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What Insurance Do Volunteer Groups Need?

Nonprofit companies and volunteer organizations operate differently than traditional businesses and have specific risk management needs. To find the right insurance for voluntary groups, consult an agency with expertise in this area.

Public Liability

This type of insurance covers costs if someone sustains an injury resulting from a volunteer’s actions. It is vital to make sure the policy you choose for your company includes volunteers. These policies typically cover the following third-party claims stemming from accidents or negligence:

  • illness
  • loss
  • injury
  • death
  • property damage

Coverage varies, so carefully read your policy to ensure you have adequate protections in place.

Employers’ Liability

Often the law requires this kind of insurance for voluntary groups. It provides coverage to help pay the costs associated with volunteers who become ill or injured while performing duties for your company.

Directors and Officers Liability

A D&O policy offers protection for the people who run your team, mitigating attorney costs associated with the defense of claims stemming from events, such as:

  • An officer fails to fulfill legal obligations or execute professional duties.
  • A manager does not comply with industry regulations or standards.
  • A board member receives accusations of funds misuse or bad investment decisions.

You can often add coverage offering protection for discrimination claims in hiring, promotion or termination practices.

Mistakes and accidents occur within every organization. Ensure your operation has sufficient coverage in place by obtaining the necessary insurance for voluntary groups.