Not-for-Profit Liability Insurance, Barrie, ON
Not-for-profit organizations face similar risks and liabilities that other businesses face, but they need specific insurance. Not-for-profit liability insurance protects these organizations and their directors, officers, employees, and volunteers from potential liabilities. This type of insurance can cover a range of scenarios, from allegations of wrongful acts to claims of bodily injury or property damage.
We’ll cover the risks while you focus on your mission.
- Protection Against Claims. Not-for-profit liability insurance can protect your organization against claims of wrongful acts, negligence, or breach of duty. This can include anything from employment practices liability to fiduciary liability.
- Coverage for Legal Costs. Legal costs can be significant if your organization is sued. This insurance can cover the costs associated with defending your organization in court.
- Financial Stability. By providing coverage for potential liabilities, this insurance can help ensure the financial stability of your organization.
- Confidence That Your Organization is Covered. Knowing that your organization is protected against potential liabilities can provide peace of mind for your directors, officers, employees, and volunteers. You can focus on your mission, not the hypotheticals.
Not-for-profit liability insurance doesn’t replace the need for good risk management practices. The same applies to your organization, just as with any insurance, where safety measures and precautions are still necessary despite having insurance.
Hot tip:
Help take the worry out of legal fees
Contact us at Insurance Store for more specific information about Not-for-profit liability insurance and how it can benefit your Barrie, Ontario organization. You can consult an insurance broker or specialist. They can provide tailored advice based on your unique circumstances and needs.
FAQ
Is legal expense insurance mandatory?
Why do I need legal expense insurance?
What is the benefit of working with an insurance broker?
We’ll also cut through the industry jargon to make sure you understand your policy, and help you navigate optional coverages to recommend additional options you may want or need.
With business or commercial insurance especially, there are a lot of options, and it can be overwhelming to research. An insurance broker will help you build the right policy for your situation. As your needs change, your broker will also help you update your policy, so you stay covered.
An insurance broker is also aware of discounts offered by insurance companies and can recommend combining products to save you time and money. In fact, some insurance companies and their products are only available through an insurance broker. Bottom line? We can save you money too.
What do I do if I have to file a claim?
If you need to file a claim, it’s okay, don’t worry, we’ll do it with you. We know accidents and claims happen, we’ve seen and heard it all. As your insurance partner and advocate, we will help you through it. Call us at 1-833-745-0299 and we’ll be here to help you navigate the situation, 24/7.
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Turns out, they love us too.
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