What to Know About Employer’s Liability Insurance for Volunteers

VIS Volunteers

All employers know that they are expected to keep their employees safe in the workplace. However, when your employees are volunteers, you may wonder do you need employers liability insurance for volunteers. Here is everything you need to know about proper coverage for charities.

What Is an Employer’s Liability Insurance?

The main purpose of the employer’s liability insurance is to protect employers from financial loss if an employee suffers a work-related injury. In most cases, this type of coverage can help pay for the costs associated with compensation payments or defense against an allegation. To keep themselves properly protected from any unexpected incident, employers should find the liability coverage that works best for them.

Do Charities Need Employer’s Liability Insurance?

Some charities may view this form of coverage is optional. However, all charities still have an important responsibility to keep each of their volunteers safe. If you’re wondering do you need employers liability insurance for volunteers, remember that creating a secure environment for all of your workers can help everyone succeed in the long run.

As explained by VIS Volunteers, the right employer’s liability insurance can keep you properly protected and help your charity thrive. Speak to your insurer or broker to find the coverage that is properly tailored to your needs.

Nonprofits Face These Three Critical Risks

Arroyo Insurance Services

Nonprofit organizations provide valuable social services to communities around the nation. Insurance for nonprofits protects the organization from financial loss due to a lawsuit. Help lower overall costs by reducing the effects of these three critical risks.

Volunteers

The industry relies on volunteer staff to run events, help with day-to-day operations and fundraising for the organization. According to Arroyo Insurance Services, organizations try to balance costs with the need to mitigate risks. Take the time to screen volunteers and then train them to help reduce the risks of negligence, injuries, theft, and damage caused by a volunteer.

Reputation

Nonprofits rely heavily on their reputation for doing good in a community. Bad press negatively affects both the volunteers that run the organization and the amount of money the organization can raise. Mitigating risk is essential to keep the organization’s good name and make obtaining money easier to operate.

Fraud

Fraud affects every industry and nonprofits are not left out. A fictitious company may state they are nonprofit, fundraise in your organization’s name and then run with the profits. Not only can this damage the nonprofit’s reputation, but the organization loses out on needed money.

Insurance for nonprofits is one piece of the larger risk management puzzle. Keeping an eye on these critical risks can help the organization thrive.