Why a Non-Profit Needs Business Insurance

Why a Non-Profit Needs Business Insurance

If you have or are involved in a non-profit business or organization, you may feel that business-style insurance is unnecessary. One may not believe a non-profit is subject to liability issues like a for-profit company. Perhaps you may not believe someone would sue a charitable or non-profit organization. The reality is, however, other than the differences between how a non-profit and profit organization are treated by taxing authorities, they share more similarities than differences.

Here are some reasons non-profits need business-style insurance protection.

Non-Profits Have Assets That Can Be at Risk

Like their for-profit counterparts, non-profits have assets that can be lost through a fire or other natural disaster, or even through theft or vandalism. In some cases, these assets can be substantial. Computers, software, office equipment, furniture, educational and promotional materials and other assets can be expensive to replace.

Non-Profits are Subject to Liability Claims

Even if a non-profit organization leases or rents the space for its operation, it can still be subject to liability claims from a slip or fall or other issue. A client, volunteer, employee or even delivery person who gets injured on your leased or owned property can hold you responsible. Liability insurance can cover legal costs, pay any claims and even take care of any settlement resulting from a liability claim.

Board Members Can Be Held Responsible

Professional Errors and Omissions coverage can help protect board members of a non-profit for decisions associated with the non-profit. This is a specific form of insurance designed particularly for members serving on a board.

Owned Real Estate May Be at Risk

If your non-profit owns real estate, that property is still at risk from natural disasters, vandalism, theft and other threats. Churches, in particular, tend to have sizable real estate assets that should be protected from wind, rain, fires and flooding. A well-operated non-profit won’t just rely on the goodwill of its supporters to recover from a disaster. It will take pro-active steps in making sure the organization can continue its work even after a loss.

Getting the Coverage You Need & Deserve

Our independent agents can assist you and your organization in getting the protection you need and deserve. We work with a variety of insurance providers, many of whom specialize in insuring non-profit organizations. We can review your risks, and provide options to minimize those risks. Contact us today for your free consultation and quote.

Protect What You Love

Leave a Comment





Should a Stay-at-Home Spouse Carry Life Insurance?

May 27, 2020

Homeowners’ Liability Insurance: Who Would Sue You?

May 25, 2020

Poorly Reviewed Movies That Became Classics

May 22, 2020

Protecting Your Biggest Investment

May 18, 2020

Will a Traffic Ticket Result in Higher Car Insurance Premiums?

May 12, 2020

Moolah. Dough. Money. Cash Throughout US History.

May 8, 2020

Sole Proprietors and Business Insurance

May 7, 2020

Improving Your Home? Improve your Insurance.

May 4, 2020

Is Waxing a Car Still a Thing?

May 1, 2020

The ABC’s of Product Liability Insurance

April 30, 2020

The Value of a Life Insurance “Policy Status” Report

April 29, 2020

Why Changing Jobs May Change Your Car Insurance Rates

April 28, 2020

A Brief History of the Interstate Highway System

April 24, 2020

Independent Businesses Deserve an Independent Business Insurance Agent

April 23, 2020

When, How and Why Auto Insurance Takes Effect

April 21, 2020

What You May Not Know About the Roaring (19) 20’s

April 17, 2020

Bundling and Business Insurance

April 16, 2020

7 Myths of Life Insurance

April 15, 2020

What Should You Know About Vehicle Safety Ratings

April 14, 2020

A Pool and ts Impact on Homeowners’ Insurance

April 13, 2020

Movie Sites You Can Still Visit

April 10, 2020

Why Funerals Can Be So Expensive

April 8, 2020

The Hidden (and Not So Hidden) Ways Your Car is Designed to Protect You

April 7, 2020

Working From Home? Here Are Tips to Stay Productive

April 6, 2020

Some of America’s Favorite Amusement Parks

April 3, 2020

Should You Have Auto Insurance if You Don’t Own a Car?

March 31, 2020

Why You May Be Required to Carry Homeowners’ Insurance

March 30, 2020

9 Ways Gas Stations Have Changed Since the 60’s

March 27, 2020

Why a Non-Profit Needs Business Insurance

March 26, 2020

Life Insurance vs Burial Insurance

March 25, 2020

Tasks Those Under 21 May Not Know How to Do

March 20, 2020

Vehicles and Business Insurance

March 19, 2020

Life Expectancy Changes Through the Years

March 18, 2020

My Neighbor’s Tree Fell on My House. Who is Responsible?

March 16, 2020

Cyber-Security Tips for Small Businesses

March 12, 2020

Do I Need That Insurance Offered at the Rental Car Counter?

March 10, 2020

Is “Bundling” Your Homeowners’ Insurance a Good Idea?

March 9, 2020

How a Video Security System Can Benefit Your Business

March 5, 2020

How Your Hobbies Can Affect Life Insurance Rates

March 4, 2020

How Maintenance and Homeowners’ Insurance Work Hand-in-Hand

March 2, 2020

The Different Types of Insurance Companies

February 26, 2020

The World of Supercars – Driving on the Next Level

February 25, 2020

Some Surprising Ways Major Cities Got Their Names

February 21, 2020

Independent Insurance Agents and Business Insurance

February 20, 2020

How Effective is Automobile Safety Equipment?

February 18, 2020

Jewelry, Termites, and Flooding: What Your Homeowners’ Insurance May Not Cover

February 17, 2020

Classification Codes and Their Impact on Business Insurance

February 13, 2020

Six Benefits of Life Insurance

February 12, 2020

You “Auto” Keep an Eye on It: Pros & Cons of Automatic Car Insurance Payments

February 11, 2020

What Are the Odds? Chances of a Natural Disaster Hitting Your Home

February 10, 2020

Best Places to Spend Valentine’s Day

February 7, 2020

How Many of Us are on Drugs? Startling Prescription Statistics

February 5, 2020

4 Misperceptions about Automobile Accidents

February 4, 2020

Six Interesting and Bizarre Museums Across the Country

January 31, 2020

When Is Your Small Business Big Enough for Insurance?

January 30, 2020

Adulting 101: When and How Adult Children Become Responsible for Their Own Health Insurance

January 29, 2020

Six Ways Your Homeowner’s Insurance May Protect You That You Weren’t Aware

January 27, 2020

Six Ways to Better Protect Your Business in the New Year

January 23, 2020

What You Should Know About Accidents on Private Property

January 21, 2020

Why You May Be Paying More (or Less) Than Your Neighbor for Homeowner’s Insurance

January 20, 2020

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 408-709-1177

598 E Santa Clara St Ste 205 San Jose , California 95112

408-709-1177
CA License #0G64896

© Copyright 2020 StarOne Valley Insurance Agency  |   All Rights Reserved
Site by ICA Agency Alliance

598 E Santa Clara St Ste 205 San Jose , California 95112
408-709-1177
CA License #0G64896

© Copyright 2020 StarOne Valley Insurance Agency  |   All Rights Reserved
Site by ICA Agency Alliance