The Ins and Outs of Volunteer Liability Insurance

The Ins and Outs of Volunteer Liability Insurance

Volunteer Liability Insurance

If you own a nonprofit organization, it is important that you run the organization in a way that carries out your mission without creating additional risks for yourself or your organization.  Just like how businesses need insurance to properly protect themselves, so do nonprofit organizations.  There are a number of types of volunteer liability insurance coverage available.

General Nonprofit Liability Insurance

This type of coverage protects your nonprofit against claims made that pertain to bodily injury and property damage that occur on your premises, from your operations, or from your products.

Volunteer Liability

Sometimes there are gaps in a general nonprofit liability insurance policy.  Because of this, it can often be smart to get a separate policy for volunteer liability.  Since this plan covers things that fall outside typical liability limits, you want it to provide up to $1 million in protection.

D&O Liability Insurance

Directors & Officers liability insurance or D&O insurance provides coverage for the directors and officers of your nonprofit organization.  Directors and officers are always at risk of being sued for either wrongful acts or even mismanagement of the nonprofit.  Having D&O coverage can provide protection in case this occurs.

Running a nonprofit comes with many of the same risks that business owners face.  Having a good volunteer liability insurance plan can make all the difference!