Non-profit organizations are mostly like any other organizations, with one major difference: They don’t turn a profit. This type of organization has been granted tax-exempt status by the IRS, which requires them to have a unique form of coverage.

The following are common examples of non-profit organizations that require special coverage:

A) Federal credit unions

B) Charitable organizations

C) Scientific organizations

D) Amateur sports associations

E) Public safety testing organizations

F) Religious organizations (e.g., churches)

G) Social welfare groups

H) Politically motivated groups

I) Rotary clubs

J) Volunteer fire stations

K) Labor unions

L) Agricultural unions

M) Social and recreational clubs (e.g., country clubs)

This is not an inclusive list of non-profit organizations.

The type of insurance required by a non-profit will depend on the individual organization.

A non-profit organization may need the following coverage:

A) Commercial property insurance

B) Commercial general liability insurance

C) Professional liability insurance

D) Product liability insurance

E) Director & officer’s liability insurance

F) Event liability insurance

G) Business interruption insurance

H) Crime insurance

I) Cyber insurance

J) Commercial vehicle insurance

K) Group benefits coverage (including medical, dental, vision, life, disability and critical illness insurance)

Our team can help you understand the unique risks and needs of your non-profit organizations and help find the right combination of coverage your non-profit may need.

The following factors can affect the cost of non-profit insurance:

A) Size of the organization

B) What your non-profit does

C) Where you operate

D) Premises location (determines claim rate, crime rate, proximity to risks like rivers, nearest fire station and hydrant, and more)

E) The cost of repairing or replacing the premises, equipment, furniture, materials, and inventory

F) Premises age, type, building material, roofing, and electrical, heating, and plumbing systems

G) Damage mitigation or prevention measures like security alarms and sump pumps

H) Insurance history

I) Insurance options, including coverage, deductibles, and policy limits

We can help you review your non-profit insurance policy to answer any remaining questions about your coverage. We’ll also be able to help you figure out whether you’ve got enough coverage, or if you should purchase more.

Contact us today for a quote for non-profit insurance or to learn more.