An all-in-one insurance policy, designed specifically for the non-profit, includes a business owners policy together with professional liability and abuse and molestation, directors and officers liability, employment practices liability and special events and liquor liability coverage.
Non-profits that service the community through counseling and referrals need these essential forms of coverage because:
- Non-profits that offer counseling services are more prone to professional liability, as well as abuse and molestation claims
- The majority of non-profits have a building or business property exposure
- The cost to defend a claim usually exceeds a non-profit organizations’ yearly financial resources
- It is common practice for a non-profit employee, committee member, volunteer, or client to sue the organization
- More than ninety percent of all associated claims are correlated to Employment Practices
- It is popular among non-profits to host an off-site special event
Lumping the necessary forms of coverage together in one all-encompassing policy from a financially stable insurance source gives the non-profit ease of one application process + one policy + one premium = numerous dependable insurance features that are grouped under one plan at one convenient renewal date.
For more on the Specialty Non-Profit Insurance Package offered by the leading insurance companies at competitive rates, contact Prime Insurance.
PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!
Summary: Lumping essential pieces of coverage together for the non-profit organization under one convenient insurance policy has enormous benefits for the policyholders.