Whether it is misclassifying an endowment or releasing incorrect research, professional liability insurance covers claims that may arise when an employee makes an error. Err on the side of caution with a comprehensive plan.
While professional liability insurance pertains to practical errors, directors and officers liability covers financial claims against mistakes that were caused by management’s decisions or practices. Amplified will determine if both are needed and, if so, how much coverage is required.
In today’s ever-changing landscape of what may constitute employment discrimination, carrying sufficient employment practices liability insurance is a smart investment for any business; yes, even non-profit organizations.
As a non-profit business, your company stores a wide range of confidential information and even with security measures in place, that information can be compromised. Cyber liability insurance covers financial losses incurred due to fraudulent incursion of online data.
If your non-profit organization has a physical place of business, commercial general liability insurance is a must. It protects against many types of common claims, including personal injury and property damage.
Every non-profit organization is different. The appropriate amount of workers’ compensation required varies greatly between a fundraising organization and one that sends workers “into the field.” Amplified will right-size your coverage.
Scams happen. Back up your cyber liability policy with Social Engineering Fraud Coverage. When an outside entity scams your team into sending money via fraudulent use of internal communications or what appears to be a legitimate outside vendor, a social engineering fraud policy protects you and your crew.