A post by Philadelphia Insurance is a reminder that non-profits, especially health care and human services organizations, need as much if not more insurance as for-profit companies. (Many of the risk exposures of health and human services are the same whether or not for profit.)
Here is a checklist of needed coverages:
- Property - at least personal property, including but not limited to computer systems. If equipment is owned, equipment breakdown forms today cover electronic equipment.
- General liability for accidents on premises or arising out of operations, and personal injury claims.
- Abuse or molestation.
- Hired and non-owned Automobile liability - if no vehicles are owned, employees or volunteers may use their own vehicles on organization business.
- Employee theft, including theft of client property.
- Professional liability for the organization (individual healthcare professionals should have their own insurance).
- Directors and Officers liability -there are policies tailored for non-profits and healthcare or human services organizations.
- Employment practices liability, including third party discrimination and harassment. Workplace violence can be added by endorsement.
- Cyber liability including but not limited to privacy and security breaches.
- Reputational risk expenses may be covered as "crisis management" depending on terms.
- Special events coverage.
Beacon can use its experience to place your coverage on the broadest available terms. We will gladly review your present insurance and recommend improvements.