Your Guide to Nonprofit Insurance in Sacramento, CA

photo-1453945619913-79ec89a82c51Nonprofits, like any other organization, need nonprofit insurance in Sacramento, CA to protect them from the unexpected. Unlike other organizations, money can be tight. So how does a nonprofit go about this?

Nonprofit board members don’t think nonprofit insurance in Sacramento, CA for the organization is necessary because they believe that their organization is immune to disaster. This mindset changes immediately after an incident occurs, but by then it is too late. Avoid these preventable nonprofit disasters with the right insurance policies for your organization. Money can be tight for most nonprofits, so how does one start down the path towards the right insurance coverage for their organization? Here are commonly asked questions you should know the answers to.
Q: What are the most common claims against nonprofits?
A: Nearly all nonprofits report the most popular claim is due to accidents and injuries due to slips, falls, trips, and auto accidents. Thankfully, many of these claims are not so large that they involve prolonged litigation.
Q: So what insurance policies do nonprofits need?
A: There are a few policies that all nonprofit organization require to be financially protected against the unexpected. This includes:

  • Directors & Officers insurance
  • General liability
  • Worker’s compensation
  • Property insurance
  • Commercial auto insurance

Q: How much insurance should nonprofits get?
A: Unfortunately, there is no easy answer. What may be enough for one organization may not be for another. This lack of a straight answer is why you need an insurance agent who can best assess your need,s and provide you with multiple quotes that are right for your nonprofit.
Q: What is Directors and Officers (D&O) Insurance?
A: This protects the board members from any lawsuits that they face. These lawsuits could be for harassment, wrongful termination, and any other things that are allegedly at the fault of the board members.
Your nonprofit organization stands for something that you and your employees believe in. Real change is slow, and it takes people with the courage to see it all the way through. Don’t let an unexpected expense take that away from you. Contact Purves & Associates Insurance Services, serving Davis, Sacramento, and surrounding Northern California areas. We can help with all of your nonprofit business insurance needs to keep you and your organization protected.