Insurance for Non-Profit Organizations

In this time of giving, non-profit organizations need to remember the importance of protecting their organizations and those involved.  Non-profits have liability exposures just like any other business.   Whether they have a physical location or not, they may still have exposure to General Liability losses such as bodily injury and property damage.

In addition to General Liability coverage, Directors & Officers Liability is another key coverage for non-profit organizations to obtain.  It is important to help protect those who make decisions for the organization. It is strongly advised that the Board purchase a Directors & Officers policy to provide coverage for those involved with the non-profit, in the event that there is a breach of duty on the non-profits behalf.

Directors & Officers Liability coverage generally includes actual or alleged acts or omissions, errors, misstatements, misleading statements, neglect or a breach of duty. If you choose to volunteer on the board of a Non-Profit, we also advise that you personally ask about the liability coverage provided to you as a board member.

All non-profit organizations should have their policies evaluated on an individual basis and tailored toward the non-profit’s risk exposures. Examples of common D&O claims include, but are not limited to: misappropriation or mismanagement of funds, misrepresentation of the organization, and even libel and slander on behalf of the non-profit.