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Non-Profit Insurance

All modern businesses require some form of insurance related to their specialized industry, and non-profit businesses are not different. Just because your company isn't focused on making profits does not mean it doesn’t require business insurance. In fact, non-profit companies can face unique risks. As noted by Risk Management, many nonprofits lack Directors and Officers Liability Insurance, which helps protect board members from personal liability if a lawsuit is brought against the non-profit.

Board members aren't the only ones at risk. If your non-profit's funds are drained, it can be hard to continue your normal operations until you can acquire more funding. Donors may be hesitant to continue supporting any non-profit that's fallen into legal or financial trouble.

Not-Profit Insurance Features

Common choices for non-profit insurance coverage include:

  • Property Insurance: Whether a non-profit owns or leases the property it uses, the property itself often plays a vital role in the non-profit’s operation. Damaged or destroyed property could prove catastrophic for a non-profit’s operations.
  • Fidelity Insurance: Unfortunately, some employees take advantage of their position and embezzle funds. This part of non-profit insurance provides coverage in the event of such losses.
  • Commercial Auto Insurance: For non-profits that rely on vehicles to transport goods or employees, ask about commercial auto insurance coverage, freight, and/or cargo insurance for businesses that transport high volumes of goods.
  • Accident Insurance: Many non-profits work closely helping people in their communities. Unfortunately, both employees and customers can be vulnerable to falls and other injuries. It's important to have coverage in the event that they're hurt.

This list is not exhaustive. Just like for-profit businesses, non-profits can engage in many different types of work. There is no single policy that's capable of covering every area of concern. Before buying any kind of non-profit insurance, talk to a Financial Strategies, Inc. agent about what your organization does, where it operates, and what sort of risks you might be exposed to. We'll work with you to find the best possible plan for your needs and your budget.

Requirements for Non Profits

Before you're offered coverage, you may be asked to provide some of your records. This may include a list of any legal claims your organization has faced in the past and any hazardous behaviors the company engages in (no matter how charitable those behaviors are). This helps with our risk-assessment process and ensures that the policies we offer are enough to protect your organization in the event that one or more of them is needed.

 

1. Trefry, John. "Nonprofit Management Faces Liability Risks." Risk Management. September 1, 2014. Accessed April 14, 2016. http://www.rmmagazine.com/2014/09/01/nonprofit-management-faces-liability-risks/.

Our Location

Financial Strategies, Inc.

100 S 4th St
Leavenworth, KS 66048
Main office: 913-828-3893
Fax: 913-758-4464

Our Providers

Testimonials

Their knowledge of financial services and strategies is only exceeded by their enthusiasm and willingness to serve us in ways that are genuinely beneficial to us.

Dwayne & Liz - Atchison, KS
Isaac is a true professional in his field. His detailed research of and in-depth analysis of various financial strategies speaks very highly of Isaac and Mutual Savings Association. This sets him apart from other financial planners that we have talked to.

Bob and Juanell - Lansing, KS
What a pleasant and honest gentleman. Isaac won my trust over immediately and he began to guide me on the path of determining that my retirement plan wasn't just a dream, but a very plausible reality.

Victoria W., Fort Leavenworth, KS
I much appreciate the way I have been treated and the excellent conduct accorded me. Seems to me it would be no over speak to say I have indeed found that Marlene isn’t the only champion at Mutual Savings Association. Thank you for your champions!

Alfred K., Leavenworth, KS
FSI, Mutual Savings, and their clients. I would also like to mention Steve, what a fine young man! As he continues to work with Isaac Steve will be a great asset to Mutual for many years to come and he will be putting truck loads of money in Mutual customers pockets.

Richard B., Bonner Springs, KS
I appreciate the hard work, effort, time, and energy the staff put into the work they do! I love the staff of Financial Strategies because they are very knowledgeable and genuine. They have really helped my family and I pursue financial freedom.

Diamond H., Kansas City, KS
Fantastic! Have done everything we asked, answered all the questions patiently, couldn't be happier.

Donald H., Levonworth
To whom this may concern, as I have done banking with mutual savings for quite some time. I had the pleasure of using one of the banks many resources. I was helped by Steven Tarchala with Health Insurance needs and obtaining a policy at my affordability. It has been three months now and I have used the insurance numerous times. I just wanted to let someone know what a wonderful outstanding job this young man sis. I believe he is a valuable asset to the bank. This young man I believe went above and beyond to help me with my needs. I have personally thanked Steven but I would like the people who need to know at the bank that this man is outstanding.

Mike Byrns Leavenworth, KS