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Non-Profit Insurance

All modern businesses require some form of insurance related to their specialized industry, and non-profit businesses are not different. Just because your company isn't focused on making profits does not mean it doesn’t require business insurance. In fact, non-profit companies can face unique risks. As noted by Risk Management, many nonprofits lack Directors and Officers Liability Insurance, which helps protect board members from personal liability if a lawsuit is brought against the non-profit.

Board members aren't the only ones at risk. If your non-profit's funds are drained, it can be hard to continue your normal operations until you can acquire more funding. Donors may be hesitant to continue supporting any non-profit that's fallen into legal or financial trouble.

Not-Profit Insurance Features

Common choices for non-profit insurance coverage include:

  • Property Insurance: Whether a non-profit owns or leases the property it uses, the property itself often plays a vital role in the non-profit’s operation. Damaged or destroyed property could prove catastrophic for a non-profit’s operations.
  • Fidelity Insurance: Unfortunately, some employees take advantage of their position and embezzle funds. This part of non-profit insurance provides coverage in the event of such losses.
  • Commercial Auto Insurance: For non-profits that rely on vehicles to transport goods or employees, ask about commercial auto insurance coverage, freight, and/or cargo insurance for businesses that transport high volumes of goods.
  • Accident Insurance: Many non-profits work closely helping people in their communities. Unfortunately, both employees and customers can be vulnerable to falls and other injuries. It's important to have coverage in the event that they're hurt.

This list is not exhaustive. Just like for-profit businesses, non-profits can engage in many different types of work. There is no single policy that's capable of covering every area of concern. Before buying any kind of non-profit insurance, talk to a Tripp & Associates Insurance Agency agent about what your organization does, where it operates, and what sort of risks you might be exposed to. We'll work with you to find the best possible plan for your needs and your budget.

Requirements for Non Profits

Before you're offered coverage, you may be asked to provide some of your records. This may include a list of any legal claims your organization has faced in the past and any hazardous behaviors the company engages in (no matter how charitable those behaviors are). This helps with our risk-assessment process and ensures that the policies we offer are enough to protect your organization in the event that one or more of them is needed.

 

1. Trefry, John. "Nonprofit Management Faces Liability Risks." Risk Management. September 1, 2014. Accessed April 14, 2016. http://www.rmmagazine.com/2014/09/01/nonprofit-management-faces-liability-risks/.

Our Location

Tripp & Associates Insurance Agency

406 E Winona Avenue
Warsaw, IN 46580
Main office: 574-269-3500
Toll free: 800-407-4247
Fax: 574-269-4363

Our Providers

Testimonials

We have been very happy with the staff at Tripp & Associates. They have always been very courteous and helpful when we have had questions.

Frank & Deb Sapper
Your staff is very courteous, helpful and prompt. I really appreciate your agency.

Chris & Lisa Reed
After my first visit, they knew me by name and were very helpful in filing bills and answering questions.

Ronald & Deborah Hudson
I was very pleased with how quickly and hassle-free everything was handled.

Gene & Sue Swank
Whenever we called we never felt that we were being a pest. The staff was always willing to help.

Gary & Bonnie Nieter
All of the staff conducted themselves in a manner that indicated that they wanted to help. I've been with your agency for over 20 years now and I've been nothing but satisfied the whole time.

Jonathan Scripture
The staff is always courteous, helpful and very knowledgeable.

George & Martha Klinger
The staff was very courteous and helpful. The claims adjuster was courteous and prompt. The insurance agent was very helpful and called numerous times to make sure everything was going fine with our claim.

Larry Elkins
One phone call to the toll free claim number and a service man showed up at my brothers home and did the necessary repairs to my motorhome. Very efficient and great service. Thanks!

Thomas & Patricia Flees
Woody is always helpful in educating me on all my insurance needs. I feel comfortable that I have the right coverage without being under or over-insured.

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I was very impressed and pleased with the whole claims process. Our claims adjuster was very efficient. I didn't feel as though we had to cut through a lot of red tape, which was a pleasant surprise.

Lake Side Family Dentistry