Non Profit Social Services
A typical non profit liability insurance policy includes the following coverage:
- General and commercial liability
- Commercial auto
- Directors and officers liability
- Professional liability
- Business interruption
- Employee services protection
- Workers compensation
- Property insurance
- And more
Property insurance covers the repairs to or replacement of essential property, such as offices owned by the nonprofit and equipment used in programs.
Commercial general liability policies address claims alleging bodily injury or property damage.
Slips, trips and falls are the most common claims covered by CGL policies.
Commercial auto, automobile liability and nonowned automobile insurance address the exposures associated with use of owned, rented and borrowed vehicles.
Directors’ and Officers’ Liability insurance addresses claims alleging wrongful management decisions by the volunteer and staff leaders of the nonprofit. The most common claim filed under a D&O policy alleges wrongful employment practices.
Workers compensation insurance, which is required if the nonprofit has any employees.
Crime Coverage addresses the financial risks of fraud and embezzlement by an insider.
Specialized computer coverage addresses the possible loss of data or equipment (such as laptops) that is not generally covered in regular property insurance policies.
Business Interruption coverage pays for out-of-pocket expenditures, such as renting temporary office space, in the event that something occurs to make it impossible to carry on the normal business of the nonprofit.