Category: Workers’ Comp Insurance

Nonprofit organizations that rely on volunteers must do what they can to protect their workforce the same way they would protect paid employees. However, volunteers require special considerations that paid staff does not. Luckily, volunteer insurance companies such as VIS specialize in the types of coverage best suited to volunteers.

Medical Expense Reimbursement

Medical insurance for volunteers is an inexpensive way to cover on-the-job accidents in states that do not require workers’ compensation. For $100 per year, you can cover your entire crew of volunteers for up to $50,000 per accident.

Volunteer Liability Insurance

Volunteers have a willingness to serve, but they make mistakes just like anyone else does. Volunteer liability insurance provides up to $1,000,000 toward legal fees if someone sues your organization over the actions of a volunteer.

Accident Liability Insurance

If your volunteers drive to and from the job site or as part of their duties, accident liability insurance should be a priority in your budget. It covers up to $500,000 in damages a volunteer may cause in an automobile accident.

If your insurance company does not offer dedicated volunteer insurance, find one that does. Taking care of your volunteers and protecting your nonprofit’s financial future can go hand-in-hand if you choose the right coverage options.

 

A responsible nonprofit organization must have nonprofit liability insurance policies designed to safeguard the operation’s critical aspects, including the organization itself and its volunteer workforce.

Managers of nonprofits deal with modest budgets requiring prioritization of insurance purchases. Choices for nonprofit liability insurance involve two primary policy programs: essential coverage and desirable coverage.

1. Essential Insurance

Required insurance policies include:

• Directors and Officers (D&O) Liability Insurance: Upper-level management may be sued for wrongful acts or mismanagement. D&O insurance helps retain top talent by offering shelter from loss of personal assets.
• General Liability Insurance:General liability secures the organization and its employees for bodily injury, property damage and personal injury claims.
• Auto Liability Insurance: Volunteers may use vehicles on assignments, presenting a risk for your organization.
• Workers’ Compensation Insurance: This insurance covers job-related injuries to employees and may be available for volunteers. A customized volunteer accident policy offers additional coverage.

2. Desirable Insurance

Other policies may be beneficial:

• Property Insurance: Property protection covers office equipment that is damaged or destroyed, including furniture and computers.
• Crime Coverage: Theft insurance protects the assets of clients and losses on or off the premises.
• Cyber Liability: Cyber insurance shields against expenses incurred by a breach of personal information data.
• Employment Liability: Employment insurance guards against claims of failure to hire, wrongful termination and discrimination.

Volunteer-based nonprofit groups provide valuable services to our communities. An experienced insurance team understands and specializes in nonprofit organizations. A professionally designed policy protects your organization with nonprofit liability insurance and volunteer risk exposure management services.