Insuring your nonprofit organization can be tricky, at best. There are gaps in many of the charitable immunity laws that you may not be aware of, and many nonprofits are operating on budgets that can't survive a large unexpected expense. The best way to protect your organization is to have to right coverage.
The types of insurance that may best fit your nonprofit are:
- General Liability Insurance - This will protect your organization against accident claims that could arise from someone (other than an employee of the organization) being involved in an accident while on your property. Your employees would be covered by your Workers Compensation policy.
- Property Insurance - Own or rent, you want to protect the things that could be lost during an unexpected event like a natural disaster, vandalism or other occurrence. This could include furniture, equipment, computers, machinery and other items of value.
Some of the other types of insurance you might consider, depending on your nonprofit:
- Cyber Liability
- Workers Compensation
- Comprehensive Auto
- Special Events Insurance
- E&O Insurance
- Directors & Officers
If your nonprofit is located in either Alaska, Georgia, Nebraska, or Nevada, Alaska Pacific Insurance Agency has the right experience and relationships with insurance companies to find the best solution at the best price. Contact us so we can discuss the specifics of your nonprofit and where your exposures might be.