Nonprofit Insurance
Running a nonprofit organization requires dedication and passion, but it also involves facing unique risks. At Baldon Insurance Group, we understand these challenges and offer insurance solutions to ensure your 501(c)(3) can continue making a difference. Our nonprofit insurance provides the necessary protection to keep your organization running smoothly and securely.
What Kind of Insurance Does a Nonprofit Need?
Nonprofit insurance helps protect 501(c)(3) organizations from risks and claims that may arise during their operations. Each nonprofit has unique needs, so it’s essential to have the right coverage. Many nonprofits start with a Business Owner’s Policy (BOP), which includes three essential coverages:
- General Liability Insurance: Covers claims that your nonprofit caused bodily injury or property damage.
- Commercial Property Insurance: Protects the owned or rented building, tools, equipment, and inventory used to operate your nonprofit.
- Business Income Insurance: Replaces lost income if you can’t operate your nonprofit due to covered property damage.
Additional coverage options to consider:
- Commercial Auto Insurance: Protects you and your employees on the road if you drive a company-owned vehicle for business.
- Data Breach Insurance: Helps your nonprofit respond to a breach if personally identifiable information (PII) gets lost or stolen.
Who Needs Nonprofit Insurance?
Nonprofit insurance is essential for various types of organizations, including:
- Trade nonprofit associations
- Business nonprofit associations
- Professional nonprofit associations
- Alumni nonprofit associations
- Charitable foundations
- Civic nonprofit associations
- Political clubs
- Recreation clubs
Protecting Your Nonprofit Organization Property
Having the right kind of nonprofit insurance can help you respond and recover from disasters, ensuring your organization’s continuity.
Stolen Furniture
Commercial Property Insurance can help cover the costs to repair or replace damaged or stolen equipment and tools used to operate your nonprofit.
Fire Damage
Business Income Insurance can help replace lost income if you can’t operate your nonprofit due to covered property damage. It helps pay for ongoing expenses, like rent, bills, and payroll.
Protecting Your Nonprofit Team
Your employees are vital to your nonprofit’s success. With nonprofit insurance, you can help them if they get hurt or sick from their job.
Covering Your Nonprofit Operations
To continue making a difference, you need business insurance that will keep you protected. Finding an insurance company that understands your needs and offers the right nonprofit insurance can make all the difference.
Stolen Client Data
Data Breach Insurance can help your nonprofit respond to a breach if personally identifiable information gets lost or stolen. Some insurers refer to this coverage as cyber liability insurance.
Customer Injury
General Liability Coverage helps protect your nonprofit from claims that it caused bodily injury or property damage to someone else.
