Here at InsuranceHub, we supply affordable:
- Fund Raising Consultant Insurance
- Historical Society Insurance
- Botanical Garden/Horticultural Society Insurance
You have worked hard and spent many years building up your non-profit. You are rightly concerned about protecting yourself from liability. Unfortunately, nonprofits have been sued more and more in the last few years. In fact, 2/3 of nonprofits don't carry Directors and Officers Insurance and almost 1/2 of nonprofits don't realize that their personal assets could be at stake. Thankfully, here at InsuranceHub, we understand the different lawsuits that nonprofits get slapped with:
- Tort liability
- Wrongful employment practices
- Personal injury
- Membership discrimination
- Breach of fiduciary duty
- Liability of the parent organization
- Volunteers’ Personal Liability
- Social media liability
- Any acts, errors, or omissions by or on behalf of the directors & officers
Here are some of the liability exposures that nonprofits face:
Property exposures: Your biggest property exposure concerns are fire, smoke and water damage, vandalism, burglaries and robbery. Install security systems, video cameras, monitored smoke detectors and have fire extinguishers on hand.
Crime exposures: If you have cash on hand, then you have to worry about two kinds of crime. The biggest concerns are break-ins/robbery and employee theft. Install security systems and hold classes on what to do in case of a robbery. Take the time to do background checks on employees before hiring them.
Inland marine exposure: Keep backups of records and all data to be stored at a separate location.
Premises liability exposure: If you have customers, clients and employees at your location, then you have to protect yourself from slips and falls. Instruct employees to clean up spills immediately. Label all wet floors accordingly. Ensure that sidewalks and parking lots are clear of ice, snow and debris. Make sure that you have plenty of parking lot lighting for nigh time. It is prudent to invest in a CCTV system to see if people falls are genuine or fraudulent.
Directors and officers exposure: Remember to protect your directors, officers and volunteers.
Automobile exposures: Do you have employees that drive company vehicles? Be sure to do DMV checks before hiring and giving the keys to someone. Have a checklist of what is expected of all employees to drive safely.
Workers compensation exposures: Please take the time to teach your employees and volunteers the correct and safe way to perform their duties. Teach them to protect themselves from back problems and carpal tunnel syndrome.
Here is the minimum recommended fund raising, historical society, botanical garden/horticultural society insurance coverage:
- Business Personal Property
- Extra Expense
- Equipment Breakdown
- Financial Institutions Bond if you are a non profit credit union
- Employee Dishonesty
- Accounts Receivable
- Directors' and Officers' Liability,
- Valuable Papers and Records
- General Liability
- Employee Benefits Liability
- Commercial Umbrella Liability
- Hired and Nonownership Auto Liability
- Workers Compensation