While most non-profit organizations are not legally required to have commercial insurance, there are certain industries and scenarios in Monroe, GA, where commercial protection may be necessary. At Atkinson Casey Agency, we’ll work with you to determine the best course of action to ensure your non-profit is adequately protected all year round.
When is Commercial Insurance Required for Non-Profits?
A non-profit operating in Georgia may require commercial insurance in the following scenarios:
- When receiving grants or government contracts
- If you lease event or office space, which may require general liability insurance
- If you own a fleet of vehicles, such as trucks or vans, in the name of your organization
- If you host community or public events, which significantly increases your liability exposure
- If you have employees (three or more in the State of Georgia). This can include paid program directors, office staff, and directors, but does not always include volunteers
Common Types of Commercial Insurance Policies for Non-Profits in Georgia
Common types of commercial insurance policies for non-profits operating in Georgia include:
- Liability: General liability insurance protects against event liability and injuries to third parties, as well as property damage
- Workers’ Compensation: Provides coverage for on-the-job injuries
- Directors/Officers (D&O): Protects against lawsuits involving board members or executives
- Auto: Commercial auto insurance covers accidents involving non-profit vehicles or fleets
- Cyber Liability: Protects against stolen donor information, data breaches, and online cyberattacks
Even if you’re new to managing a non-profit, it’s crucial to understand which insurance policies are right for you. Protecting your non-profit with adequate policies can make a significant difference in preserving your finances and preventing losses. To learn more about your non-profit insurance options in Monroe, GA, contact Atkinson Casey Agency today.
