It isn’t only for-profit businesses and organizations that need to have the right insurance in Crawfordville, Havana, Monticello, Quincy, Tallahassee, FL, and the surrounding areas. Non-profit organizations are also unfortunately exposed to risks and it is important to protect against these risks. Talk with our team at Pichard Insurance Agency today about your non-profit organization and let us help you find the right coverage for your needs. Your non-profit will be exposed to similar issues that any other for-profit organization is subjected so, such as property damage, liability issues, organizational income issues, and more. We can work with you to develop a comprehensive plan to address the largest risk issues first so that you are able to operate without fear of the organization not being able to continue. Contact us today to start reviewing your non-profit insurance needs.
What Kind of Insurance Should a Non-Profit Have
There are several kinds of insurance that nearly every non-profit and for-profit organization should have, including general liability insurance and property insurance. But from here other insurance options should also be looked at, and one of the more prominent options is directors and officers liability insurance. This kind of insurance helps to protect the organization from management decisions that the board makes.
Another option for non-profit organizations is professional liability insurance, often referred to as errors and omissions insurance. This can address issues that stem from an individual board member and their action or inaction. There are other non-profit insurance types that may be appropriate to consider as well depending on what the nature of the organization is and what they do.
It’s Easy To Overlook The Importance
Especially when a non-profit is small and/or has limited funds, it is tempting to put off getting the right insurance policies. Unfortunately this can lead to forgetting to circle back once the funds are there, or just feeling like a non-profit shouldn’t have to have insurance. Forgetting or refusing to have insurance are sure ways to have your non-profit have a limited life as when the first lawsuit happens it will likely bankrupt the organization and any good that might have been done is gone for good.
Non-profit insurance is important in the same way that for-profit insurance is: it protects an organization from the risks that they cannot manage on their own or are too costly to do themselves in Crawfordville, Havana, Monticello, Quincy, Tallahassee, FL, and the surrounding areas. Help to ensure that your non-profit organization lasts for years and does the work that they intend by speaking with our team at Pichard Insurance Agency. Contact us today to start the review of your insurance needs.
