Non-Profit Insurance
Essential Insurance Coverage for Non-Profit Organizations in Connecticut
Understanding what types of insurance are critical for your non profit operation can be a daunting task, but with this comprehensive outline, we’ll provide you with the information needed to protect your organization against various risks and liabilities.
Essential Insurance Types for Non-Profits in Connecticut
What It Covers: Bodily injury, personal injury, and property damage claims.
Recommended Minimum Coverage: $1,000,000 combined single limit per occurrence.
Why It’s Important: Protects your organization against claims that could arise from your operations or premises.
What It Covers: Work-related injuries or illnesses affecting employees.
Requirements in Connecticut: Statutory requirement with a minimum coverage including $100,000 for each accident, and $500,000 for Disease – Policy limit.
Why It’s Important: Ensures compliance with state laws and protects your employees and organization.
What It Covers: Personal liability of board members and officers.
Recommended Minimum Coverage: $1,000,000 per occurrence limit.
Why It’s Important: Safeguards the personal assets of your organization’s leadership and encourages confident decision-making.
What It Covers: Damage to owned or rented buildings, equipment, and inventory.
Why It’s Important: Protects the physical assets of your organization from unforeseen events.
What It Covers: Liability claims from use of vehicles, including owned, hired, and non-owned vehicles.
Recommended Minimum Coverage: $1,000,000 combined single limit per accident.
Why It’s Important: Essential if your organization uses vehicles for operational purposes.
What It Covers: Claims of negligence or failure to perform professional duties.
Why It’s Important: Protects against legal action from professional services provided or failed to be provided.
What It Covers: Responses to breaches of personally identifiable information.
Why It’s Important: Essential in today’s digital world, protecting against cyber threats and data breaches.
What It Covers: Claims related to employment issues like discrimination or wrongful termination.
Why It’s Important: Safeguards your organization in an era of increasing employment-related lawsuits.
What It Covers: Replacement of lost income due to covered property damage preventing operation.
Why It’s Important: Helps your organization stay afloat financially during difficult times.
What It Covers: Covers Employee Dishonesty and Forgery/Alteration.
Recommended Minimum Coverage: $100,000 limit.
Why It’s Important: Protects against losses from criminal acts such as theft or fraud by employees.
Ready to Safeguard Your Non-Profit's Future?
Don’t let unforeseen circumstances threaten the valuable work you do. Navigating through the various insurance requirements and options can be overwhelming, but you don’t have to do it alone. Connect with our team of dedicated insurance experts who specialize in non-profit organizations. We understand the unique challenges you face and are ready to assist you in crafting the perfect insurance plan tailored to your organization’s needs.
Act Now to Protect Your Mission
Contact Us Today
Reach out for a comprehensive insurance assessment and find peace of mind knowing you’re protected.
Get a Customized Plan
Allow us to create an insurance strategy that fits your non-profit’s size, activities, and specific risks.
Join a Community of Protected Non-Profits
Become part of a network of responsible organizations that prioritize robust insurance coverage.
