| PIA has been tailoring insurance programs for non-profit organizations since we opened our doors in 1960. Non-profits require a careful and professional approach to protecting the organization and its Board of Directors. This segment of our communities requires an agent familiar with unique needs and characteristics of a non-profit organization.
What kind of coverage do you need?
As a bare minimum you should carry:
- General Liability to insure against third party negligence claims.
- Volunteers as additional insureds under the General Liability provisions.
- Property to insure buildings, office equipment, stock, loss of income, and inventory.
- EDP to insure your computer hardware and software equipment.
- Transportation and Cargo to insure goods in transit away from your premises.
- Crime to insure against employee theft, and theft of monies and securities.
- Professional Liability to insure against errors in advice, counseling or consulting.
In addition to the above types of coverage you may need:
Other considerations that we highly recommend are:
- Employment Practices Liability to insure against employee suits arising from sexual harassment, wrongful termination, and discrimination.
- Fiduciary Liability to insure against employee suits arising from employee benefit plans.
- Accident & Injury Insurance to insure your volunteers for minor injuries and medical expenses.
- Liquor Legal Liability in the event you are serving alcohol at events.
- Special Events Liability to insure any fund raisers outside the normal scope of the organizations operations.
- Director's & Officer's Liability to protect your company and board of directors from liability suits.M ost D & O policies for Non-Profits will also include coverage for Employment Practices Liability Insurance for the Board of Directors as well as the business entity itself. Check with your agent.
- If your organization has a website we also recommend Media Liability Insurance.
©2006 Professional Insurance Associates, Inc. All rights reserved. PIA
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