Running a successful nonprofit organization can be incredibly rewarding, particularly when your mission has a positive impact on individuals and communities. If you’re operating a non-profit in Tennessee, you might be wondering if you’re legally required to have commercial insurance. While it’s not a legal requirement to hold a commercial insurance policy for non-profits, Riskbusters Insurance can assist you in determining the most suitable policy and coverage for your needs.

Commercial Insurance Options to Consider

Even though it’s not legally required for a non-profit to have a commercial insurance policy, there are several types of commercial insurance solutions to consider:

• General Liability: General liability insurance is always recommended for non-profits, regardless of their size or how long they’ve been operating. General liability policies cover personal injury claims, property damage, and bodily injury, protecting your organization from legal issues or financial losses.
• Workers’ Compensation: Workers’ compensation insurance is legally required for non-profits with 5 or more employees. Note that volunteers are not typically covered unless your policy includes a special clause.
• Directors and Officers (D&O) Insurance: Directors and officers insurance provides coverage for lawsuits that may involve allegations of discrimination, mismanagement, or breaches of fiduciary duty.
• Property and Auto Insurance: Commercial property and/or auto insurance protects against damage to physical spaces. If your non-profit operates a fleet of vehicles, commercial vehicle insurance is recommended.

Protecting your non-profit organization from potential lawsuits, property damage, and losses is crucial for owners and organizers. If you’re based in Tennessee, Riskbusters Insurance can help. We’ll guide you through your options to ensure you’re comfortable and confident with the commercial policy you choose to safeguard your organization throughout the year. Contact us today for a consultation and to get started.