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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 Texas Risk Solutions 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

Texas Risk Solutions

790 S. Castell Ave
New Braunfels, TX 78130
Main office: 210-585-2860
Fax: 888-794-0361

Office Hours:

Mon: 8:30 AM - 4:30 PM
Tues: 8:30 AM - 4:30 PM
Wed: 8:30 AM - 4:30 PM
Thurs: 8:30 AM - 4:30 PM
Fri: 8:30 AM - 4:30 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

TeraVolt Energy (www.tvnrg.com) is a leading developer of commercial and utility scale solar energy projects in Texas, and is a broker of electricity in deregulated areas of Texas. We chose Texas Risk Solutions for our insurance needs, initially, because they fully understood our unique business model and were able to match our operation to the best risk solutions available. We also prefer to deal with companies that meet our high standards for professionalism and integrity. We have stayed with Texas Risk Solutions because we have found them to be all that we expected and more---they are one of the most customer oriented insurance companies I've had the pleasure of working with. I would give them a definite 10+. James A, "Hoss" Boyd, LtCol (Retired) President and CEO TeraVolt Energy Inc
- James "Hoss" Boyd
I want to take a moment to tell you how happy I am with the service you guys provide. I was pretty cynical going into this based on my past experiences. You have not only raised my expectations you have even exceeded those you raised. Your quick responses and optimistic attitude have just been a pleasure to experience. Ashley has been a great asset to me as I can send it and forget it with her; She has been amazing to work with. Last but not least, the Christmas Gift. I have gotten used to a stupid paper calendar from my insurance agents in the past but again you have raised the bar beyond expectation. My wife is now a candied pecan addict and I have you to thank for it. I hope you and your team have a Blessed and Merry Christmas!! I look forward to many years together as we grow. Thanks, Trey King GPS Roof Leak Repair
- Trey King