Yes, Your Non-Profit Needs Insurance

What happens if someone attending your non-profit’s fundraiser falls and suffers serious injuries? Or if your organization is sued for a hiring or employment termination decision?

Like for-profit businesses, non-profit organizations face risks and potential liabilities, and insurance is an essential part of risk mitigation for all incorporated non-profits. (If the non-profit is not incorporated, any potential liability falls on the individual(s) who formed and/or run the enterprise.)

There are some risks — and, therefore, insurance coverages and programs — unique to non-profits. No single policy will cover every risk a non-profit could face. It’s important to work with an agent or agency with non-profit insurance experience so that a complete risk assessment can be completed. Then, an independent agent will be able to consider a variety of carriers and options and recommend a package of appropriate policies (at the best possible price) to best safeguard the organization, its employees and directors.

Most non-profits should consider a Non-Profit Directors & Officers Liability Insurance. D&O coverage goes beyond a general liability policy to specifically protect the personal assets of a non-profit’s board members in the event of a lawsuit. Many non-profits and their board members do not realize that they can be held personally liable for the acts of the organization. Non-Profit D&O Liability Insurance covers the cost of defense and settlements of judgements if wrongful act suits are filed against the organization.

There are many coverages geared to insure specific types of non-profit organizations, from supplemental policies that cover abuse to camps and fundraising events. There is no one-size-fits-all policy or coverage program. The first step is to understand the organization’s risks and then develop a package.

If you have concerns about a non-profit you direct, work for, or serve as a board member, contact your local agent today.

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Find A Local Agent

Looking for a trusted insurance partner you can count on? Look no further. Correll Insurance Group is here to serve you as we have served many generations throughout the Carolinas over the past 80 years. Our teams of independent insurance agents look forward to providing competent, competitive, and caring service that’s also convenient for you or your business.

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Citizens Insurance Agency

Anderson, South Carolina
(864) 226-0354
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Lowcountry Insurance Services

Beaufort, SC
(843) 522-2020
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Correll Insurance Group of Bluffton

Bluffton, SC
(888) 668-8082
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Adams, Eaddy & Associates

Columbia, SC
(803) 254-9404
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Correll Insurance Group of Gaffney

Gaffney, SC
(864) 489-5788
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Chandler Insurance

Greenville, SC
(864) 232-1591
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Correll Insurance Group of Hilton Head

Hilton Head Island, SC
(888) 668-8082
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Correll Insurance Group of Inman

Inman, SC
(864) 472-2129
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Landrum Insurance Agency

Landrum, SC
(864) 457-3328
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United Insurance Agency

Laurens, SC
(864) 984-4548
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John T. Cook & Associates – Loris

Loris, SC
(843) 756-7460
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John T. Cook & Associates – Myrtle Beach

Myrtle Beach, SC
(843) 626-9491
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Correll Insurance Group of Rock Hill

Rock Hill, SC
(803) 324-2984
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Correll Insurance Group of Spartanburg

Spartanburg, SC
(864) 583-5445
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Correll Insurance Group of Summerville

Summerville, SC
(843) 486-8711
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Correll Insurance Group of Union

Union, SC
(864) 429-8819
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Jerome and Summey Insurance Agency

Brevard, NC
(828) 884-4161
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Cashiers Insurance Agency

Cashiers, NC
(828) 743-2209
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The Phoenix Company

Winston Salem, NC
(336) 765-9332
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Gardner Associates Insurance

Columbia, SC
(803) 978-2000
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Fields Insurance

Columbia, SC
(803) 708-3775
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Carter Glass Insurance Agency

Raleigh, NC
(919) 747-4673
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