Insurance for nonprofits in North Carolina

What insurance does a NC nonprofit need?

General liability (premises and event liability), directors and officers (D and O) liability for board members, employment practices liability (if they have employees), commercial property (for owned equipment and space), and volunteers coverage (for injuries to unpaid volunteers). Organizations serving children or vulnerable populations also need abuse and molestation coverage.

Do NC nonprofit volunteers need insurance coverage?

Volunteers are generally not covered by workers comp (which covers employees). A separate volunteer accident policy or volunteers coverage endorsement provides medical expense coverage for volunteers injured while performing organizational activities. This is an often-overlooked gap in nonprofit coverage.

Are NC nonprofit board members personally liable for organizational decisions?

Yes. Board members can be personally named in lawsuits alleging breach of fiduciary duty, mismanagement, discrimination, or other wrongful governance acts. D and O insurance protects their personal assets in those situations. Without it, qualified people may decline to serve on your board.

Does IronHaven write nonprofit insurance in NC?

Yes. IronHaven works with carriers that write nonprofit insurance packages in NC, including organizations of various sizes, missions, and volunteer structures.