Insurance for the Office (general liability, directors and officers, and workmans comp)

It is important for you to have insurance for the office, just in case (and no, saying that bad things won't happen to you isn't a way to get out of your need for this kind of insurance). There are three types that we need at a minimum: Directors and Officers, General Liability, and Workmans Compensation.

I am giving you the contacts for our insurance (although you probably want to get quotes from others, check the center for non-profit advancement’s vendor bank for other people to call at http://www.nonprofitadvancement.org/org_profile3893/org_profile.htm):

Directors and Officers (to keep the Board from being personally liable if someone sues the organization): Hugh Wood Inc., Anne Marie Manzi, (212) 509-3777, amanzi@hughwood.com

General Liability (to cover your computers and in case someone gets hurt at your events): Ney Silverman Insurance Associates, 240-290-7000

Workers Compensation (required in DC): also Ney Silverman


What some other Nonprofits use:

Marian Wiggins, Director of Finance and Operations for National Student Partnerships, tells me that she uses Meagher Insurance, 800 Hingham Street, Rockland, MA 02370. According to Marian, "They have negotiated our workman's comp with umbrella, general liability, D&O insurance with various companies to get us a good rate. The contact info is David or Susan Meagher (pronounced Marr) at (781) 792-2727 or dmeagher@meagherinsurance.com"

Shana Young, currently Director of Development with Southeastern University, says "When I was at a small shop I had a great experience with Stephanie Cohen at Golden, Cohen & Braude. She was able to work with us to get great health insurance rates. http://www.golden-cohen.com/team.php"