Insurance for Non-Profits
When it comes to insurance protections for non-profit entities, the first thing to understand is that they are non-profit. While the organization might be similar to an ordinary for-profit business, the budgetary constraints could be even more stringent – and the penalty for exceeding those constraints could be an inability to do your job.
Whether your goal is social, political, medical, religious, scientific, sporting, foundational or other, our goal is to provide you with the right kinds of insurance, at the right coverages, within your budget.
There are other essential differences between a for-profit and a non-profit. For example, a non-profits board of directors may be volunteers, but they could be named in a lawsuit for fraud or financial malfeasance and therefore be personally financially accountable. There is protection available for such an event. Also, if you provide or sell a product in the course of your non-profit’s work, you should be protected against any damages that product causes, along with any resulting litigation.
Hockley & O’Donnell takes these differences into account and closely analyzes them, so that we can ascertain the proper lines of protection at the appropriate outlay. Please contact us so that we may go in-depth in assessing your organization’s situation, and arrange the best possible insurance strategy.