Basic Types of Volunteer Insurance

Volunteering helps to benefit the community in many ways, and it leads to the betterment of the people within the community. However, carrying out volunteer work may come with various risks. To help mitigate the risks associated with it, it is essential for volunteering organizations or individuals to opt for volunteer insurance coverage. The volunteer insurance will help protect both the volunteer organization and the volunteers working within it. Various types of volunteer insurance coverage are designed specifically for organizations that engage in volunteers. Click here to learn more. Below are the common types of volunteer insurance coverage:

General Liability Insurance

It is also referred to as commercial general liability insurance. It is a type of insurance coverage that virtually all non-profit organizations should have. General liability insurance covers your organization in case a third party, such as a visitor or a client gets injured within the property of your organization. This type of cover may also include other types of volunteer insurance policies such as abuse and molestation liability, and professional liability.

Volunteer Liability and Injuries Insurance

Since in many states the workers’ compensation insurance does not cover the volunteers, there is a policy that offers similar coverage designed specifically for volunteers. A policy that offers the same coverage as the workers’ compensation insurance is the volunteer liability and injuries insurance. Opting for volunteer liability insurance will help in covering for volunteers’ physical injuries. It may also include other sources of liability.

Volunteer Dishonesty

Although we always hope that all volunteers have integrity and good intentions while volunteering, not all can be trusted. Some volunteers may use the organization’s property for personal gain, or others may steal the assets or funds and take them to their homes. Therefore, to protect the properties of the organizations, you can seek for volunteer dishonesty policy to help recover some of the assets or funds stolen by the volunteers back to the organization.

Property Insurance

Whether you are renting or your organization owns the facility in which you operate, you should seek property insurance coverage. A property insurance policy covers all types of property, including furniture, electronics, equipment, and others. In case of theft or damages, the property insurance policy will cover their cost.

Directors and Officers Liability Insurance

For proper running of any organization, it requires leaders who can help in the management. Therefore, every volunteering organization will have directors who aid in its smooth running. However, an employee, a client, or a former volunteer may sue a leader together with the volunteering organization. For instance, former volunteers may be dissatisfied with how they were dismissed from the organization and decide to sue a leader for it. That is why is imperative to have a policy that can help protect the leaders from it, in case it happens.

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