Maximize Charity Defense With Nonprofit Insurance High Limits

Financial Implications and Cost Considerations

While high-limit insurance policies provide extensive coverage, they come at a cost. Premiums vary based on factors such as the nonprofit's size, the nature of its activities, and its claims history. However, many insurers offer discounts for nonprofits that implement risk management practices. According to Insurance Information Institute, nonprofits can reduce premiums by up to 15% through such measures².