If you run a nonprofit organization in Florida, this is the article for you. Read on to learn the specific coverage types you will need to keep your nonprofit running smoothly.
Many people are under the impression that nonprofit organizations don’t face any of the same liability risks as for-profit businesses. Unfortunately, this couldn’t be further from the truth. Nonprofit organizations face many of the same liability risks as for-profit businesses and they need good nonprofit liability in Florida.
What Is Nonprofit Liability Insurance?
Nonprofit liability insurance is a type of insurance coverage that is designed to cover costs associated with common liability issues that nonprofit organizations may end up running into. It can cover things like medical bills, legal costs, and repair/replacement costs.
How Much Does Nonprofit Liability Insurance Cost In Florida?
Unfortunately, just like any other state, the cost of nonprofit liability insurance can vary widely. The price you will pay is determined by a variety of things that your insurance provider will look at to determine your risk level. Some of these things are:
- Your location
- Your claim history
- The size of your nonprofit
Running a nonprofit organization can expose you to many of the same risks that for-profit businesses face. Nonprofit liability insurance can help ensure that you won’t have to cover any unexpected costs out of pocket.