insurance for the nonprofit

Selecting Appropriate Insurance for the Nonprofit Sector

Nonprofit organizations provide essential services to disenfranchised communities. Picking up the slack of society is no small task and it can provide a lot of complicated questions in relation to protecting employees. If you run a business that is volunteer-based or operates as a nonprofit, you might be curious about how to select the right insurance. Take a moment to look over these points to get a better feel for what choices await you.

Volunteer Insurance Packages

Determining the best insurance policies for individual volunteers is not all too complex. Basically, you want to make sure your company has a policy for general liability. This will cover a number of the basic risks associated with most businesses. For businesses that rely on volunteers to complete most of the work, volunteer liability and injury policies will be a huge help. These policies cover the gaps that a general liability plan does not. Other areas to focus on when making your selection include:

  • Directors and officers coverage
  • Embezzlement
  • Theft

Review and Research

While volunteer-based companies might operate in a slightly different way than typical businesses, determining what insurance coverage is right for your organization is wildly important for your future. Give yourself a chance to review all of your options in order to discover the most sensible plan to protect your nonprofit.