Brandon, Florida Nonprofit Insurance
You may discover it to be more challenging than you first thought when learning how to insure your non-profit business. For many years, states had charitable immunity laws that provided complete protection to charitable organizations as a blanket from all liability. The charity’s purpose was to exist for the good of the community, and it’s assets were not intended for the recoupment of loss by any who may suffer injury as a result of an accident or otherwise unfortunate occurrence resulting from the non-profit entity, it’s agents or members.
As the years have passed, these non-profit and charitable organizations are being held legally and financially liable for their intentional wrongdoing or negligence. The responsibility extends even to include the actions and decisions of the officers, directors, employees, agents and even volunteers acting under the non-profit’s authority. This is referred to as tort liability.
A tort is a legal term describing a violation where one person causes damage, injury, or harm to another person. The violation may result from intentional actions, a breach of duty as in negligence, or due to a violation of statutes. The party that commits the tort is called the tortfeasor.
Smart nonprofits establish safety standards and insulate their organizations by maintaining liability insurance, and it is a result of tort liability risk, as well as exposure to great financial loss that the nonprofits are forced to protect themselves.
Our agents at Odiorne Insurance Agency can help you find the coverage you desire for your non profit insurance needs at a competitive rate.
Protecting your nonprofit with adequate insurance is essential, as the expense of even a single lawsuit could easily be devastating to the budget of most nonprofits.
Non Profit insurance types in Brandon, Florida
- General Liability Insurance – It can help cover the costs of bodily injury, property and advertising damage claims made against your business. Without this coverage, you may have to pay the cost of these claims with your own business and personal assets. In today’s litigious environment, don’t risk your business to the vulnerability of a potentially devastating financial loss resulting from a liability claim. (Workers Compensation Insurance would provide protection for your employees in the event they are injured on the job).
- Property Insurance – A policy that covers the renter or owner of a house from a variety of damages such as theft, fire, some types of weather damages and more. This could include art and collections, furniture, jewelry, computers, game systems, machinery and other items of value.
Some other types of insurance for nonprofits you might consider are:
- Directors & Officers
- Cyber Liability
- E & O Insurance
- Workers Compensation
- Special Events Insurance
- Comprehensive Auto
Whether your nonprofit is located here in Brandon or somewhere else in the state of Florida, Odiorne Insurance Agency has the experience and diversity of underwriters to find the right solution for your nonprofit at the right price.
Give us a call so we can make sure you are properly protected.
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