Maximize Charity Defense With Nonprofit Insurance High Limits
Why High Limits Matter
The importance of high-limit insurance lies in its ability to cover substantial claims that could otherwise cripple a nonprofit's operations. For instance, legal claims in cases of alleged misconduct or accidents on premises can result in significant financial burdens. According to the Nonprofit Risk Management Center, lawsuits against nonprofits can range from $10,000 to over $250,0001. High-limit policies provide a safety net that absorbs these potentially devastating costs, allowing organizations to focus on their mission rather than financial survival.