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The Basics of Luzerne County Non-Profit Insurance

The Basics of Luzerne County Non-Profit InsuranceThe Basics of Luzerne County Non-Profit Insurance

If you own or run a non-profit organization, financial management should be your number one priority. A large part of this is ensuring that you have the right type of Luzerne County Non-Profit Insurance policy. Just like any other business, your non-profit faces many legal risks. In today’s litigious society, the legal fees, defense costs, and damages paid can be financially devastating to your non-profit.

With this in mind, it’s important that you be aware of what kind of insurance products your non-profit may need. We’ve listed some of the key products below.

General Liability

Sometimes referred to as a “commercial general liability” or “CGL” policy, this product is the most important part of your Luzerne County non-profit insurance package. This policy will cover your non-profit for damages that it’s ordered to pay to someone who is injured on the organization’s property. This may include a visitor, customer, supplier, associate, etc.

Directors and Officers

Your non-profit’s board of Luzerne County Directors and Officers (D&O), many of whom may be volunteers, could be personally named in a lawsuit against your non-profit alleging fraud or financial mismanagement. For example, if a board member invests the non-profit’s assets unwisely and loses everything, a creditor might sue the on-profit as well as its directors and officers.

Property Insurance

Whether you own or rent the space that your non-profit occupies, you need to consider what your organization may lose in the event of a fire, vandalism, storm, etc. It’s important to make sure that your Luzerne County Property Insurance covers not only the building but any:

  • Fixtures
  • Equipment and machinery
  • Office furniture
  • Computers and accessories
  • Inventory and supplies

These are just a few of the products that your Luzerne County Non-Profit Insurance Policy should include. At Dryfoos, we’ve always been very involved in working with non-profit organizations in Pennsylvania and other areas. We’ve developed an extensive portfolio of non-profit clients. Please contact us today at (888) 548-4953 to learn more about what we can do for you.

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