Insurance for Non-Profits and Charities in Connecticut

Should My Non-Profit or Charity Have Insurance? 

As a non-profit, your mission guides and motivates you. Running a non-profit can be a lot to handle: recruiting volunteers, juggling multiple projects, planning events, and a seemingly endless list of other tasks. While you are focusing on making a real impact in the communities around Connecticut, don’t put your organization at financial risk by not having appropriate insurance coverage.   

Some potential risks confronting your Connecticut nonprofit that you may want to consider when selecting your coverage include, but are not limited to:

• A volunteer stealing funds
• Your property being damaged from a major storm
• An employee taking legal action against your organization
• A volunteer at an event slips on a wet floor and suffers a major injury
• Your organization is victim of a cyber attack and sensitive data is compromised
• An employee using one of your vehicles is involved in an accident

What Insurance Coverages Should a Non-Profit in Connecticut Consider? 

Depending on your non-profit’s specific mission, scale, the services you provide and other factors, the insurance needs of your nonprofit can vary greatly. Some smaller, lower-risk nonprofits may decide that a standard Business Owner’s Policy (BOP) is sufficient. This type of policy combines commercial property insurance and general liability insurance and can also include business income coverage. In most cases, this coverage should be combined with additional options to more thoroughly guard against risk.

We offer a broad spectrum of insurance solutions for nonprofits, including:

• General Liability Insurance
• Property Insurance
• Business Income Insurance
• Workers’ Compensation Insurance
• Commercial Auto Insurance
• Directors & Officers Liability Insurance
• Professional Liability (Errors & Omissions) Insurance
• Cyber Liability/Data Breach Insurance
• Volunteer Accident Insurance
• Special Event Insurance
• Employment Practices Liability Insurance (EPLI)

Investing in nonprofit insurance is critical. Request a quote on our website to begin exploring your options for insurance for nonprofits in Connecticut with an experienced local agent.

How Much Does Insurance for a Non-Profit Cost? 

What a non-profit might pay per year for insurance coverage depends on a variety of factors. Some of these include the number of employees your organization has, where your organization is based out of, the nature of services you provide, and the value of any equipment you have. The types of coverage and the coverage limits you choose will also determine your annual insurance costs. Reach out to your local office to request a quote for your non-profit.

Your Local Insurance Agency 

We’re local, with convenient offices throughout Connecticut. We take a personal approach to your insurance needs. Our team is readily available by phone to answer questions you may have. If you experience a loss, our in-house claims department will strive to make the claims process simple and efficient.

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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.