nON-PROFIT insurance

Work with an independent insurance agency that understands your organization and has a unique corporate mission that embraces charitable giving! Goodworks Insurance has the ability to create a package of insurance uniquely designed to fulfill a wide range of special insurance needs for the non-profit sector as defined under IRS Code 501(c)3.  Because of the wide-ranging area of need in this category, each policy is custom tailored to address each insured’s unique exposures.  We are able to secure separate limits of General Liability, Professional Liability, and Abuse & Molestation coverage, if needed.  In addition, our insurance companies are able to offer a separate Directors & Officers policy. 

Coverage Considerations

In deciding what the insurance needs are for your nonprofit organization, consider the following:  Almost all of the insurance claims (about 90%) reported by nonprofit organizations are accidents and injuries related to automobiles or slips, trips and falls at nonprofit locations and special events. Interestingly, though, these 90 percent of incidents actually result in only 65 percent of dollars paid out in claims because while slip-and-falls tend to be fairly common, they are usually not large claims involving prolonged litigation. The other 10 percent of claims result from allegations of improper employment practices, professional errors and omissions, or any other “wrongful acts” carried out by a board member.  While less frequent, these tend to be more difficult and expensive claims to resolve and account for 35 percent of claims dollars paid.  Generally speaking, claims for bodily injury (slip & falls) and property damage are covered with a General Liability policy while claims for non-bodily injury (like discrimination and termination) are covered by a Directors and Officers (D&O) policy.

You should also consider "non-owned/hired" auto insurance (a separate coverage endorsement), in case an employee or volunteer is involved in an auto accident while carrying out a duty of your organization and their personal insurance is inadequate.   

 Coverage Highlights

Some of the specialized coverage details for your non-profit of social service group include:

 General Liability:

• Limits up to $1 million per occurance/$3 million aggregate
• Empoyees and volunteers as Additioanal Insured
• Abuse and Molestation coverage
• Personal and Advertising injury liability
• Premises liability
• Employee benefits liability
• Coverage for fundraising events
• Medical payments for volunteers included

 Directors & Officers Liability:

• Defense costs outside of limit of liability
• Most favorable wording for punitive, multiple or exemplary damages

 Property:

• Replacement cost on buildings and contents
• Business income and extra expense coverage
• Equipment breakdown
• Special causes of loss form
• Backup of sewer and drain coverage
• Glass/sign coverage- no limitation

 Business Automobile:

• Limits of liability up to $1 million
• 15 passenger vans and buses covered
• Owned, hired, and non-owned coverage available
• Optional towing and rental reimbursement

 Umbrella/Excess Liability:

• Large excess limits available

 Other special coverages applicable to the childcare business:

• Separate Professional Liability coverage part
• Crime & fidelity- employee theft, forgery
• Crisis management expense
• Workplace violence counseling expense

Please call or email our Non-Profit Insurance specialist, Paul Brian for more information at pbrian@goodworksinsurance.com

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