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Comprehensive Non-Profit Insurance Program: LMBF Solutions

Many organization operators fail to understand the importance of a comprehensive non-profit insurance program for their charity or fundraiser. After all, commercial policies are only for businesses that generate revenue, right? Well - in the majority of cases, yes, but for non-profit organizations, it is still critical to carry insurance because anything could happen. That could be a lawsuit alleging your organization has caused negligence, property damage, bodily injury, and so forth. Your group has worked hard to get where it’s at. Protect your assets and future contributions with non-profit insurance from LMBF.

What Non-Profit Insurance Covers

Liability

Liability

CGL, event liability, and even directors’ and officers’ liability insurance are all integral liability coverage options for a non-profit organization. Why? Because non-profit organizations can still be the victim of a potential lawsuit if they aren’t being careful - and even if they are. Any organization can be held responsible for injuries and losses.

Property Insurance

Property Insurance

Property insurance for non-profit organizations protects your charity or group’s physical assets. This may include the physical premises that your non-profit operates out of, in addition to its vital equipment - such as its computers, its electronics, its furniture, and so forth. In the event your non-profit manufactures a product, your property insurance may cover inventory.

Interruptions

Interruptions

Business interruption insurance is optional to include with your non-profit insurance program, but it is vital to ensuring you can continue operations following a loss that stalls your organization. It may cover ongoing costs during a period of downtime as a result of an insurable loss, such as a fire or break-in.

  What non-profit insurance covers
  • Liability claims
  • Property loss
  • Theft and vandalism
  • Allegations of mismanagement
  What non-profit insurance excludes
  • Criminal activity
  • Undisclosed business activity
  • Wear-and-tear damages
  • Earthquake & flooding without endorsement

Why buy non-profit insurance?

Why buy non-profit insurance? Isn’t insurance only for protecting your business that generates revenue? Just think: your home doesn’t necessarily generate revenue, but it’s worth protecting with an insurance policy because of its overall value. To you, your non-profit is an investment worth protecting due to the work you’ve put in, the time, the effort, and so much more. A not-for-profit organization needs insurance just like any other enterprise.

Types of Non-Profit Insurance Products

While we sincerely hope you will never have to make a claim, sometimes things happen. This could be damage to your organization’s physical premises, lawsuits and legal expenses, and so on. It helps to know that, in the event something does occur, you already know that you can call up your insurance company and submit a claim. Having a basic knowledge of your coverage is a good idea beforehand; every non-profit insurance program may look different. See samplings of the various coverage options that may be available to you, detailed below.
Property Insurance

Commercial property

  • Physical property
  • Stored belongings
  • Contents
More info
Professional Liability Insurance

Professional liability

  • Negligence
  • Misinformation
  • Omissions
More info
Commercial Auto Insurance

Commercial auto insurance

  • Collision
  • Comprehensive
  • Liability
More info
Business Interruption Insurance

Business interruption

  • Ongoing wages
  • Employee payroll
  • Bills
  • Rent
More info
Commercial General Liability Insurance

Commercial general liability

  • Bodily injury
  • Advertising injury
  • Property damage
More info
Cyber Insurance

Cyber liability

  • Data breach
  • Restoration costs
  • Liability
More info
Umbrella Insurance

Umbrella insurance

  • Extended liability
  • Advertising injury
  • Bodily injury
  • Property damage
More info
Equipment Breakdown Coverage

Equipment breakdown

  • Unexpected breakdown
  • Machinery
  • Boilers
More info
Directors and Officers Liability Insurance

Workers’ compensation

  • Healthcare costs
  • Treatment
  • Medical bills
More info
Crime Insurance

Crime insurance

  • Fraud
  • Dishonest actions
  • Reputational injury
More info
Risk Management

Risk management

  • Strategies
  • Risk reduction
  • Mitigation
More info

Our Non-Profit Insurance Partners

Whatever cause your non-profit supports, we believe that you do an important service. Your non-profit organization may have very different needs than the next one over. LMBF is confident that, thanks to its selection of some of the top non-profit insurance carriers around, it can help you find the unique coverage plan that you require to be sufficiently insured. Not convinced? Apply for a free non-profit insurance quote today to see how affordable coverage can be.

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Want to Get Started on Your Non-Profit Insurance? Start with a Non-Profit Insurance Quote.

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Non-Profit Insurance Program: Frequently Asked Questions

A: It depends. What does your non-profit do? What services does it offer? Does it host events? Your coverage needs would be best discussed with an expert broker, like the ones at LMBF. If you have any questions, don’t hesitate to contact us to discuss your needs.

A: Assuming your organization operates out of a physical premises or has some semblance of an inventory, it is highly recommended that you purchase property insurance as part of your non-profit insurance program. This can protect your business from physical perils, like fire, loss, theft, vandalism, and so on.

A: Errors and omissions insurance may benefit some non-profits - especially those with a board of directors that assume their directors’ and officers’ liability insurance will cover all claims. Errors and omissions can cover errors in marketing resulting in misinformation, libel and slander, harassment claims, and more.

A: A lot of non-profit expenses, if not all for some organizations are exempt from paying income tax. Words

A: Short answer: probably yes. Directors’ and officers’ insurance is critical for non-profit organizations to protect their current, past, and even future board members. If your non-profit utilizes a board or advisory, this insurance is critical to protecting its crucial members from liability claims - even if they are no longer with your organization.

A: The cost of your non-profit insurance program is largely dependent on the way your organization runs. What is its training and experience? What are the services provided or products distributed and/or manufactured? Where is its location and what is its size? Non-profit insurance is calculated a little differently than a regular insurance policy, in part due to the fact that there is no revenue being generated.