Nonprofit Insurance
What is nonprofit insurance?
Nonprofit insurance is a type of coverage designed to protect nonprofit organizations from unexpected events and financial challenges, allowing them to focus on their missions and serve the community.
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 is liability insurance for nonprofit organizations important?
Nonprofit general liability insurance protects you from potential legal claims and financial losses resulting from accidents involving customer injuries and property damage. This coverage allows you to continue your work while providing peace of mind to board members, volunteers, and donors.
Without a nonprofit insurance policy, you face substantial risks that can hinder your growth and operations.
Some clients may require proof of insurance before starting a project. Progressive Commercial can issue a certificate of insurance (COI) as soon as your policy is 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.
What types of insurance does a nonprofit organization need?
There are different types of insurance for nonprofit organizations. Typically, a combination of coverages is needed to address the various risks they face. Options include:
- General liability: This fundamental coverage protects nonprofit organizations against legal claims and financial setbacks resulting from customer injury, property damage, and advertising injury. Discover the benefits of general liability insurance.
- Commercial auto: Commercial auto insurance is another important coverage for nonprofits because it protects the vehicles used by the organization. Vehicles used to transport supplies or travel to fundraising events need commercial auto insurance coverage.
- Business owners policy (BOP): A BOP extends general liability insurance to cover your commercial building and personal property. Learn more about BOP coverages.
- Workers' compensation: This insurance supports your employees by covering injuries or illnesses that occur while they're working. Find out if you need workers' comp for your business.
- Professional liability: Professional liability insurance protects against claims of negligence or errors in your professional services.
- Cyber: Cyber insurance shields your business from data breaches and cyber attacks, covering legal costs, notification expenses, and recovery efforts.
How much does nonprofit insurance cost?
The cost of nonprofit insurance is based on a variety of factors. Insurers typically consider the following when determining premiums:
- Type of coverage
- Location
- Claims history
- Size of the organization
- Nature of work
- Number of employees and volunteers
Find out how these factors affect your rate and learn ways to save on your nonprofit business insurance cost by speaking to one of our licensed specialists.
Why choose nonprofit insurance from Progressive Commercial
Progressive Commercial has been trusted by small business for over 50 years. Work with our team of specialists to secure the coverage you need at a competitive price.
Call us or start a quote online.
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