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Comprehensive Insurance Solutions for Nonprofit Organizations

Protecting Nonprofits in North Carolina

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Marlow Campbell Insurance Group/ non profit insurance

Non-Profit Insurance Provided By Our Agency

Operating on tight budgets, nonprofits often face the risk of financial ruin from unexpected expenses. Thus, it is crucial for these organizations to secure the right insurance to guard against significant risks.

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General liability
Product Coverage
Directors & Officers liability
Professional liability
Workers’ Compensation Insurance

General liability coverage

Risk Factors

A general liability policy insures your nonprofit organization against classic slip-and-fall scenarios. (It’s sometimes also called a “commercial general liability” or “CGL” policy.)

Solution

Your nonprofit will be covered for damages that it’s ordered to pay to someone (such as a visitor, customer, supplier, or associate) who is injured on the organization’s property.

Product liability coverage

Risk Factors

Suppose your non-profit sells products to the public — for example. In that case, you raise funds by selling baked goods, or your artist-clients create and sell sculptures out of recycled products, consider buying product liability insurance.

Solution

It will protect your organization from lawsuits by customers claiming they were hurt by an unsafe or defective product you provided. For example, if a customer breaks a tooth on a walnut shell baked into your cookie or slices a hand on a sharp-edged sculpture, this insurance will cover the legal defense and a sizable portion of the damages.

Directors & Officers liability coverage

Risk Factors

Your non-profit’s board of directors and officers (many of whom are volunteers) could be personally named in a lawsuit against your nonprofit alleging fraud or financial mismanagement.

Solution

You’d want directors and officers (D&O) insurance to cover the cost of defending the directors and officers and pay any resulting money damages.

Professional liability coverage

Risk Factors

Similar to D&O coverage, professional liability coverage (also sometimes called “errors and omissions” or “malpractice” insurance) protect against liabilities resulting from mismanagement of the organization, as well as workplace-related claims such as discrimination or sexual harassment.

Solution

It can help cover not only directors and officers but also staff, volunteers, and the non-profit organization itself.

Workers’ Compensation insurance coverage

Risk Factors

General liability will not provide coverage for injuries to employees. These coverages are important because they address injuries to your human assets – your employees and your volunteer workforce.

Solution

Workers’ compensation pays medical expenses, disability, and death benefits for injured workers. Volunteer accident insurance pays for minor injuries to volunteers who are donating their time and expertise to your cause.

Insurance Solutions for Nonprofit Organizations in North Carolina

Nonprofits and their leaders shoulder daily responsibilities, from managing budgets to engaging volunteers and donors while fulfilling their mission. However, many nonprofits, focused on their cause, may need to recognize and protect against risks that could leave them and their board members vulnerable.

Like any other business, nonprofit organizations face risks related to employees, board members, data, or fraud. Claims and litigation threats can come from vendors, donors, competitors, employees, and even government regulators. In fact, nonprofit organizations file twice as many Directors and Officers (D&O) claims as public and private companies. Moreover, 85% of these claims are employment-related, and nonprofits are also at significant risk of data breaches due to the sensitive information they maintain, including donor financial files, employee records, and client data.

Who Needs Nonprofit Insurance in North Carolina?

Nonprofit organizations, although different in their tax-exempt status, face similar risks as for-profit businesses. Common examples of nonprofits needing specialized coverage include:

  • Federal credit unions
  • Charitable organizations
  • Scientific organizations
  • Amateur sports associations
  • Public safety testing organizations
  • Religious organizations (e.g., churches)
  • Social welfare groups
  • Politically motivated groups
  • Rotary clubs
  • Volunteer fire stations
  • Labor unions
  • Agricultural unions
  • Social and recreational clubs (e.g., country clubs)

Types of Insurance Coverage for Nonprofit Organizations

The insurance needs of a nonprofit in North Carolina vary based on the organization's specific requirements. Coverage may include:

  • Commercial property insurance
  • Commercial general liability insurance
  • Professional liability insurance
  • Product liability insurance
  • Director & officer's liability insurance
  • Event liability insurance
  • Business interruption insurance
  • Crime insurance
  • Cyber insurance
  • Commercial vehicle insurance
  • Group benefits coverage (including medical, dental, vision, life, disability, and critical illness insurance)

At Marlow Campbell Insurance Group, we help you understand the unique risks and requirements of your nonprofit organization in North Carolina, and find the right combination of coverage to meet your needs.

Factors Affecting the Cost of Nonprofit Insurance in North Carolina

Several factors influence the cost of nonprofit insurance:

  • Size of the organization
  • Type of services provided
  • Operational locations
  • Premises location (considering claim rates, crime rates, and proximity to risks like rivers or fire stations)
  • Costs associated with repairing or replacing premises, equipment, furniture, materials, and inventory
  • Age and type of premises, along with building materials, roofing, electrical, heating, and plumbing systems
  • Damage mitigation or prevention measures like security alarms and sump pumps
  • Insurance history
  • Coverage options, deductibles, and policy limits

Our team at Marlow Campbell Insurance Group in North Carolina can review your nonprofit insurance policy to ensure you have adequate coverage. We'll help you determine if you need additional coverage.

Contact Us

Reach out to Marlow Campbell Insurance Group today for a quote or to learn more about our comprehensive nonprofit insurance solutions in North Carolina.

Already have Non Profit Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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