Amazingly Easy Insurance Principles for Nonprofits

Don’t miss out on these insurance 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.

Start early

It’s a good idea to prepare for the coverage you know you need. Read up about insurance as a nonprofit and understand what is required of you. The earlier you have coverages in place, the easier it is for insurance to be part of your annual budget.

Budget appropriately

New nonprofit often don’t budget sufficiently for the coverage they need. Make sure to go through the quoting process while planning initial budgets so you and your team have realistic expectations. Remember that the more risks you deal with, the more insurance you’ll need, and the higher the premiums will be.

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.

Instill a culture of care

Nonprofits that place an emphasis on risk management also tend to grow and perform at a higher level over time. By instilling a culture of care, you are taking care of potential risks of claims as well as tending to the safety and security of your volunteers, employees, and donors.

Part of helping your organization to move forward is to keep it protected! Contact the experts at Colorado Nonprofit Insurance Agency, part of HUB International in Denver, Colorado at 303-894-0298. Make sure that your nonprofit is properly covered. We will work with you to ensure you are getting the most out of your coverage.