THURSDAY, JANUARY 12, 2017
 Non-profit organizations operate with high expectations and low budgets. It is often your responsibility to make miracles happen within small business confines. As a responsible non-profit manager, you want to protect the organization so that it can keep functioning for years to come.
You likely have smaller confines to work with when deciding on non-profit insurance. But you need to carry enough coverage to protect your business. With these limitations in tow, you'll want to ensure you have the most essential coverage for your needs. And often, that starts with business liability insurance coverage.
Business Liability Insurance
With business liability insurance, you can properly cover your non-profit's patrons, volunteers and employees. It can also cover you in case you damage property in the course of conducting business.
Your non-profit may build houses for others. It may provide aid to people overseas. It may be a non-profit food pantry or clothing store. Nonetheless, risks always exist. A patron might get hurt while shopping in your food pantry. You could damage someone's property while delivering meals.
Your liability insurance can protect you in case something happens that makes your company liable for damages. It can cover you in case you have to pay repair bills, medical bills and other damages.
Professional Liability Insurance
With the proper levels of liability insurance, you can protect your assets in case of an accident. But, your business liability policy won't cover everything. You should always consider having another form of liability insurance, called professional liability coverage.
Professional liability insurance protects a critical element of your non-profit organization — the professional advice you provide. Depending on your field of expertise, your organization might offer counseling or free financial advice to those struggling to get on their feet. But you can never guarantee that this advice won't pose a risk to the person or people who receive it.
If the professional advice you offer causes a problem, then you could be liable for damages. Your business liability insurance coverage might not be sufficient in this case, but professional liability insurance can often step in to provide protection.
Looking for coverage for your non-profit? We can help. Call Full Armor Insurance Services, LLC at (208) 664-6000 for a free Idaho non-profit insurance quote.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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