There are many aspects of property insurance. If your organization owns real estate, you will want to insure the property. If it rents or leases its premises, you may want coverage for tenant’s improvements and additions. These are fixtures, alterations, installations, or additions that you have put into the space that cannot legally be removed from the landlord’s premises.
Depending on the particulars of your activity, you may want to add other coverages, such as theft and burglary, employee dishonesty, or electronic data loss.
Vehicles owned by a nonprofit organization will need to be insured with a business auto policy.
Anyone driving a personal automobile on business for a nonprofit organization will have coverage under their personal auto liability policy. If the personal policy has low limits, however, they could quickly be exhausted by an accident with serious injuries. An injured party might then sue the nonprofit group. You should discuss with us whether or not the organization is adequately protected.
States have varying rules about when an employer must provide workers’ compensation insurance. If you have three or more employees, you should check with your state department of workers’ compensation to see if you are required to provide workers’ compensation insurance.
Please contact Schumacher Insurance Agency to speak with one of our qualified commercial specialists to discuss the right coverage for your business.