Maximize Charity Defense With Nonprofit Insurance High Limits
Real-World Examples
Consider a nonprofit organization that faced a lawsuit due to a slip-and-fall incident at one of its events. Without adequate general liability insurance, the legal fees and settlement costs could have depleted the organization's funds. However, with a high-limit policy, the nonprofit was able to cover these expenses without impacting its programs.
Similarly, a nonprofit that suffered a data breach was able to mitigate the financial impact due to its cyber liability insurance, which covered notification costs, credit monitoring for affected individuals, and legal fees.