Insurance Coverage for Non-Profits

While the business industry is full of merchants offering services to all walks of life, there is a sector that focuses solely on improving the lives of the citizens around them. In non-profit ventures, daily operations present community first solutions. The work these companies offer does come with risks and liabilities for-profit businesses don’t experience, therefore they need unique insurance coverage.

With a non-profit agency or business, funding can sometimes be problematic. These companies are very careful to make sure every dollar counts in promoting the organizational mission. An insurance policy should offer exceptional coverage, but also assist the agency with minimizing exposures through a risk management plan. Agencies who could benefit from a tailed coverage plan include:

  • Community Action Organizations
  • Services for Developmentally Disabled
  • Temporary & Emergency Shelter
  • Clubs & Camps
  • Substance Abuse & Addiction Treatment
  • Day Care (Child & Adult)
  • Food Banks
  • Outpatient Clinics
  • Residential Care for Kids
  • Foster Care and Adoption
  • Schools
  • Religious Institutions

Even though non-profits focus on offering community first solutions to local or national humanitarian problems, they are still susceptible to property liability, cyber threats, employee injury and management liability. When you consult with an insurance agency, be sure the services are comparable to other general business policies but also offer tailored coverage for non-profit operations.