Contents
What Is a Nonprofit?
How to Define Your Mission
How to Choose and Protect Your Nonprofit’s Name
How to Set Up Your Board
How to Write Your Articles of Incorporation
Nonprofit Tax Matters
How to Write Your Bylaws
Nonprofit Management and Operations Issues
Insurance for Your Nonprofit
Nonprofit Fundraising Basics
Nonprofit Publicity Basics
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Insurance for Your Nonprofit
Like all corporations, nonprofit organizations have an obligation to protect their staff, volunteers, and the long-term sustainability of the enterprise by managing risks appropriately. The following table shows several types of insurance that may apply to your nonprofit.
Type of Insurance |
Details |
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Health insurance |
Health insurance is very expensive for small nonprofits to handle. In the beginning, you might opt to provide a policy that covers only major health crises, or you might start with a higher-deductible plan or join a group health insurance plan to defray costs. |
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Workers’ compensation insurance |
State law often requires this coverage, which aids employees who are injured while working on behalf of the nonprofit. It covers medical treatment and sometimes job retraining. Volunteers can also be included in your policy. |
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Liability insurance |
This form of insurance protects you from lawsuits that may arise in the course of business. Various coverage options serve the particular risk profiles of nonprofits. |
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Property insurance |
Natural disasters, theft, and innumerable other threats exist to the physical space and property that your nonprofit rents or owns. Various forms of insurance are available to cover such unfortunate events. |
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Business auto insurance |
Vehicle insurance can protect you and your organization in the event of theft or damage resulting from an accident. |
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Fidelity bonds |
This insurance protects you against embezzlement and other crimes perpetrated by employees. |
| Acknowledgments & Disclaimer |
