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Nonprofit Insurance
Coverage customized for charities and nonprofit organizations
This coverage provided and serviced by affiliated and third-party insurers.. Read more
Tailored insurance protection for nonprofits
No matter your mission, your organization should consider nonprofit insurance to protect your directors, employees, volunteers, and donors. The right coverage can give you peace of mind so you can focus on making an impact and benefiting your community.
What is nonprofit insurance?
Nonprofit insurance is a business insurance policy that helps nonprofit organizations handle unexpected events and financial challenges. Depending on the coverages you choose, it can cover costs related to injuries, property damage, negligence, mistakes, and other events. You can get protection for general liability, directors and officers protection, workers' comp, professional liability, and more.
Progressive Commercial's specialized agents can help you find the right plan for your nonprofit. Give us a call or start a quote today.
Why liability insurance for nonprofit organizations is important
Nonprofit general liability insurance protects your business from lawsuits and financial losses if you injure someone or cause property damage. It helps reduce downtime, safeguards your reputation, and allows you to keep serving your community while claims are being resolved.
Some clients may require proof of insurance before starting a project. If you get a Progressive Commercial insurance policy, we can issue a certificate of insurance (COI) as soon as it's active.
Who needs nonprofit business insurance?
Nonprofit liability insurance is essential for a variety of organizations and individuals within the nonprofit sector. Here are some examples of who might need it:
- Charitable groups
- Healthcare providers
- Advocacy groups
- Educational nonprofits
- Arts and culture institutions
- Religious organizations
Whether you're a sole proprietor, part of an LLC, or working for a startup, you should consider securing nonprofit business insurance to protect your operation.
Types of insurance a nonprofit organization needs
There are different types of insurance for nonprofit organizations. Businesses typically need a combination of coverages to address the various risks they face. It's a good idea to consider your options before starting a quote.
General liability (GL)
Covers a variety of third-party claims
General liability (GL)
Covers a variety of third-party claims
A general liability policy covers third-party injury and property damage. It also covers advertising injury connected to your nonprofit's marketing campaigns and other public statements. Learn more about the benefits of GL insurance and the cost of a general liability policy.
Example: Your marketing intern uses a copyrighted image without permission on a series of social media posts. The photographer sues you for copyright infringement. Your nonprofit liability insurance can help pay legal and settlement costs.
Business owners policy (BOP)
Combines liability and property coverage in one flexible policy
Business owners policy (BOP)
Combines liability and property coverage in one flexible policy
A BOP packages liability with commercial property insurance to cover your business property, like your building, furniture, computers, and more. You can also add other BOP coverages for enhanced protection.
Example: Your office building is burglarized, and your computers are stolen. The commercial property coverage on a BOP can cover the broken windows and doors. It can also pay to replace stolen items.
Commercial auto
Protects your nonprofit vehicles and drivers
Commercial auto
Protects your nonprofit vehicles and drivers
Nonprofits that count on vehicles to get the job done might need commercial auto insurance. If you transport supplies, travel to work sites, or drive to fundraising events, commercial auto coverages can protect your business. Personal auto policies usually don't cover accidents that happen while you're working, so it's important to check for gaps in coverage.
Example: An employee uses your nonprofit's van to ferry supplies to a fundraising event and rear-ends another car in the parking lot. Your commercial auto policy can pay for damage to the other vehicle.
Workers' compensation
Protection for employees injured on the job
Workers' compensation
Protection for employees injured on the job
Workers' compensation insurance supports your employees by covering work-related injuries or illnesses. Most states have specific workers' comp requirements for organizations with employees. Find out if you need workers' comp for your business.
Example: An employee trips over loose supplies at the office and hurts their back. Workers' comp can help cover their medical bills and a portion of their lost wages while they recover.
Professional liability
Coverage for your advice and services
Professional liability
Coverage for your advice and services
Professional liability insurance protects against claims of negligence or errors in your professional services. You may also want to explore directors and officers (D&O) insurance for nonprofits, which protects your board from similar types of claims.
Example: One of your board members makes a public statement that misrepresents the mission of another nonprofit, which files a defamation claim. Your D&O insurance coverage can pay legal costs to defend your advisor.
Cyber
Helps you recover from data-related incidents
Cyber
Helps you recover from data-related incidents
Cyber insurance shields your organization from data breaches and cyber attacks, covering legal costs, notification expenses, and data recovery efforts. The cost of cyber coverage depends on your profession and the information you manage.
Example: A hacker breaches your fundraising database and steals donors' personal information. A cyber policy can pay the costs of recovering your files and investigating what happened. It can also cover notifying donors and securing your system.
EPLI for nonprofits
Employment practices liability insurance (EPLI) can pay legal costs related to claims of discrimination, harassment, or wrongful termination, even if your organization did nothing wrong. This coverage can be especially valuable for smaller nonprofits without a dedicated human resources department.
How much does nonprofit insurance cost?
The cost of nonprofit insurance is based on the following factors:
- Type of coverage
- Location
- Claims history
- Size of the organization
- Nature of work
- Number of employees and volunteers
Get a quote to see how these factors affect your rate and explore ways to save on your nonprofit business insurance cost. If you use a vehicle for work-related tasks, you might also need commercial auto coverage. When that happens, the cost of commercial auto will be added to your total insurance price.
Why choose nonprofit insurance from Progressive Commercial
Progressive Commercial has been trusted by the small business community for over 50 years. Work with our team of insurance specialists to get the coverage you need for your nonprofit at a competitive price. Call us or start a quote online.
