A nonprofit organization should consider getting Chamber of Commerce/Nonprofit Organization Liability Insurance.

Chamber of Commerce/Nonprofit Organization Liability Insurance helps protect your organization from risks not covered by a general liability policy.

This type of insurance typically includes coverage for:

• Bodily injury
• Property damage
• Advertising claims

Real-world examples of coverage include:

• Auction or art show – Covers theft or vandalism of artwork owned by others
• Youth Recreation Center – If a teenager is accidentally injured, the policy can cover medical costs, legal fees, and settlements
• A guest trips on the dance floor and breaks an arm or a leg – The policy can cover medical expenses and legal defense
• A water pipe bursts and ruins a guest’s clothing – The policy can help cover the cost of damages

Bodily Injury

If someone is injured on your nonprofit’s premises, you could be held responsible for their medical expenses and other costs.

Chamber of Commerce/Nonprofit Organization Liability Insurance can cover legal defense costs, settlements or court judgments, medical expenses, and even funeral expenses if the injury leads to death.

This coverage can help protect your organization from significant financial loss in the event of a lawsuit.

Property Damage Claims

This insurance can also cover damage to someone else’s property while it’s in your care, custody, or control. This can be especially important during events or programs hosted at your facility.

Advertising Claims

If your nonprofit’s promotional materials are accused of infringing on another company’s brand, such as through copyright or trademark violations, liability insurance can help cover legal fees and settlements related to those claims.

Chamber of Commerce/Nonprofit Organization Liability Insurance is designed to fill in important coverage gaps that general liability often doesn’t address. A qualified and local insurance expert can help you with advice and insurance quotes for your specific needs.

Frequently Asked Questions

What is Chamber of Commerce/Nonprofit Liability Insurance?

It’s a specialized insurance policy that helps protect nonprofit organizations and chambers of commerce from bodily injury, property damage, and advertising liability claims.

Does my nonprofit still need this if we have general liability insurance?

Yes. This coverage addresses specific risks not typically included in general liability policies, such as event-related damage or third-party injury lawsuits.

Is this insurance required by law?

Requirements vary by state and situation. Some venues or grantors may require proof of this insurance for participation or funding.

What types of events are covered?

Common events include fundraisers, auctions, shows, and recreational programs. Coverage depends on the policy terms and exclusions.

Can this insurance cover volunteers?

Depending on the policy, volunteers may be included. It's important to review your coverage details with an insurance expert.

Still have questions? Talk to a local insurance expert.