Full Armor Insurance Services, LLC
There are many types of insurance for nonprofits. Here are some common types of nonprofit insurance. Keep in mind this is a list of the different types. Because every nonprofit is different, we can help you determine which coverage best fits your needs.
-General Liability Insurance protects against injury and property damage to third parties. This can include visitors, customers, suppliers or associates. Employees are often covered separately by worker’s compensation.
-Property Insurance protects your assets in the event of a fire, disaster or vandalism. These assets can include the building, fixtures, equipment, machinery, furniture, computers, inventory and supplies.
-Auto Insurance covers injuries from an accident involving your staff or volunteers using any car, including their own, for nonprofit activities.
-Product Liability Insurance protects your nonprofit in the event of a lawsuit claiming your product is unsafe or defective.
-Directors & Officers Insurance protects the members of your board of directors and your officers in the event of a lawsuit alleging fraud or financial mismanagement.
-Professional Liability Insurance protects against claims of mismanagement and workplace incidents like discrimination or sexual harassment.
-Workers Compensation Insurance compensates employees for medical expenses and lost wages after an on-the-job injury.