Insurance to protect your organization

General Liability

Sometimes called commercial general liability, this type of insurance plays a vital role in protecting your organization’s finances if a person becomes injured on your property, or if property damage or injury occurs as the result of your organization’s operations – for instance, if a person becomes injured during one of your events. General liability pays for costs associated with repairing or replacing damaged property and medical costs related to bodily injury claims, as well as legal defense costs your organization may incur when responding to a claim, regardless of whether or not your organization was negligent. It also pays for settlement costs when your organization is successfully sued.

Property Liability

Property liability insurance protects your organization against loss when property becomes damaged or destroyed. Policies cover real estate such as buildings as well as office equipment, electronics, signage or furnishings. One of the most popular types of property liability insurance is all-risk insurance, which covers damage to all items that have not been excluded by the policy. Additional options provide coverage for theft and employee dishonesty, and you may also choose between replacement cost and actual cost options. Choosing the best property liability coverage for your organization depends on a lot of factors. We can help you select the best coverage or your needs.

Directors and Officers (D&O) Liability Insurance

Provides coverage for “intentional” actions taken by an organization’s board of directors or managers that someone else thinks are wrong. In an employment-related case, the board affirmatively adopts personnel poli­cies which are intentionally carried out by management. These are intentional, willful actions that may result in some type of damage other than bodily injury. Example: An employee is terminated and alleges age dis­crimination.

However, it is important to understand that, even though D&O coverage generally provides defense against allegations of illegal acts, such as harassment and discrimination, it is not possible to purchase insurance for illegal acts. This means that if an organization and/or individual is found guilty of intentional discrimination or harassment, the insurer that defended the lawsuit will not be able to pay any damages awarded by the court and will likely seek reimbursement for the cost of the defense.

Legal claims made against your organization can have a substantial impact on your nonprofit’s financial health and even its ability to provide services. Let us help you find the best coverage to suit your needs and your budget. Call us today at (866) 537-1142 or fill out our online contact form to learn more.