Because nonprofit organizations often deal with people on the most personal of levels, you are challenged by unique operational risks that can devastate your practice and reputation. Higginbotham has extensive experience managing these sensitive risks for 501(c)3 entities, including:
- Animal cruelty
- Community housing
- Arts and museums
- Homes and shelters
We keep abreast of the loss trends and regulations that affect nonprofits and design risk management strategies that reduce your exposure to lawsuits and insurance claims. Our programs address issues such as:
- Abuse risk
- Employee/volunteer screening and training
- Media relations
- Incident reporting
- Emergency evacuation
- Pool safety
- Fall prevention
- Fleet management
- Food service
Sexual abuse is a highly regulated risk that First Underwriters’ can help you navigate with compliance and prevention services. If you conduct a licensed youth camp, many organizations require adult staff members to complete an abuse prevention training and examination program. To help you fulfill your many reporting obligations, we assist with abuse awareness training, policies and procedures, background checks, screening training and systems for monitoring and oversight. We also review your contracts to make sure that you have appropriate abuse prevention terms for subcontractors and service vendors working on your campus.
To ensure your property insurance policies have accurate replacement cost values that reflect current market conditions, First Underwriters can provide property profiles of your entire campus. Our property profiles show building composition, size, structure, safety features, and photographs so you avoid being underinsured, causing you to pay out-of-pocket for a catastrophic loss exceeding replacement cost value, or overinsured, causing you to pay higher rates.
Non-Profit Insurance Coverages
Protects against financial loss resulting from claims of bodily injury, property damage, personal injury, like libel and slander, and advertising injury to others caused by a business or its employees. Exposures come from a broad spectrum of sources, including accidents on the insured premises, employment-related lawsuits and copyright infringement. A general liability policy covers the cost to defend or settle claims even if they are fraudulent. It does not cover auto and professional liability exposures.
The Commercial Auto policy will pay “sums” for which the insured is legally liable because of bodily injury or property damage to which the insurance applies. Therefore, while covered bodily injury or property damage is required to trigger coverage, recovery under the policy can actually go beyond these types of damages.
Provides protection against a number of criminal acts by employees, including employee dishonesty, theft of money or securities, forgery or alteration, computer fraud and burglary or robbery.
Covers the loss of income suffered by a business as a result of not being able to use property damaged by an insured loss during the time required to repair or replace the property. From the time of the loss to when operations are restored, business interruption insurance helps replace lost profits and pay continuing expenses like rent and payroll.
Covers loss by the surrendering of property as a result of a threat of harm to the insured, an employee or a relative or guest of the insured or the insured’s employees. K&R policies reimburse loss, such as extortion payments, loss of ransom in transit, crisis management consultant fees, travel fees and medical costs, rather than pay ransoms on behalf of the insured.
Covers losses caused by mechanical or electrical equipment breakdown, including damage to the equipment, damage to the business’s other property and damage to the property of others. Lost income is not typically covered under a boiler and machinery policy and must be purchased through additional coverage.
Helps businesses pay to repair or replace buildings, structures and contents that are damaged or destroyed because of fire, storm and other events outlined in the policy. It also pays to replace stolen or lost property. Different policies protect against different risks. Some cover only those risks named in the policy, and others cover all risks except for those that are excluded. Additional coverage may need to be purchased to fully protect a business, depending on what it does and where it is located.
Umbrella liability insurance and excess liability insurance are two forms of secondary coverage—that is, they both sit above one or more underlying liability policies and do not attach until the underlying policy’s limit of insurance has been exhausted.
Employment Practices Liability Insurance (EPLI) covers claims made by employees of wrongful acts resulting from the employment process. The most frequent type of claim alleges wrongful termination, discrimination and sexual harassment. EPLI is available as a stand-alone coverage, but is also frequently offered as an endorsement to directors and officers liability policies.
Often called “Errors and Omissions” (E&O), a professional liability policy protects business professionals and companies against liability incurred as a result of errors and omissions in performing professional services. Most E&O policies cover financial losses suffered by third parties as opposed to bodily injury and property damage, which are typically covered under commercial general liability policies.
A statutory benefit prescribed in state law requiring most employers to compensate employees or their families for lost wages and medical care due to job-related injuries resulting from accidents or occupational disease. In exchange, employees relinquish their right to sue their employer for negligence. Workers’ compensation insurance helps cover the cost of injured employees’ medical and income benefits.
WHY USE fIRST UNDERWRITERS?
WE WORK WITH TOP RATED CARRIERS
There are more than 100 insurers licensed in the US, each with its own specialty. We will match them with your specific needs and requirements.
WE ADVISE AND ACT IN YOUR BEST INTEREST
We will help you identify your individual and/or business risks to help you decide what to insure, and how to manage those risks in other ways.
WE PLACE YOUR CUSTOMIZED POLICY
We will arrange the right insurer, negotiate the terms and place the policy on your behalf, all while making the most of your insurance budget.
Ready to Apply?
You may submit an application online using this QUOTE REQUEST From to the right, or download and fill out the application and supplemental documentation. If you download the application you may either submit them via email, fax or postal mail.
- Non-profit Insurance -
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