The Importance of Insurance for a Non Profit Organization
At Schumacher Insurance, we provide needs for all sorts of businesses and organizations, including nonprofits. You might think that such a group doesn’t need coverage, but in fact, insurance for nonprofit organizations is important. They are not immune from risks and need protection like other businesses and ventures.
Nonprofit organizations are noble groups who do good in the community and are charitable. However, this does not make them immune from lawsuits. They can be sued, and what’s more, most states don’t protect nonprofits from lawsuit risks. These organizations are vulnerable to lawsuits and a general liability policy doesn’t do enough to protect nonprofits.
Fortunately, Schumacher Insurance can help. There are different areas of insurance offered.
- First is property insurance. If a nonprofit owns or rents real estate, this covers the property. You can also get protection from burglary and data loss.
- There is also liability insurance. Should someone wind up injured, the organization can be protected from a potential lawsuit.
- There is also insurance for vehicles used in the organization. In the case of an accident, the organization has coverage.
Insurance for nonprofit organizations is the smart way to go. It gives the people working there peace of mind and assurance so they can carry out the mission and make the world a better place. All businesses, including charitable ones, come with some risk. Knowing what options you have makes an organization stronger.
Talk with an agent about coverage options and get protection for the people and assets. The ones at Schumacher Insurance will gladly assist in helping a nonprofit find the right insurance plans. They will answer questions and teach about risks. Lawsuits happen all too often, but knowing the risks will help you navigate through challenges.
For more information on Schumacher Insurance, contact us online.