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Insurance for Nonprofits
Directors and Officers insurance covers your nonprofit organization’s board, who may be personally liable for financial losses, employee discrimination, wrongful dismissal, and more. Get a quote and buy Nonprofit Directors and Officers Liability insurance online in less than five minutes.
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APOLLO and Gallagher Partner to Protect Your Business
We've partnered with Gallagher, one of Canada's leading insurance brokers, to provide insurance designed for businesses and business professionals. Get professional liability, general liability, and/or contents insurance designed specifically for your profession.
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There are three kinds of insurance a nonprofit needs
Directors & Officers Liability Insurance
Directors and Officers insurance protects against losses caused by negligence or honest mistakes made by your organization’s directors and officers. Not only will it cover any amounts you’re required to pay should you lose a lawsuit, the insurance company will even pay for your legal fees and court costs.
General Liability Insurance
Commercial General Liability insurance — also known as CGL — is the cornerstone of any nonprofit’s business’ risk management strategy. It protects an organization against liability claims that may arise from injuries or damage that could occur at the business itself, or caused by employees in the course of doing their job.
Contents Insurance
Every business owns property, and that includes nonprofits. Nonprofits spend a lot of money on tangible assets like equipment and inventory. Without contents insurance, you would have to pay out of pocket to repair or replace any damaged equipment. This could negatively impact your finances and any delays can be disruptive to your organization’s operations.
What types of risks do nonprofits face?
Nonprofits face a diverse set of risks at the board and operational level. There is the possibility of accusations that the directors aren’t fulfilling their duties, mismanaging the organization or funds, discriminating against a volunteer or risks to do with managing and dismissing employees. Directors and officers of nonprofit organizations can be held personally liable for their decisions on the board, even if the nonprofit is incorporated.
Bodily injury can occur at events, even a simple slip and fall can lead to a lawsuit. The physical assets of the organization have risks of loss such as fire, theft, flood, water damage and more. Collecting donor data and other personal information about volunteers or staff leads to an emerging set of cyber risks.
No two nonprofit organizations are quite the same in the services and vision that they have. That means their risk profiles are also a little bit different. We start by learning about each individual organization’s needs and then tailoring insurance coverage accordingly.
There are many other types of insurance which could be relevant to you personally or your nonprofit, make sure to speak with our team to learn more about your unique needs. Apply for nonprofit insurance today and find out how much you can save.
All coverage summaries are for reference information only, please consult actual policy wording for specific coverage afforded.
What kind of nonprofits can buy insurance online?
All of the following nonprofit groups are eligible to buy insurance online:
Associations
Chambers of Commerce and Boards of Trade
Foundations
Societies
Community Centres
Campus or Community Radio Stations
Community Organizations
Counselling Services
Research / Development Institutes