Protections for New York Nonprofits

non profit insurance ny

Protections for New York’s Nonprofits

Many nonprofits in New York provide charitable services to the areas they serve. Some of these organizations are dedicated to offering education, health resources or necessities for community members of all ages. Even with the nature of these organizations, and the low-cost or even free services they offer, they are not immune to certain responsibilities mandated by the law. Even in these types of organizations, disputes can lead to costly resolutions when there are no safeguards put in place in advance. If you are considering starting a nonprofit organization, or currently head one but are looking for better ways to manage it, there are many things you can do today to make that happen. By having protections such as non profit insurance NY businesses can operate more freely without the added stress of unexpected mishaps.

Types of Nonprofits

It is important to understand what types of organizations count as a non-profit that may be eligible for this type of coverage. Nonprofits often share the following characteristics:

The primary purpose is to serve the public

Many provide charity

Any revenue is meant to fund employee wages and supplies

They are typically run by a board of directors

If your organization fits the criteria for non profit insurance New York agencies may offer you special coverage that addresses your exposures. For a step in the right direction, you can contact a representative from an agency that specializes in this field.