Nonprofit organizations require business insurance just like conventional companies. Unexpected events are bound to happen. When the unexpected occurs, insurance can protect the nonprofit organization.
In particular, every nonprofit organization should have liability insurance.
Why Liability Insurance is so Important for Nonprofits
If you run a nonprofit, liability insurance is essential to your organization's future.
Consider that every person who steps on your nonprofit's property has the potential to take legal action against your organization. All it takes is a seemingly minor accident to result in an injury and a subsequent lawsuit.
It does not matter if the accident is not your fault or the fault of your staff. The bottom line is that unsavory characters exist. Many are always looking for ways to sue organizations of every type. Some are even willing to target nonprofits.
That's not to say that every lawsuit is not legitimate. Many are, and they could come with financial penalties that could harm the nonprofit. Liability insurance protects your organization against such lawsuits. It often covers you regardless of whether the suits are legitimate or exaggerated.
The Importance of General Liability Insurance
General liability insurance usually offers protection against accidents that occur on the non-profit's property or at a non-profit's event.
Statistics show the majority of claims relate to accidents. These are things like slips, falls and automobile crashes. Indeed, many people call general liability insurance slip and fall coverage. It often does not matter if someone endures an injury at the nonprofit office or away from the property. As long as the individual partakes in the non-profit's operation in some form, the liability insurance policy should apply.
Consider the many places in which non-profit organizations hold events. Regular programs and gatherings occur at the non-profit's headquarters and elsewhere. Special events also take place far away from the headquarters. Accidents are bound to happen on-site and off-site.
A general liability insurance policy can protect against these accidents. They can also cover injuries and subsequent costs. Otherwise, someone who suffers an accident while interacting with the non-profit might file a lawsuit against the organization. If a general liability insurance policy is not in place, a lawsuit could threaten the future of the organization.
Non-profit Insurance Provides Peace of Mind
Don't let an injury ruin the organization you have worked so hard to build over the years. Secure liability insurance for your non-profit and you can enjoy the peace of mind and security you deserve.
We've got you covered. Call Full Armor Insurance Services, LLC for a fast, free general liability insurance quote right now at (208) 664-6000.