How Nonprofit Insurance Has Changed for the Better

How Nonprofit Insurance Has Changed for the BetterNonprofits have access to insurance that simply did not exist only a few decades ago.

Back in the day, nonprofit organizations were seen as substandard risks to insurance companies and very few insurance companies would take the risk of insuring one such organization. Many claim that it was not because nonprofits were risky; it was just that they were misunderstood because premiums were far higher than needed to be 25 years ago. Insurance was not affordable for most nonprofits, and so not having insurance was the only way to not lose money. Since then, business for insurance for nonprofits has boomed and also become affordable to the many nonprofit organizations that depend on their insurance on protecting them from the dangers of the real world.


There are more markets, which means more competition. Roughly around ten years ago there were only three or four markets that would take the risk to insure a nonprofit organization. Today, that market has more than doubled since then, and prices have become much more stable.

Becoming Picky

When insurance first became available to nonprofits, it didn’t matter who you went with, you just wanted to be insured. The “best of the best” mentality continued, and so competitive prices continued to flood the market. However, nonprofits that are higher risk, like rehabilitation centers, or children’s residential code, have seen increases in their prices.

For more information on brokers and insurance coverage for the risks you’ll be facing, contact the experts at Colorado Nonprofit Insurance Agency in Denver, Colorado. We will work with you to ensure you are getting the most out of your coverage.