The non-profit sector is the backbone of many communities, providing vital services and tackling critical issues. But even the most well-intentioned organizations can face unexpected risks. Not-for-profit insurance is designed to safeguard your mission and volunteers from financial hardship in the event of an accident, lawsuit, or other unforeseen circumstances.
Here's how this specialized insurance empowers non-profits to continue their good work with peace of mind.
The Numbers Don't Lie
According to Independent Sector, a national coalition of charities and foundations, there are over 1.5 million non-profit organizations in the United States alone. These organizations employ nearly 12 million workers and generate over $10 trillion in annual revenue. This vast network plays a crucial role in society, but it also operates in a world of inherent risks.
Non-Profit Sector Statistics | Source |
---|---|
Number of Non-Profits in the US | Independent Sector |
Employees in the Non-Profit Sector | Independent Sector |
Annual Revenue of Non-Profits | Independent Sector |
Understanding Your Risks: A Proactive Approach
Not-for-profits face a unique set of risks compared to for-profit businesses. Here's a breakdown of some common coverage areas within not-for-profit insurance:
Coverage Type | Description |
---|---|
General Liability | Protects against claims of bodily injury or property damage to third parties arising from your organization's activities. |
Directors & Officers (D&O) | Shields board members and officers from personal liability for alleged mismanagement or wrongful acts. |
Employment Practices Liability (EPL) | Covers lawsuits alleging discrimination, wrongful termination, or other employment-related issues. |
Fidelity & Crime | Provides financial protection against employee theft, fraud, or forgery. |
Cyber Liability | Safeguards your organization from data breaches, cyberattacks, and other digital threats. |
Success Stories: Real-World Examples
Here's how not-for-profit insurance has helped real organizations navigate challenging situations:
These are just a few examples of how not-for-profit insurance can make a world of difference. Don't wait for disaster to strike – secure the right coverage today and ensure your mission continues to thrive.
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