Running a non-profit is a way to contribute to members and groups of your local, regional, or even national communities. If you’re the manager or owner of a non-profit, you might be wondering if umbrella insurance is suitable for you and what the policies you’re interested in will cover and protect against. At Rasor Insurance, we assist clients throughout Celina, TX, in determining if umbrella insurance is right for them while finding suitable policies year-round.

What is Umbrella Insurance for Non-Profit Organizations?

For non-profits, umbrella insurance offers excess liability coverage that fills in "gaps" that traditional policies do not cover. While umbrella insurance doesn’t replace existing traditional insurance policies, it provides additional protection that may otherwise be unavailable with standard insurance solutions.

Benefits of Nonprofits Obtaining Umbrella Insurance

Nonprofits in Texas can benefit from umbrella insurance in numerous ways, including:

• Leadership and board protection: Umbrella insurance protects decision-makers, board members, and executives from fiduciary liability and mismanagement.
• Volunteer/community events: When hosting food drives, festivals, and outreach events, umbrella insurance can help protect you if your general liability insurance policy is inadequate.
• Liability for youth/at-risk programs: Serving the disabled, youth, or at-risk individuals carries an increased risk of liability due to allegations of emotional harm, negligence, and abuse. Umbrella insurance can provide additional protection and financial security for these potential experiences.

Understanding the importance of umbrella insurance is essential for any non-profit manager or owner. Whether you’re new to non-profit organizations or want to optimize your insurance protection in Celina, TX, we’re here to help. To learn more about the potential benefits of umbrella insurance policies for your non-profit organization, contact Rasor Insurance so we can start helping you today.