Call Full Armor Insruance Services CALL US TODAY | (208) 664-6000
Auto Insurance CHURCH

Church insurance protects you against financial loss if you have an accident.

Read More
Non-Profit Insurance NON-PROFIT

Finding insurance doesn't have to be difficult. We do the work for you.

Read More
Mission/Travel Insurance MISSION/TRAVEL

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Business Insurance BUSINESS

Browse a variety of insurance options in order to find the right one for you.

Read More
Auto & Home Insurance AUTO & HOME

A standard policy insures the auto & home and the things you keep in them.

Read More
Life Insurance LIFE

Learn about different life coverage options that fit your specific needs.

Read More

group of people cheering togetherNon-profits may not have a lot of money to spare in case they face any damages or liability claims. One way a non-profit can protect its reserve assets is through proper non-profit insurance. Non-profit insurance usually can protect products the organization produces, its business assets, and people associated with the cause.

It is a non-profits organizers, donors and beneficiaries who keep the organization running. That’s why you must take these people into account when buying insurance coverage for your business.

Making sure that the people associated with the organization have appropriate insurance protections can help the non-profit sustain its operations.

Employees

Your rank and file employees need various types of insurance. Perhaps the most common type is workers’ compensation insurance. If an employee gets hurt or sick on the job, you might be able to use this insurance to compensate that employee. Since most states require some form of workers’ compensation, this insurance can help you afford to pay employees without surrendering your reserve funds.

Most non-profits also offer their employees health, dental and vision insurance. Additionally, some non-profits might offer life insurance plans or other types of financial benefits. In some cases, non-profits may be able to qualify for lower insurance rates than some other businesses. That way, you can still afford to offer a quality benefits plan to your employees.

Executives and Directors

A network of directors and board members usually oversee much of a non-profits operations. They make a lot of decisions. These governing individuals may sometimes make mistakes, or promote practices that compromise the organization’s stability.

Directors and Officers Coverage (D&O Insurance) can help a non-profit recoup in case of mistakes on the part of high officials. This might cover lost income, or legal costs related to certain claims against business practices.

Volunteers

Even though many non-profit volunteers don’t receive payment, they still often have to have protection. A volunteer could get hurt while in the establishment, or even make a mistake that causes a bigger problem. Most non-profits need to carry liability insurance that protects both employee and volunteer actions.

Before buying non-profit insurance, make sure it covers the safety of volunteers. Also ensure that your business can protect itself in case a volunteer makes a mistake.

In addition to non-profit influencers, you should never forget to consider any risks that may affect your donors or beneficiaries. For example, a cyber insurance policy can help you protect donors in case a data breach threatens their financial security. Proper liability coverage can help you assist any beneficiaries who use your free legal services or food pantry.

Always do your best to protect all of those associated with your non-profit. Full Armor Insurance Services, LLC can help you get a fast, free non-profit insurance quote. Give us a call at (208) 664-6000 for more information. 
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
Twitter
LinkedIn
Blog
Google+
ING
GuideOne
Foremost
CNA
Progressive
The Hartford
Safeco
American Modern
Travelers
Bristol West
Zurich
© Copyright 2017. All rights reserved.
Powered by Insurance Website Builder