Do you have the right Non Profit Insurance for your organization?
Nonprofits come in all forms from those formed for the public benefit, charities, and organizations formed for social and educational purposes. The risks for each nonprofit is unique but there are some risks shared by all. Understanding your non profit insurance takes an insurance agency that is familiar with working with non profits. At Huff Insurance, a Trusted Choice Independent Insurance Agency, we have several insurance companies that specializing in writing non-profits and their policies are written specifically for your needs.
Common nonprofits consist of:
- adult shelters
- college foundations
- ethnic clubs
- charity groups
- food banks
- soup kitchens
- thrift stores
- Fraternal organizations such as American Legions, Veterans of Foreign War, Elks, and Lions organizations
- Trade organizations such as chambers of commerce or business associations
As a nonprofit you need to consider coverage for your:
- property insurance
- general liability insurance
- workers compensation insurance
- directors and officers liability
- employment related practices liability insurance
- liquor liability insurance coverage.
Fundraising is usually a huge concern for non profits. So you may also need coverage for your special events. These may include fairs, dances or family fun day events.
What ever your non profit insurance needs are, Huff Insurance is here to help.
Who would sue a nonprofit?
Generally lawsuits come from members, donors, 3rd parties, employees and government entities.
A local Maryland non profit was recently sued for operating outside of their charter. Another entity is being sued because it is alleged that they attempted to influence legislation which jeopardized their non profit status with the IRS.
A simple trip and fall incident on the premises could cost you hundreds of thousand of dollars.
Recently a lady was in a hurry to leave a Pasadena, MD fraternal organization and went out a back door marked emergency exit. She slipped on the curb and fractured her ankle in multiple places. She later sued stating that there was no lighting outside of the door which is what caused her to trip and fall. Lawsuit was settled for $150,000. Thankfully, the organization had insurance that covered this loss.
Contact Huff Insurance Today
Call us today at 410-647-1111 to get your non profit organization covered!