subject: Insurance For Non-profit Organizations And Institutions [print this page] If you are a founder, director or board member of a non-profit organization, its important your organization carry insurance to protect the future of your organization as well its member-base/contributors and directors and officers.
Non-profit organizations generally require commercial general liability insurance, directors and officers liability insurance, employment practices liability insurance, commercial property insurance (if they own real property), umbrella coverage, special event liability insurance and liquor liability insurance. Most will require all of the above, but some are able to pick and choose which coverages they need.
There is good news for you: Available to you are specialty insurance companies, insurance agents and insurance brokers who cater to non-profits. Additionally, package products are available from insurance companies which provide these organizations with all the coverage they need and include many bells and whistles for additional protection.
Boardwalk Insurance Group is an agency with such a program through its various insurance companies and insurance broker relationships.
Types of non-profit organizations eligible include:
Chambers of Commerce
Foundations / Community Foundations
Trade Associations
Business Associations
Art/Culture Associations
Charitable Associations
Booster Clubs
Religious institutions
Churches, Mosques, Synagogues, Temples, etc.
Sunday schools
Educational facilities
A typical Non Profit organization insurance policy package policy includes:
Only a $500 Minimum Premium for General Liability and Property combined
No General Liability Deductible
General Liability coverage included for volunteers
Hired & Non-Owned Auto coverage available in most states
Property is on Special form with Replacement Cost coverage
$5,000 of Business Personal Property coverage included
Equipment Breakdown coverage available
Options for adding: Employee Dishonesty, Money & Securities and many others
Separate Limits of Liability for Directors & Officers and Employment Practices Liability Claims
Unlimited Defense Costs outside the limit
Outside Directorship Liability coverage
Coverage for both Monetary and Non-Monetary Claims
Full Prior Acts coverage
Lifetime Occurrence Reporting Provision for former Directors and Officers
Free Human Resources Hotline with unlimited number of call and no time limits
No Intentional Acts Exclusion on Employment Practices Liability coverage
Automatically includes 3rd party discrimination and harassment
Policy can include three events with up to 100 attendees within the policy premium
Ability to include Liquor Liability in most states for events
Ability to consider events with up to 5,000 attendees
So if you are involved in a non-profit organization and you would like to see them carry adequate insurance coverage while saving them money, you should contact a representative at Boardwalk Insurance Group. This independent insurance agency will take time to understand what your organization does and will custom-tailor an insurance policy which meets your needs, while exceeding your expectations. The application process is simple and quotes can be obtained with 48 hours in most cases.
About BoardWalkInsurance: You can go to our website and fill out our online application and just let the quotes come to you. Learn more about BoardWalkInsurance at https://www.boardwalkinsurance.com/
by: Mathew Hussey
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