Nonprofit Insurance

D&O Insurance and EPLI

Directors & Officers Insurance (D&O) and Employment Practices Liability Insurance (EPLI) are key components to a nonprofit’s risk management program.  D&O insurance indemnifies directors & officers of nonprofits for damages/defense costs arising from lawsuits alleging "wrongful acts.” These policies also reimburse nonprofits for any indemnification that their bylaws or state laws require.  Many individuals are reluctant to serve on a nonprofit board without D&O insurance.  Without this coverage, the individual may be forced to pay damages out of their personal assets. 

EPLI coverage protects the nonprofit from EEOC type allegations: Wrongful Termination, Failure to Hire or Promote, Discrimination, and Sexual Harassment are all insured under this coverage.  Many nonprofits do not have a full time HR staff to guide them with these employee issues when situations arise.  EPLI coverage is their risk management safety net.  

D&O and EPLI coverage are often purchased together and limits may be shared or separate depending on the insured’s preference. 

Crime Coverage

Employee embezzlement, break-ins and robberies, theft of clients property, and outside computer hacking  are all headlines in today’s news and they often happen to non profits.  The loss of your money and assets caused by these illegal activities can put an agency out of business quickly.  Today, a non profit needs to do more than just have locks on doors and policies & procedures in place.  A well designed Crime Insurance program is required.  We will help evaluate your risk and recommend the correct coverages and limits to protect you from these news making events.

General Liability

Nonprofit agencies often face unique liability exposures.  Whether you work with children, the elderly, or just the general public, having a custom designed and specialized non profit and social service organization insurance program is the key to protecting your assets.  We design liability coverages that ensure you are eligible for city, county, state, federal, and private funding requirements.  We work with five non profit specialty carriers that understand the risks of agencies just like you.  These carriers offer special liability coverages you need.  Whether it is Sexual Abuse & Molestation or Professional liability, these carriers can offer limits standard markets are not willing to write. 

We would be happy to do a free risk analysis and coverage audit for you.

Property Insurance

Whether you own several buildings or just rent a small office, your real and personal property is a valuable asset. Protecting them from acts of God, theft, or vandalism is the key requirement for any insurance program.  Our office will help assist you with coverage valuations and replacement cost appraisals.    

Most non profits rely heavily on technology and computers today.  Electronic Data Processing equipment includes, computers, servers, laptops, copiers, fax machines, and telephone systems.   This type of personal property has special exposures that need to be insured  properly.  We help evaluate your coverage needs and will recommend the most cost effective method for insuring these assets.

 

Please contact Scott Durbin for more information.  scott.durbin@fnicgroup.com or (402) 861-7034