As a non-profit, your entire basis is founded on providing a service or benefits to a community with no profit-earning intentions. You put yourself at risk of spending your funds without any gain, yet unfortunate incidents can happen without notice.

Non-profit Insurance coverage ensures you are not vulnerable to risk exposures such as legal trouble or property losses. Anything from your product, services, and property to professional liabilities can be covered under a Non-Profit Insurance policy.

Non-Profit Insurance coverage is critical to ensure you can continue to accomplish your mission and operate smoothly without financial or legal trouble. It will not only safeguard you from oversights and accidents, but it can act as a cushion against time-consuming legal battles just like revenue generating businesses and corporations.

Non-profit organizations can encounter lawsuits from donors, volunteers, government regulators, or employees. When non-profits fail to secure themselves, they succumb to staggering financial losses and struggle to recover, leaving their constituents or the people they help without access to critical services.

In addition, hands-on organizations are common litigation targets of third parties and volunteers, as they work with volunteers, the community, and partners in various locations. More moving parts mean greater chances of accident occurring to people and the property. Having the right coverage will cover your legal fees and any damage awards in case of incidents.

Depending on the type of non-profit you run and your unique services, Non-Profit Insurance can cover your organizational needs. Everything from saving you from injury claims, and lawsuits, to protecting your assets and shielding you from unfortunate accidents. Coverages include:

• Directors and Officers Liability (D&O): Running and making decisions for organizations and charities comes with risks and responsibilities. Get protection for your directors and officers and retain top talent.
• Commercial General Liability (CGL): CGL covers bodily injury, personal injury, and property damage by your non-profit work and employees. If your organization is involved in a lawsuit, CGL will cover your legal costs.
• Business Contents: Get up to $250,000 limits for your content coverage including laptops, desks, and other office contents.
• Business Interruption: This coverage reimburses you for lost income when your organization operations halt due to unexpected events.

All these coverage options will add layers of protection, so you can run your operations smoothly and never have to worry about anything but your commitment to your cause.

Canadian Non-profit and charity organizations need Non-Profit Insurance to cover against risks and negligence. Eligible businesses and organizations include:

• Bingo Hall
• Botanical Gardens
• Community Centres and Organizations
• Foundation
• Health, Disability Associations, Societies (Red Cross, Addiction Work, etc.)
• Historical Society
• Research/Development Institute
• Social Welfare Organization,
• And more.

The Non-Profit Insurance cost can vary based on factors including:

• Annual and Projected Revenue
• Applicant Details
• Claims History
• Number of Employees
• Policy Terms and Limits
• Specified Coverage
• and more

Complete your online application and get a free quote within minutes! It does not cost anything or require you to proceed with the coverage once a quote is provided.

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Non-profit organizations can always benefit from having Directors and Officers Insurance. This policy can offer liability coverage for the organization decision-makers, protecting them from any claims that may transpire from their actions and decisions by third parties for alleged misconduct. The D&O insurance will cover defense costs and settlements from these claims without requiring out-of-pocket payment by the organization.

With the current legal system, a non-profit can encounter high risk of litigation and liabilities that can destroy its reputation and hinder operations.  Lawsuits can be financially damaging, so D&O Insurance can help with any associated costs. Not only does it help costs associated with the organization, it also helps with protecting the individual directors and officers from personal liability. Without D&O Insurance, no one will want to sit on your board if they are personally at risk. Everyone wants to do good but nobody wants to lose their house in the process.

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In fact, yes! A common myth is that non-profits do not need it as they do not make a profit. However, they still have revenue and expenses. Ensure that your organization has business interruption coverage, so your business revenue is protected no matter what happens.