Nonprofit Insurance in Texas

What is nonprofit insurance?

Bad things can happen even when doing good. Although Texas nonprofits might be doing good work, they still can have equipment stolen, buildings burned down, lawsuits filed against them, and any other number of bad things happen. No insurance will stop something from happening, but nonprofit insurance might give organizations financial protection if something ever does.

Nonprofit insurance offers customizable protections for nonprofit organizations. Policies frequently come with both property and liability coverages, which can protect against a wide range of risks.

When do nonprofits in Texas need nonprofit liability insurance?

Nonprofit liability insurance is something that the majority of not-for-profits in Texas can benefit from. Organizations might be sued regardless of their size or purpose. 

In addition to liability insurance, many nonprofits would also be wise to have property insurance coverages for what they own. 

For example, the following organizations are some examples of nonprofits that would likely benefit from liability and property protections:

• Churches, synagogues, mosques, temples, and other religious organizations
• Preschools, after-school programs, camps, and other children’s programs
• Theaters, museums, historic reenactment organizations, and other cultural centers
• Social justice advocates, environmental advocates, and other advocacy groups
• Land trusts, land management organizations, and other land conservation groups
• Affordable housing programs, food pantries, and other charitable organizations
• Animal shelters, animal rescue programs, and other animal-focused nonprofits

There are still many more organizations that should consider coverage. If an organization has 501(c)3 status, then this insurance would probably be useful.

What liability coverages can nonprofit policies come with?

Nonprofit liability insurance coverages normally offer protection against lawsuits where a nonprofit organization is allegedly responsible for causing injury, property damage, or other harm. There are several of these coverages that policies may offer:

What property coverages can nonprofit policies come with?

Nonprofit policies may offer a variety of property coverages, which can cover different assets that an organization might have. Some common property coverages are: