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Insure your non-profit organization

Your mission is clear and important. Volunteers are ready to help and donors are ready to contribute. The next step is execution, including insurance for your non-profit organization.

Nonprofits serve a very wide range and will have very different insurance requirements. However, they also share common challenges. Often, nonprofits will evolve, causing new insurance issues to emerge.

Responsibility for good works

The city offered an in-kind donation of office space. An event venue has a room for your fundraiser. Your new clinic lease is ready to be signed. In the “fine print” of each of these possibilities, there is a liability insurance requirement. The written insurance requirement will generally require an amount of liability plus the designation of the owner / event location as an additional insured. In addition, the “fine print” usually contains an indemnity or formal notice clause which triggers an additional insured requirement called a “waiver of subrogation”. Part of the price of doing a good job is meeting these business insurance requirements.

Don't take insurance for granted

Your grant proposal has been approved! Part of the grant requirements will often be commercial insurance requirements. You won't get the funding your group needs without managing the specifications of the grant agreement. Besides civil liability, grants that include hiring people often require workers' compensation insurance. This is insurance protection for the employer (your organization) for lawsuits for injuries that occur to workers in the course of their employment. It also helps an injured employee with medical bills, rehabilitation and lost wages while recovering from a work-related injury.

Provide effective advice

An active and involved board of directors is an essential part of most nonprofit organizations. The volunteer members of your board of directors will be called upon to make the tough decisions and are responsible for overseeing your activities, especially employment decisions. They are also the primary community connectors and fundraisers for your group. Insurance for directors and officers is essential to protect them from lawsuits which may arise and which may entangle them personally.

Equip your group

As your nonprofit grows, insuring your group's office equipment and content can become a critical risk. A fire, burglary or other loss can destroy these assets and compromise your ability to do your good job. Property insurance can be "wrapped" with your general liability to add insurance protection for those assets.

Motivated volunteers

Many nonprofits depend on volunteers to drive their own cars. Auto coverage for non-owners is an important safeguard for your organization. It offers liability coverage if the group is targeted after an accident when a volunteer drives their own car for the group.

Retention of key personnel

With attracting and retaining qualified staff comes the need for a group insurance plan, in particular group health insurance. Small group benefit plans can be obtained once your group has at least two full-time employees. As an employer, your group will be required to pay at least 50% of the cost of employee health insurance benefits.


Nonprofit organizations can have very specific insurance needs. Managing risk is part of the growth and success of your mission. A review with a business insurance specialist is important.

David W. Crump, Ross Gray Insurance Agency
I specialize in the sale and service of business, health and personal insurance. A graduate of Texas Tech University (BBA Marketing), I began my career in toy, hobby, and game retail. I used to own a business but changed careers in insurance after selling my stake in a Dallas-area chain of game stores thirteen years ago. Hobbies include gardening, music

Learn more about NRI insurance

Insurance is the act of risk management that takes precautions to avoid the risk of responsible and uncertain loss. It is defined as the impartial allocation of the risk of loss from one individual to another, in exchange for reimbursement. Insurance policies are sold by businesses. The rate of insurance is the determining factor for the amount of premium which is the payment to be made for the coverage. Banks and insurance companies repeatedly offer various plans to attract people to insurance plans. 

Insurance plans include life insurance, wellness insurance, overseas travel insurance, home insurance, auto insurance and two-wheeler insurance. Depending on the amount to be insured, an insurance coverage is charged calculated as a certain percentage of the amount of the primary insurance and this coverage is paid by the policyholder over a period of time. 

Once the insurance coverage is paid for the determined time, the policy stagnates for a while and the insurance can be claimed. In the event that the event for which the entity to be insured takes place before the end of the stagnation period, the policyholder is reimbursed for the full amount of insurance.

Non-resident Indians also benefit from insurance schemes in the same way as their other Indian compatriots. Indian citizens who make temporary or long-term visits abroad can protect their property, property and life through insurance plans. This is possible through the purchase of tailor-made insurance products that are offered by a multitude of insurance companies and banks. 

NRIs are also allowed to take out loans against their policies. They can adapt their insurance portfolios without a limit on the sum to be insured. 

However, this is not the case with POI citizens. In the case of a person of Indian origin, it can only be covered up to the maximum limit of twenty lakhs only. They also cannot be applied to joint profiles. NRIs can however opt for joint life plans which have the element of team insurance.

Foreign exchange regulations have certain policies and rules regarding life insurance plans for NRIs. Since policy documents are considered securities, these documents cannot be removed from the country without the consent of the Reserve Bank of India. for NRIs, premium payment can be made online and this is the preferred payment method. 

It is also possible to remit the bonus amount via FCNR or NRE accounts via approved banking channels, money orders, etc. if the NRIs have people in India, they can also make the payment on behalf of the NRIs. For NRIs, insurance claims are made in foreign currency on an exceptional basis. But to benefit from this benefit, the policyholder must be a resident abroad and must have paid all premiums in foreign currency.