The Insurance Your Nonprofit Needs

Insuring a Nonprofit Denver CODo You Have The Coverage You Need?

Nonprofits are different, so it makes sense that the standard commercial insurance coverage would need to be tailored in order to best protect them. So you can have an idea of the type of policies your nonprofit needs to protect its work and avoid an unexpected expense, here is a guide to the basics of nonprofit insurance coverage.

  • Property Insurance: It does not matter if you rent or own your business location; you need to protect it and the equipment, inventory, technology, and furniture you store in it. Talk to your agent to ensure your property coverage protects you against your area’s specific risks.
  • General Liability Insurance: What if someone gets injured while at your business location? To protect you against the medical expenses, court fees, and even settlements your nonprofit could face, general liability insurance is here.
  • Auto Insurance: If you use vehicles for your nonprofit’s work—even just to drive people to events now and then—you should consider commercial auto insurance coverage. If you get into an accident while using your personal vehicle for work, your personal auto insurer could deny coverage because your car was being used for business purposes.
  • Directors & Officers Insurance: Protect your board against the possibility of them facing major expense after getting named in a lawsuit due to an error, omission, or negligence with this type of policy.
  • Workers’ Compensation: In order to protect your staff, you need workers’ comp. It will pay medical expenses and lost wages if your team member gets injured on the job.

Your nonprofit deserves to have an expert come alongside it to help customize its coverage for the best protection at the best price. To get that level of service, contact Colorado Nonprofit Insurance Agency. Insuring a nonprofit is our specialty, and we have dedicated ourselves to helping Denver nonprofits put the right safeguards in place. For all of your Colorado coverage needs, call us today.