and officers liability coverage covers damages resulting from the wrongful acts of the directors and officers of your nonprofit. Directors and officers liability coverage covers types of acts that are not covered on other policies. If a director or officer is not covered on a D&O policy, they could be held personally liable for wrongful acts. Damages recoverable for Directors and Officers often exceed the net worth of many individuals.