A Brief Overview Of Different Types Of Non Profit Insurance Coverage

Given the tight budget that is at the disposal of many nonprofit organizations and agencies, any unexpected expense amounting to a large sum could spell trouble for their meagre financial resources. Any nonprofit organization would prefer not to face heavy expenditure and this makes them choose a right Non Profit Insurance Coverage that understands their concerns and meets their needs and requirements by guarding them against both small and biggest risks. Whether you are a profit or a non-profit organization, getting the credible and reliable insurance is probably the wisest move considering the number of threats several kinds of entities face today.

This article is composed with intention of providing a useful information to readers about the different types of insurances that nonprofits can consider for safeguarding them and their facilities against the possibility of any human or natural threat. Read on to know more about them.

General Liability Insurance

General Liability coverage safeguards your church against claims of physical injury or property damaged stemming from its premises or operations for which the court can hold your nonprofit legally liable. Classic slip-and-fall scenarios are perfect example of physical injury claims. In case you are legally ordered to pay compensation to someone on the order of the court who got injured at your facility, your nonprofit will be covered for damages. Employees of nonprofit organization will not receive this benefit as they are likely to be covered under workers' compensation insurance. Regardless of fault, medical expense coverage is also included.

Physical Property Insurance

Non Profit Insurance Coverage incorporates physical property insurance which makes sure that your office equipments are covered for in case of any disaster in the form of earthquake, fire, vandalism, theft, storm etc,. Your office space might be your own or rented out, you have invested a significant sum on its fixtures, equipment and machinery, office furniture, computers and accessories, inventory and supplies etc,. Remember to ask your insurance carrier about the dollar amount at which your office items will be covered? As a nonprofit organization, make sure that the insurance policy covers the cost for actual replacement of the property, instead of paying for its used value.

Running A Nonprofit At Home?

Running a nonprofit at home can be a challenging prospect because most insurers can limit your coverage and render it void on finding that your NPO is operated out of home. It is advisable to be crystal clear about your intentions and get an appropriate insurance coverage for your nonprofit organization.

Auto Insurance

There is no reason why your NPO's vehicles should be left out of your insurance coverage. Considering the fact that your staff or volunteers use vehicles for carrying out activities related to your nonprofit, there is always a risk of them meeting with an accident and causing injury to themselves and others besides damaging vehicles. Getting insured under Auto Insurance means that your insurance will compensate for injuries that are caused by the driver of a vehicle while performing your organization's activities.

Integrity Now Insurance Brokers offer an array of services, including church property insurance and church liability insurance. We are here to help with all of your church insurance needs.