Get Started Today! 212.620.0922

Established in 1925

Non Profit Insurance

Specializing in Insurance for Non-Profits Since 1925

While your non-profit organization may have different goals than your for-profit counterparts, you share the same risks. Non-profit status doesn't reduce your exposure to property damage expenses or even lawsuits against your directors and officers. This is why having the right kind of nonprofit insurance is so important.

instant insurance quote

While non-profits perform valuable services for countless people, the good deeds of the directors and officers of nonprofit organizations isn't enough to protect them from litigation. The good news is that decision makers of your non-profit organization can obtain protection for litigation with directors and officers (D&O) insurance.

Why is Insurance Important for Your Nonprofit Organization?

Being a nonprofit organization doesn't exempt you from potential lawsuits or litigation. D&O liability insurance is designed to protect directors, officers and other executive personnel within a non-profit organization from litigation. When a person becomes a board member or executive of a non-profit organization, he/she assumes a level of responsibility for the organization and its actions.

  • 63% of nonprofits had D&O claims from 2003-2013
  • Nonprofits have 2x's the risk of for-profits of D&O suit
  • 85% of D&O claims were related to employment (ex: firings)

What Type of Insurance is Needed for Non-Profits?

Because every organization's insurance needs are different the best way to know what your specific organization needs is to speak with an insurance agent who understands the complexities of insuring a nonprofit. At Gross & Company Insurance, we have been specializing in non-profit insurance since 1925 and are qualified to answer any insurance questions you have about your non profit organization. Below is additional information about general liability insurance and D&O insurance for nonprofits.

General Liability Insurance

This type of insurance protects your organization against claims of personal injury and/or property damage. One of our qualified insurance agents can help measure you organization's risk and determine the amount of coverage your organization needs. Get started by completing our instant quote online. This form only takes a few minutes and can provide us with the information we need to provide you with an accurate quote based on your unique needs.

Some factors used to measure risk and determine coverage include:

  • Square footage
  • Receipts
  • Number of members or participants in your organization

If you are concerned that your general liability coverage does not provide adequate coverage you can take out an umbrella liability policy to provide additional limits (typically in increments of $1 million)

Directors & Officers (D&O) Liability Insurance

D&O liability insurance protects board members from personal financial loss resulting from litigation. Because directors and officers are typically sued for acts that result in financial damages and not bodily injury or property damage, these claims typically aren’t covered by general liability insurance. A broadly written D&O liability policy will cover a wide number of different allegations to minimize risk exposure.

Protect Your Nonprofit Organization with Insurance

As your nonprofit grows, so too does the number of problems your organization will face. That’s why one of the most important steps in creating a successful, wide-reaching nonprofit is to purchase nonprofit liability insurance. A nonprofit insurance policy will help your organization stay afloat in the event of an injury, accident, or in the event that a lawsuit is filed against your nonprofit or its board members. An insurance company that works with nonprofits is better suited to help you design a policy that fully protects your charitable organizations.

What Types of Non Profits Do We Work With?

Our clients include:

There’s No “One Size Fits All” Insurance Policy for Nonprofits

Buying nonprofit insurance isn’t like buying any other type of insurance you’ve previously encountered. Your organization is unique, and that means you have particular insurance needs. When shopping for nonprofit insurance, be sure to work closely with an agent or broker so your specific insurance needs can be met with a policy tailored to your organization. Contact us today or get an instant quote customized for your organization in only a few minutes.

How Can We Help?

Value Statements:

  • Established in 1925
  • We Work for You, Not Your Insurance Company
  • Competitive Prices
  • Service Oriented Firm
  • Client Focused Advice
  • Coverage Customized to Your Needs
PIA
Our Original Business License From 1925
Original Business License