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Insurance Coverage

Protect Your Nonprofit With General Liability Insurance

You may feel that paying for an insurance policy would place an unnecessary financial burden on your nonprofit’s limited resources. However, not doing so puts your organization and its mission at risk. This particularly applies to organizations that work with the public. No matter how careful you, your staff and volunteers may be, accidents can easily occur, and these can lead to costly claims which can put an end to the good work you do.

What Is Covered Under the Policy?

Nonprofit general liability coverage is comprehensive insurance. It will cover claims of:

  • Third party bodily injury
  • Third party property damage
  • Slander, defamation or copyright infringement

Typically, the policy will pay all the associated costs, such as legal fees, medical bills, court-ordered judgements and settlements.

What Is the Difference Between Claims-Made and Occurrence Policies?

It is important to note that general liability insurance for nonprofits can be purchased as either claims-made or occurrence policies. As the name indicates, a claims-made policy only covers incidents which occur and are filed during the life of the policy. An occurrence policy, on the other hand, provides coverage for all incidents which occur during the life of the policy, even if they are filed after it has lapsed.

Your nonprofit provides an important service to your community. Make sure that it continues to do so by investing in general liability insurance.