The work that nonprofit organizations do exposes them to many different risks, and they need a variety of insurance coverages as a result. Some of these, like property insurance for any owned buildings, are obvious. Others are less evident but just as important. The following are three liability insurance coverages that every nonprofit, regardless of its situation, should have.
1. General Liability Insurance for Common Risks
General liability insurance is a foundational coverage that’s used by businesses and nonprofit organizations alike. The coverage provides basic protection, shielding organizations from three common risks: