Commercial Insurance for Non-Profits

Non-profit InsuranceNon-profit community programs in large urban areas, suburban complexes, or small towns have similar concerns when it comes to risk exposure. Allegations against a staff nurse or counselor, a slip and fall at their offices, or property damage to their building as a result of vandalism are just some of the many incidents that can leave directors and the organizations they run open to potential legal and financial consequences. Purchasing commercial insurance coverage for their program is a step that directors can take to make sure that in the event of a claim, or loss, their organization, and its administration and staff, are protected.

Depending on an organization’s structure, the services it provides, and risk management concerns of directors and officers, head start programs, foster family agencies, recreation centers, and grant-making foundations require various kinds of commercial insurance coverage. An experienced independent business insurance agent, familiar with local non-profit community organizations and the available options for policies from a number of insurance companies, will provide advice and guidance about supplementing existing commercial insurance coverage for a non-profit program, or buying a new policy.

For home companion care operations, Camp Fire Boys and Girls organizations, and not-for-profit nature centers, an independent insurance agent will likely describe options for liability (such as molestation or abuse), management liability, and property insurance coverage that she would suggest they include in a policy. She will probably discuss general liability insurance, along with special events coverage, and umbrella liability insurance. And, depending on a group’s needs, she might also mention child abduction liability insurance, general liability plus extension coverage, and the possibility of adding volunteers as additional insureds under a business insurance policy. Also, an independent insurance agent will likely talk about options for management liability insurance, including coverage for fiduciary liability, directors’ and officers’ liability, and employment practices liability.

When it comes to considering property coverage for a non-profit community program, an independent commercial insurance agent can describe the details of typical property insurance policies. For some organizations, she may mention commercial property extension endorsements, which provide multiple coverages in one form, including coverage for fire department service charges, outdoor property, and refrigerated goods spoilage. She might also discuss systems breakdown insurance, which can protect a non-profit if a mechanical, pressure, or electrical system in their building breaks down, and may refer to key employee replacement coverage, in case an important staff member departs suddenly, and an organization requires a temporary replacement until they can permanently fill the open position.

Other kinds of commercial insurance that a seasoned independent insurance professional might recommend for a community program include crime coverage, in case of theft of money, forgery, or employee dishonesty; inland marine insurance for property off premises, valuable papers, and signs; and accident medical insurance for staff, volunteers, or clients injured at an organization’s facilities, who do not have adequate health insurance to cover medical bills. She might also describe auto insurance for owned, leased, hired, and non-owned vehicles and buses used by a non-profit, and business income insurance, in case a program’s facilities must temporarily close as a result of a covered loss, like a fire, or lightning.

By contacting an independent insurance agent to discuss their organization’s commercial insurance needs, directors of non-profit community programs like CASA, the Boys & Girls Club, or support resources for prison families, can gain an understanding of the appropriate coverage for their entity. They can get answers to their questions about endorsements, exclusions, and additional insureds, and learn about policy limits and umbrella coverage options. With commercial insurance purchased through a local independent insurance agent, despite a loss or claim, non-profit programs can continue to provide their services to the community.

Commercial Insurance for Private Schools

Private School InsurancePrivate schools, whether they are run by a church, association, or other non-profit or social services entity, often operate with a specific mission in mind.  In case of an unexpected loss or liability, they can uphold that mission and continue their operations by having dependable commercial insurance coverage in place.  In the course of employing teachers and staff, hosting events and activities for students, and maintaining fixtures and equipment inside the school building and on the premises, private schools face a variety of risks.  In the event of an accident on the playground, property damage to the school building as a result of a storm, fire, or vandalism, or liability exposure as a result of the loss or theft of someone’s belongings at the school, with proper commercial insurance coverage in place, private schools can shield their organization, along with its assets, and officers and directors, from the prospect of legal or financial liability as a result of a claim.

When it comes to choosing commercial insurance coverage, private schools have many requirements and concerns.  Most will want to make sure that their school building, along with any fixtures on the property, or physical improvements, are guarded, along with business personal property in the classrooms and office.  Likewise, private schools may wish to purchase legal liability coverage, builders’ risk coverage if they plan to add on to or remodel the school structure, or coverage for outdoor plants, trees, and shrubs on the school grounds, since these are expensive and can be costly to replace if they are stolen or damaged.

With the assistance of an independent insurance agent, private school officers and directors can determine the right kinds of commercial insurance to keep their organization protected from a variety of risks.  They can get answers to their questions about selecting adequate business insurance, and review the necessary requirements for coverage based on demographic factors, like their school’s location and size, and their status as a non-profit.

The agent will want to discuss crime coverage, including fiduciary coverage. The school will want to considered professional liability, including corporal punishment and abuse and molestation coverage. Such things as musical instrument floaters and sign coverage may also be a concern. The school might be one of the largest “restaurants” in the area, so the agent will want to review that operation for fire safety and products liability issues.

An independent insurance agent, knowledgeable about the needs of not-for-profit businesses when it comes to buying commercial insurance, will personally guide private school directors, officers, and administration through the process of choosing a policy, or supplementing existing coverage.  With a commercial insurance policy through a local independent insurance agent, private school directors and officers can protect themselves from possible exposure, and make sure that their school’s property, assets, and structure remain secure in the event of an unforeseen loss or liability.

Commercial Insurance for Animal Shelters and Humane Societies

Commercial Insurance for Animal Shelters and Humane SocietiesAnimal shelters and humane societies provide a valuable social service to pet owners, and the public alike.  Animal shelters take in cats, dogs, and other animals that owners are unable to care for or house, and provide these pets with food, grooming, and a place to live, even if only for a short time.  Like other non-profit organizations, humane societies and animal shelters face a variety of commercial insurance risks in the course of their operations, and their directors and officers also face the potential for liability or financial exposure.

In the event of an accident, like a dog bite, at the facilities, property damage as a result of a unruly animal, or loss or theft of staff or a guest’s possessions while they are working or visiting, it is important for animal shelters and humane societies to have commercial insurance coverage that they can count on to keep their organization secure.  A knowledgeable local independent insurance agent, familiar with the concerns of non-profit animal shelters and humane societies when it comes to business insurance, will help them supplement their existing coverage, or buy a new commercial insurance policy.

With the help of a local independent insurance agent who understands what is important to non-profit animal shelters and humane societies when it comes to choosing business insurance, directors and officers of these organizations can select the right policy.  An independent insurance agent will consider the kinds of equipment maintained at an entity’s facilities, along with whether any animals on the premises could be prone to theft because of their value, like chinchillas or tropical snakes.  An independent insurance agent may also inquire about whether a shelter or humane society has any unusual exposures, is accessible to the public all year round, or has any other higher risk adjacent exposures.

Factors like where an animal shelter is located, and whether its facilities are in a high crime area, can impact an organization’s options for commercial insurance coverage.  Whether the company has experienced a loss in the past three years, or has been cancelled by a prior commercial insurance carrier for any reason other than that the carrier was no longer writing the kind of insurance needed by the shelter or humane society, or if the facilities are in a property that is on a local or national historic register may also bear on the available alternatives for coverage.  An experienced independent insurance agent will assess these and other elements to determine the commercial insurance that is suited to a particular animal humane society or shelter.

A seasoned independent insurance agent who knows about the concerns of local animal shelters and humane societies when it comes to adequately covering their non-profit business will guide them through the process of choosing a policy.  With the assistance of an independent insurance agent, non-profit animal shelters and humane society directors and officers can feel secure in knowing that the commercial insurance coverage that they select can shield them from potential exposure, and protect their organization in case of  loss or liability.

Commercial Insurance for Community Development Corporations

Community development corporations provide a variety of social services to cities, towns, and villages.  They operate in areas ranging from the arts, to housing and unemployment, to education.  In the course of affording a variety of services to a particular region, community development corporations, and their directors and officers, may be subject to the risk of legal or financial liability exposure as a result of an injury to an employee or client from an accident, an unexpected economic loss, or damage to their facilities, or the surrounding property as a result of a snow or rainstorm, vandalism, or theft.  An experienced independent insurance agent in the region, familiar with the concerns of non-profit community development organizations when it comes to buying insurance, will personally guide directors, officers, and other administrative figures in securing adequate commercial insurance coverage.

Community development corporation officers and directors can arrange to meet with a local independent insurance agent to learn more about purchasing dependable business insurance coverage for their organization.  Whether they are interested in changing or supplementing their existing business insurance, or in buying a new policy, an independent business insurance agent will direct them to commercial insurance they can count on to keep their entity protected.

In connecting with a local independent insurance agent, directors and officers can evaluate the available options for commercial insurance to determine the coverage that is best suited to their community development corporation’s insurance requirements.  Most organizations will seek building and business personal property insurance, and coverage for the personal property of others on the entity’s premises.  Also, many community development corporations will require workers’ compensation insurance for their employees, and auto insurance coverage, if vehicles are operated in the course of their operations.

In evaluating the kinds of commercial insurance that fit an organization’s needs, an independent insurance agent will ask questions about whether a community development corporation has had any losses in the past few years, or if they sponsor or participate in any outdoor recreation activities with their staff, or clientele.  Also, an independent insurance agent may inquire about the structure of the non-profit, the number of directors and officers, and the work experience of managers or administrators that run a corporation’s day-to-day operations.

With the assistance of a seasoned independent business insurance agent, community development organization directors and officers can choose commercial insurance that is right for their business.  They can get answers to their questions about buying insurance, and select a policy that provides quality coverage they can rely to safeguard directors and officers themselves, and their organization and its resources, in case of a loss or liability.

Other Enhanced Insurance articles related to Non-Profit’s Insurance:

Commercial Insurance for Individual and Family Services

Commercial Insurance for Social Service Organizations

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