Non-Profit Insurance Tips You Can’t Afford to Miss

Ensure that your nonprofit doesn’t miss these essential tips.

No matter what cause nonprofit is geared up to help, having the right type of insurance coverage is essential to the sustainability of your organization. When it comes to your nonprofit, you are in need of insurance coverage that is tailored specifically to your needs. There are some important factors that are often overlooked when it comes to insurance for non-profits.

Nonprofits are still exposed to risk.

Even though these organizations are focused on community involvement and are set out to help a cause, they still hold the same amount of risk as any other business. To counteract this risk, you can implement safety procedures, handbooks to team members, and secure insurance.

Consider getting D&O insurance.

Directors and officer’s liability insurance is designed to protect those working for the organization. This coverage also includes board members who risk being personally liable for certain accidents that are not covered under standard general liability protection.

If your business is on the move, get auto insurance.

If your business has a vehicle to move stock, deliver product, or transport team members, then auto insurance is a must. You must consider the employees and volunteers that will be driving this company-owned vehicle, too.

There is special insurance to cover fundraisers and events.

Many non-profit organizations benefit from fundraisers and events in their local area. What they would also benefit from is special event insurance! This is quality protection that covers an organization from potential conflicts with fundraisers and additional events that your nonprofit host.

Find an experienced agent.

When it comes to finding non-profit insurance, you can’t just go with any insurer. The company must specialize in nonprofit insurance.

f you are ready to get your nonprofit covered, then contact the experts at Colorado Nonprofit Insurance Agency, part of HUB International in Denver, Colorado at 303-894-0298.  We are ready to get you covered today!