Non-Profits & Social Services
FBinsure’s Risk Advisors work daily with social service organizations to develop insurance and risk management solutions that are tailored to their unique and specific needs. With the right combination of products, service, and value all local to you, there really is no other choice.
Our Risk Reduction Approach
We work with your leadership to identify risk control opportunities in more than a dozen areas of your business. This process is the first step in allowing us to make you more attractive to the insurance marketplace.
A goal without a plan is just a wish. Our team works with you to develop an implementation plan. We outline solutions, identify key players in your organization and ours, and schedule the timing of service delivery.
Coverage Needs For Non-Profits & Social Services
Employment Practices Liability
Employment Practices Liability is a common line of insurance that deals with wrongful termination, sexual harassment, discrimination, invasion of privacy, false imprisonment, breach of contract, emotional distress, and wage and hour law violations in the workplace. The Equal Employment Opportunity Commission (EEOC), recognizes eleven types of employment practices discrimination: age, disability, equal pay/compensation, genetic information, national origin, pregnancy, race/color, religion, retaliation, sex, and sexual harassment.
Professional Liability coverage is designed to protect professionals such as accountants, attorneys, real estate brokers, consultants, etc. from liability incurred as a result of errors and/or omissions in performing their professional services. Although there are a few exceptions such as physicians, architects, and engineers, most professional liability policies only cover economic or financial losses suffered by third parties, as opposed to bodily injury and property damage claims.
Workers’ Compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of their employment. While plans differ among states, provisions can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance), and benefits payable to the dependents of workers killed during employment (functioning in this case as a form of life insurance).
Directors & Officers Liability
Directors & Officers liability Insurance (D&O), is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations & trials as well. Intentional illegal acts, however, are typically not covered under D&O policies.
Commercial General Liability
The baseline for commercial insurance programs, a General Liability policy is issued to business organizations to protect them against liability claims for bodily injury and property damage arising out of premises, operations, products, and completed operations; and also offers protection for advertising and personal injury liability that businesses are exposed to in the normal course of their daily operations.
FBinsure is a valued community partner of the Hockomock Area YMCA. Their service is second to none. I know that I can count on FBinsure for all our insurance and risk-related needs
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