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The following are common insurance coverages most social service and non-profit organizations carry. Contact us today so we may evaluate your insurance needs!
“By failing to prepare, you are preparing to fail” – Benjamin Franklin
Insurance should be viewed as part of your risk management program. There is no single insurance policy that will address every risk within your organization. The following is a summary of some of the coverages organizations should consider consult with your attorney.
Directors & Officers Liability
Employment Practice Liability
Crime Employee Dishonesty
Non Owned Auto (include employees & volunteers?)
Errors & Omissions
Employees & Volunteers?
Abuse & Molestation
Employee vs. Independent Contractor?
Improvements & Betterments
Earthquake & Flood
Non Owned Auto
Owners & Contractors Protective
Are Volunteers Included?
Policies available as stand-alone or as part of another liability policy.
No “standard” coverage
Caution: Most policies will not provide coverage for independent contractors and vendors! Make sure your “staff” is properly classified and review your policies with your attorney. All Independent contractors and vendors should provide proof of the their own insurance coverages. If Independent contractors or vendors do not carry their own insurance, we recommend you consult with your attorney.
Insurance Summary For Most Non Profits
The following are some quick tips regarding insurance coverages:
Note that you are sharing your liability limits with any “Additional Insured”. Make sure that you carry high enough limits to protect your organization. Make sure that your liability policy is in compliance with your lease and other contracts. Have your attorney review your insurance coverages for compliance.
Special Events should be reported to your insurance broker. If you are selling or serving alcohol, make sure to discuss liquor liability coverage with your insurance broker. Most Special Event coverages do not insure independent contractors. All independent contractors (i.e. caterers, entertainment, security, etc.) must provide your organization with proof of their liability insurance and add your organization as an additional insured. Note that many insurance carriers will not insure trampolines or Bounce Houses. Therefore, make sure the vendor provides your organization with the appropriate liability coverage.
Be prepared for a catastrophic liability loss with a commercial umbrella policy. Discuss with your attorney the appropriate liability limits to protect your organization. If possible, see if the umbrella carrier will also include coverage for your Business Automobile, Non Owned Automobile, Employee Benefits Liability, Professional Liability and Abuse & Molestation Coverage.
Most standard General Liability policies will exclude Abuse & Molestation coverage. Many specialty insurance programs will provide Abuse & Molestation coverage as a separate policy or in combination with your liability or business package. There is no “standard” insurance form. We recommend that organizations providing counseling/mentoring services or working with seniors, youth or the developmental disabled should carry Abuse & Molestation Coverage. Discuss this coverage and exposure with your attorney.
D & O / EPLI
D&O involves management liability coverage and protects the board of directors from “wrongful acts”
EPLI protects against employee related allegations for discrimination, wrongful termination, harassment and failure to hire or promote.
There is no “standard” D&O/EPLI policy form. Focus on the following coverages:
– Defense outside the policy limits
– Duty to Defend
– Coverage extends to third-party Harassment
– Broad definition of insured
– Broad Employment Practices Liability coverage.
- If possible obtain a defense sublimit for wage and hour
Reminder: Every business and nonprofit should carry EPLI Coverage to protect against employee-related lawsuits. Be Prepared!
Nonprofits should protect their board of directors against D&O, EPLI and Fiduciary Liability claims. Don’t assume that your general liability or professional liability will cover your operations for employment releated claims (i.e., wrongful termination). Be prepared!