Nonprofit organizations are built around serving their communities, supporting important causes, and making a difference. Whether you operate a charitable organization, foundation, association, religious organization, community program, or social service organization, your nonprofit faces many of the same risks as a traditional business—with additional exposures related to volunteers, fundraising, events, employees, directors, and the people you serve.
At Brock-Norton Insurance Agency, we help nonprofit organizations develop customized insurance programs designed to protect their people, property, operations, finances, and mission.
At Brock-Norton Insurance Agency, we help nonprofit organizations develop customized insurance programs designed to protect their people, property, operations, finances, and mission.
What Is Non-Profit Insurance?
Non-profit insurance is a customized insurance program designed to address the unique risks faced by organizations that operate for charitable, educational, religious, social, cultural, or community-focused purposes.
While nonprofits may not operate for traditional profit, they still have employees, property, vehicles, contracts, volunteers, donors, board members, and day-to-day operations that can create significant insurance exposures.
A nonprofit insurance program can be designed around your organization's specific operations, including:
At Brock-Norton, we take the time to understand how your organization operates so we can help identify insurance solutions that fit your nonprofit.
While nonprofits may not operate for traditional profit, they still have employees, property, vehicles, contracts, volunteers, donors, board members, and day-to-day operations that can create significant insurance exposures.
A nonprofit insurance program can be designed around your organization's specific operations, including:
- Your organization's mission and services
- Number of employees and volunteers
- Physical locations and property
- Fundraising activities and special events
- Vehicles and transportation
- Programs involving children or vulnerable populations
- Board and executive leadership
- Financial operations and donor information
- Contracts and funding requirements
At Brock-Norton, we take the time to understand how your organization operates so we can help identify insurance solutions that fit your nonprofit.
Who Needs Non-Profit Insurance?
Nonprofit organizations come in many forms, and each can have different insurance needs.
We can help organizations such as:
Whether your nonprofit has a small staff or a large workforce with multiple locations, having an insurance program designed around your operations is important.
We can help organizations such as:
- Charitable organizations
- Foundations
- Community organizations
- Religious organizations
- Educational nonprofits
- Social service organizations
- Arts and cultural organizations
- Professional and trade associations
- Youth organizations
- Sports and recreational nonprofits
- Community centers
- Housing and social assistance organizations
- Animal welfare organizations
- Advocacy and public interest organizations
- Membership-based organizations
Whether your nonprofit has a small staff or a large workforce with multiple locations, having an insurance program designed around your operations is important.
Types of Insurance Coverage Nonprofits Should Consider
Nonprofit organizations can face a wide variety of property, liability, employment, financial, and operational risks.
Depending on your organization's activities, your insurance program may include:
Not every nonprofit needs every type of coverage. Our job is to understand your organization and help you determine which insurance solutions are appropriate for your particular exposures.
Depending on your organization's activities, your insurance program may include:
- General Liability Insurance
- Commercial Property Insurance
- Business Owners Policy
- Workers' Compensation Insurance
- Commercial Auto Insurance
- Directors & Officers Liability Insurance
- Employment Practices Liability Insurance
- Cyber Liability Insurance
- Crime and Employee Dishonesty Coverage
- Commercial Umbrella Liability
- Professional Liability Insurance
- Abuse and Molestation Liability
- Special Event Insurance
- Volunteer-related coverage
- Hired and Non-Owned Auto Liability
Not every nonprofit needs every type of coverage. Our job is to understand your organization and help you determine which insurance solutions are appropriate for your particular exposures.
|
In addition to your standard underlying coverage, we can help you with complex policies specific to your needs:
Directors & Officers Liability Workers Compensation and Volunteer Accident and Health Cyber Liability Foreign Liability Abuse and Molestation Media Liability Liquor Liability Professional Liability and Errors and Omissions General Liability Umbrella and Excess Liability Special Events, Event Cancellation and Hole-In-One Insurance Fiduciary Liability Property Coverage and Inland Marine |
Property Insurance & Business Personal Property
Your nonprofit's physical property is an important part of carrying out your mission.
Whether you own your building or lease office space, your organization may have significant investments in furniture, computers, office equipment, supplies, inventory, specialized equipment, and other business personal property.
Commercial Property Insurance can help protect covered property against certain losses such as:
Coverage can potentially apply to property such as:
The appropriate limits and coverage should reflect the property your organization actually owns or is responsible for.
Whether you own your building or lease office space, your organization may have significant investments in furniture, computers, office equipment, supplies, inventory, specialized equipment, and other business personal property.
Commercial Property Insurance can help protect covered property against certain losses such as:
- Fire and smoke damage
- Theft
- Vandalism
- Wind and hail
- Certain water-related losses
- Other covered causes of loss
Coverage can potentially apply to property such as:
- Buildings
- Office furniture
- Computers and electronics
- Equipment
- Supplies
- Inventory
- Signs
- Improvements and betterments
- Other business personal property
The appropriate limits and coverage should reflect the property your organization actually owns or is responsible for.
Employment Practices Liability Insurance
Nonprofits are employers too, and employment-related claims can create significant legal expenses and disruption.
Employment Practices Liability Insurance, or EPLI, can help protect an organization against certain claims made by employees or applicants involving employment practices.
Claims may involve allegations of:
Even organizations with a small staff can face employment-related disputes.
EPLI can be an important consideration for nonprofits that employ staff, managers, executives, or other personnel.
Employment Practices Liability Insurance, or EPLI, can help protect an organization against certain claims made by employees or applicants involving employment practices.
Claims may involve allegations of:
- Wrongful termination
- Discrimination
- Harassment
- Retaliation
- Failure to hire
- Failure to promote
- Other employment-related wrongful acts
Even organizations with a small staff can face employment-related disputes.
EPLI can be an important consideration for nonprofits that employ staff, managers, executives, or other personnel.
Workers' Compensation Insurance
If your nonprofit has employees, Workers' Compensation Insurance is an important part of your insurance program and is required by law in many states.
Employees can be injured while performing everyday duties, whether they work in an office, operate vehicles, work with the public, maintain facilities, or participate in organizational activities.
Workers' Compensation Insurance can provide benefits for covered work-related injuries and illnesses, including:
Your workers' compensation program should be reviewed as your organization's payroll, workforce, and operations change.
Employees can be injured while performing everyday duties, whether they work in an office, operate vehicles, work with the public, maintain facilities, or participate in organizational activities.
Workers' Compensation Insurance can provide benefits for covered work-related injuries and illnesses, including:
- Medical expenses
- Lost wages
- Rehabilitation
- Disability benefits
- Other benefits required by applicable law
Your workers' compensation program should be reviewed as your organization's payroll, workforce, and operations change.
Cyber Liability & Data Protection
Nonprofits increasingly rely on technology to operate their organizations.
Your nonprofit may maintain donor information, employee records, payment information, volunteer information, financial records, and other sensitive data.
A cyber incident could result from:
Cyber Liability Insurance can help an organization respond to certain covered cyber incidents and associated expenses.
For nonprofits that depend heavily on technology and electronic records, cyber insurance can be an important part of a comprehensive risk management strategy.
Your nonprofit may maintain donor information, employee records, payment information, volunteer information, financial records, and other sensitive data.
A cyber incident could result from:
- Phishing attacks
- Ransomware
- Malware
- Hacking
- Social engineering
- Stolen credentials
- Accidental disclosure of information
- Network security failures
Cyber Liability Insurance can help an organization respond to certain covered cyber incidents and associated expenses.
For nonprofits that depend heavily on technology and electronic records, cyber insurance can be an important part of a comprehensive risk management strategy.
Crime & Employee Dishonesty Coverage
Nonprofits often handle donations, grants, membership dues, fundraising proceeds, and other financial resources.
Unfortunately, organizations can be vulnerable to theft or fraud from both internal and external sources.
Crime Insurance may help protect against certain financial losses resulting from covered criminal acts, which can include exposures such as:
The appropriate coverage depends on your organization's financial controls, operations, and exposures.
Strong internal procedures combined with appropriate insurance can help nonprofits better protect the resources entrusted to them.
Unfortunately, organizations can be vulnerable to theft or fraud from both internal and external sources.
Crime Insurance may help protect against certain financial losses resulting from covered criminal acts, which can include exposures such as:
- Employee theft
- Employee dishonesty
- Forgery
- Funds transfer fraud
- Computer fraud
- Social engineering fraud
- Theft of money or securities
The appropriate coverage depends on your organization's financial controls, operations, and exposures.
Strong internal procedures combined with appropriate insurance can help nonprofits better protect the resources entrusted to them.
Abuse & Molestation Liability
Some nonprofits provide services or programs involving children, elderly individuals, disabled individuals, or other vulnerable populations.
Organizations working directly with these groups can face unique liability exposures.
Abuse and Molestation Liability coverage may provide protection for certain claims alleging abuse or molestation involving individuals connected to the organization.
This coverage can be particularly important for organizations such as:
Risk management is also critical. Background checks, supervision policies, reporting procedures, employee training, and appropriate volunteer screening can all play an important role in reducing organizational risk.
Organizations working directly with these groups can face unique liability exposures.
Abuse and Molestation Liability coverage may provide protection for certain claims alleging abuse or molestation involving individuals connected to the organization.
This coverage can be particularly important for organizations such as:
- Youth programs
- Camps
- Schools
- Religious organizations
- Community programs
- Social service organizations
- Children's organizations
- Recreational programs
Risk management is also critical. Background checks, supervision policies, reporting procedures, employee training, and appropriate volunteer screening can all play an important role in reducing organizational risk.
Non-Profit Events, Volunteers & Community Programs
Fundraising events, community programs, volunteer activities, and special events are often essential to a nonprofit's mission and financial support.
However, these activities can introduce additional insurance exposures.
Depending on the event or activity, considerations may include:
Events can range from small community gatherings to large fundraisers, festivals, races, galas, and other public activities.
Before hosting an event, it is important to review the activity with your insurance professional to determine whether your existing insurance program adequately addresses the exposure.
However, these activities can introduce additional insurance exposures.
Depending on the event or activity, considerations may include:
- General Liability
- Special Event Insurance
- Volunteer-related exposures
- Hired and Non-Owned Auto
- Property and equipment
- Participant injuries
- Venue requirements
- Certificates of Insurance
- Contractual insurance requirements
Events can range from small community gatherings to large fundraisers, festivals, races, galas, and other public activities.
Before hosting an event, it is important to review the activity with your insurance professional to determine whether your existing insurance program adequately addresses the exposure.
(C) CapinCrouse
|
Many nonprofits are aware of the IRS Form 5500 filing requirement for retirement plans. However, many aren’t aware that they may need to file Form 5500 for their health and welfare plans, too. This includes medical, dental, vision, and short- and long-term disability plans.
Check out the full non-profit information that CapinCrouse has to offer below |
Customized Insurance & Risk Management for Nonprofits
No two nonprofit organizations are exactly alike.
A small community nonprofit operating from a leased office may have very different insurance needs from a large organization with employees, multiple facilities, vehicles, volunteers, fundraising programs, and extensive community operations.
At Brock-Norton Insurance Agency, we take a consultative approach to nonprofit insurance. We look at your organization as a whole and consider factors such as:
As an independent insurance agency representing more than 65 insurance markets, Brock-Norton can compare insurance options from multiple carriers to help develop a program that fits your organization's needs and budget.
As your nonprofit grows, your insurance program should grow with it. Changes such as hiring employees, opening a new location, purchasing property, adding vehicles, launching new programs, or significantly expanding fundraising activities can all warrant an insurance review.
A small community nonprofit operating from a leased office may have very different insurance needs from a large organization with employees, multiple facilities, vehicles, volunteers, fundraising programs, and extensive community operations.
At Brock-Norton Insurance Agency, we take a consultative approach to nonprofit insurance. We look at your organization as a whole and consider factors such as:
- Your organization's mission
- Number of employees
- Volunteer involvement
- Property and locations
- Programs and services
- Fundraising activities
- Vehicles
- Contracts and agreements
- Financial exposures
- Technology and data
- Board and executive responsibilities
As an independent insurance agency representing more than 65 insurance markets, Brock-Norton can compare insurance options from multiple carriers to help develop a program that fits your organization's needs and budget.
As your nonprofit grows, your insurance program should grow with it. Changes such as hiring employees, opening a new location, purchasing property, adding vehicles, launching new programs, or significantly expanding fundraising activities can all warrant an insurance review.
Get a Non-Profit Insurance Quote
Your nonprofit works hard to serve your community. Let Brock-Norton Insurance Agency help you protect the organization behind that mission.
We can review your current insurance program, discuss your organization's operations and exposures, and help identify insurance solutions designed specifically for your nonprofit.
Ready to discuss your nonprofit's insurance needs? Contact Brock-Norton Insurance Agency to discuss your organization and receive a customized insurance quote. We'll work with you to understand your operations, evaluate your risks, and compare available insurance options.
We can review your current insurance program, discuss your organization's operations and exposures, and help identify insurance solutions designed specifically for your nonprofit.
Ready to discuss your nonprofit's insurance needs? Contact Brock-Norton Insurance Agency to discuss your organization and receive a customized insurance quote. We'll work with you to understand your operations, evaluate your risks, and compare available insurance options.