How to Secure General Liability for Nonprofits Quickly 

Securing general liability insurance can be a critical step for a nonprofit organization. This type of insurance can offer essential protection against potential lawsuits and financial losses, helping to ensure that your nonprofit can continue its mission without interruption.  Here’s how you can secure general liability for nonprofits quickly.

How to Secure General Liability Insurance Quickly

Consider the following tips for getting general liability insurance:

• Assess your needs. Determine the specific risks your nonprofit faces. This can include understanding the nature of your activities, the size of your organization, and the number of volunteers and employees.

• Research providers. Look for insurance companies that specialize in nonprofit organizations.

• Get multiple quotes. Contact several insurance providers to get quotes. This will help you compare coverage options and prices. Make sure to provide accurate information about your organization to get the most relevant quotes.

• Review coverage options. Ensure the policy covers all potential risks, including bodily injury, property damage and personal injury. Some policies also offer coverage for advertising injury and medical payments.

• Consult an insurance broker. If you’re unsure about the best coverage, consult an insurance broker specializing in nonprofit insurance. They can help you navigate the options and find the best policy quickly.

• Apply and secure coverage. Once you’ve chosen a policy, complete the application process promptly. Ensure all necessary documents are submitted to avoid delays.

Why General Liability Insurance Is Important

General liability insurance can be necessary for the following reasons:

• Financial protection—General liability insurance can help protect your nonprofit from financial losses due to lawsuits. This may include legal fees, settlements and judgments.

• Reputation management—Having insurance can help demonstrate that your organization is responsible and prepared for unforeseen events. This can enhance your reputation with donors, volunteers and the community.

• Operational continuity—Insurance can help ensure that your nonprofit can continue its operations even in the face of legal challenges. Without it, a single lawsuit could potentially bankrupt your organization.

• Compliance and grants—Some grants and contracts require nonprofits to have liability insurance. Securing coverage can make your organization eligible for more funding opportunities.

Learn More

For insurance near you, contact Leicht Insurance.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.