Insurance for Associations and Nonprofit Organizations

Associations and nonprofit organizations face a variety of risks daily. At Baldon Insurance Group, we understand these challenges and offer thoughtful insurance solutions to protect your organization. From property coverage to cyber liability, our comprehensive packages are designed to meet the unique needs of associations and nonprofits.

Why Associations Need Professional Liability Insurance

Associations and nonprofits are exposed to numerous risks, including unexpected lawsuits from donors, clients, suppliers, competitors, creditors, and government agencies. Professional liability insurance is essential to safeguard your organization against these potential threats.

Recommended Coverage for Associations and Nonprofit Businesses

Property Coverage

Property coverage helps protect the physical assets of your association, including equipment, inventory, furniture, and fixtures. This coverage can be customized to address specific needs, such as:

  • Electronic Data Processing: Coverage for when the association is unable to process electronic data.
  • Utility Service Interruptions: Compensation for income loss due to utility service interruptions.
  • Transmission Line Damage: Protection against loss from damaged transmission lines affecting member transactions.

General Liability Coverage

Our general liability policy covers property damage, including damage to rented properties, and accidents related to managing an association. This policy also protects the association’s assets if sued for:

  • Negligence
  • Personal injury
  • Libel and slander
  • Errors and omissions
  • Misrepresentation in advertising

Employees are automatically covered, and the policy can be extended to cover others as needed.

Management Liability Coverage

Management liability protection is crucial for nonprofit organizations. Our offerings can include:

  • Directors, Officers and Entity Liability Coverage (D&O): Protects the organization, directors, officers, and certain others against loss arising from daily operations and management.
  • Employment Practices Liability Coverage (EPL): Covers damages and defense costs from employment-related disputes, such as discrimination, sexual harassment, and wrongful termination.
  • Fiduciary Coverage: Covers employee claims related to the design, administration, and maintenance of employee benefit plans.
  • Crime Coverage: Protects against loss from employee theft, computer fraud, and similar crimes.
  • Kidnap & Ransom Coverage (K&R): Covers financial losses due to kidnap and ransom/extortion, both domestically and abroad.

Cyber Liability

Our cybersecurity solutions protect associations and nonprofit organizations from a wide range of third-party liability and first-party risks associated with data privacy and network security breaches. This includes protection against hacking, malicious software, rogue employees, hardware theft, and employee error.

Additional Solutions for Associations and Nonprofit Businesses

Workers’ Compensation Insurance

Our workers’ compensation insurance can offer pay-as-you-go premium payments based on actual monthly payroll figures. This helps associations and nonprofits manage cash flow fluctuations and minimize audit adjustments at no extra cost.

Commercial Auto Coverage

Commercial auto coverage helps protect the vehicles your association owns, leases, rents, or borrows. This includes:

  • Coverage for electronic equipment in vehicles
  • Lease and loan gaps
  • Specialized services to improve driver safety

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