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Home » Nonprofit Insurance in Logansport, IN
April 24, 2024

Nonprofit Insurance in Logansport, IN

a man in a black shirt and some bags working in a foundation that has nonprofit insuranceNonprofit organizations form a core pillar of our society, helping establish and sustain various missions and endeavors that often provide critical goods and services to communities at large. However, while nonprofits may frequently operate with charitable intentions and philanthropic goals, these organizations are given no special treatment by risks and perils around them. As such, appropriate insurance is just as necessary for nonprofits as it might be for traditional businesses.

What Is Nonprofit Insurance?

Given the diverse operations of nonprofits, relevant risks and exposures and subsequent coverage needs can vary significantly. While some insurance companies may arrange prepackaged coverage suitable to the general needs of nonprofit organizations, many nonprofits may need to compile their insurance portfolios from scratch. Regardless of how a nonprofit assembles its coverage, ensuring it contains the appropriate components is critical.

What Kinds of Insurance Does a Nonprofit Need?

Although most nonprofits may have unique insurance needs, several types of coverage may transcend specific circumstances and operational details, providing essential financial security for most organizations. Consider the following common components of nonprofit insurance:

  • General liability insurance may provide financial protection from third-party losses for which a nonprofit may be at fault, such as bodily injuries suffered by guests or property damage sustained by clients.
  • Commercial property insurance may help nonprofit organizations recoup losses involving their physical assets, including structures, equipment, electronics, inventory and furniture.
  • Directors and officers liability insurance may financially protect nonprofits and their leaders from accusations of wrongdoing or mismanagement of the organization.
  • Workers’ compensation insurance may render financial aid if a policyholder’s employees are injured on the job or develop a work-related illness.
  • Business interruption insurance may help nonprofits recoup lost revenue and pay for ongoing expenses, such as payroll and rent, if a covered incident disrupts normal operations.
  • Employment practices liability insurance may provide financial assistance to limit out-of-pocket losses and legal expenses if a current, former or prospective employee accuses a nonprofit of improper or illegal workplace practices, such as discrimination or harassment.

The aforementioned list is not exhaustive, as many nonprofit organizations may require additional coverage depending on their operations. For example, nonprofits that utilize motor vehicles should secure appropriate commercial auto insurance.

Who Needs Nonprofit Insurance?

Nonprofit organizations are subject to many of the same risks and exposures as their for-profit counterparts and, therefore, must be just as diligent in securing appropriate insurance. Furthermore, nonprofit organizations often lack the same financial resources and emergency funds as other companies, meaning that even modest out-of-pocket losses could have significant consequences. With these conditions in mind, acquiring and maintaining appropriate nonprofit insurance should be a top priority.

We’re Here to Help

Since 2008, the dedicated staff at Leicht Insurance has worked tirelessly to help nonprofits, businesses and families in Logansport and throughout the Midwest secure the right coverage solutions. Contact us today to learn more about nonprofit insurance or to get a personalized quote for policies tailored to your organization’s needs.


This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information. 


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