Alberta Non-Profit Insurance

Common insurance coverage options for Alberta non-profits

What is covered by your nonprofit insurance will depend on what insurance coverage you choose. Here’s a basic explanation of what’s covered by each type of insurance:

• Commercial property insurance – helps repair or replace the nonprofit’s physical assets including owned buildings, materials, equipment, inventory, and more.
• Commercial general liability insurance – helps cover costs if someone is accidentally hurt or has their belongings damaged on your nonprofit’s premises. This can include medical and legal expenses.
• Professional liability insurance – if your nonprofit provides advice or service, this protection can cover you if a client or third party claims that advice or service causes them financial loss.
• Product liability insurance – if your nonprofit produces or sells products, this type of insurance can cover you if the product causes injury or damage.
• Director & officer’s liability insurance – this may cover legal expenses if lawsuits or a wrongful act allegation is brought against the nonprofit organization or its directors or officers.
• Event liability insurance – nonprofits often hold events and this protection can help cover injuries or damage caused by guests and employees at an event. It is often required by venues.
• Business interruption insurance – if your nonprofit is unable to operate due to a covered claim or mandatory evacuation, this coverage can help cover costs to keep the organization afloat.
• Crime insurance – this coverage can cover losses caused by criminal acts such as employee theft and dishonesty.
• Cyber insurance – this type of insurance can help your nonprofit organization navigate and recover from a cyber incident.
• Commercial vehicle insurance – covers vehicles owned by the nonprofit organization. In Alberta, this includes mandatory third-party liability, accident benefits and direct compensation property damage coverage. You may also want to consider comprehensive, collision and other optional coverages to further protect your non-profit’s vehicles.
• Group benefits coverage – this provides employees with benefits such as medical, dental, disability, critical illness, and life insurance. These policies cover healthcare expenses or provide funds to an employee to reduce the financial burden in the event of a disability, critical illness, or death.

Exactly what’s covered will depend on your individual policy. Different nonprofit insurance companies offer different protections. Your nonprofit insurance broker at Acera Insurance will help you choose the right policy for your needs and budget. They can also explain your coverage and answer your questions.

The cost of non-profit organization in Alberta and finding the best rates

The cost of insurance for a nonprofit will depend on the needs and budget of that organization. Contact us today to get a quote for nonprofit insurance.

What affects the cost of non-profit insurance in Alberta?

The following factors can affect the cost of nonprofit insurance:

• Size of the organization
• What your nonprofit does
• Where you operate
• Premises location (determines claim rate, crime rate, proximity to risks like rivers, nearest fire station and hydrant, and more)
• The cost of repairing or replacing the premises, equipment, furniture, materials, and inventory
• Premises age, type, building material, roofing, and electrical, heating, and plumbing systems
• Damage mitigation or prevention measures like security alarms and sump pumps
• Insurance history
• Insurance options, including coverage, deductibles, and policy limits

If the nonprofit owns vehicles, their year, make, and model will impact rates, as well as how far they’re driven daily, where they are driven, how and where they are parked, and the driving record of the employees or volunteers operating them.

There are many more factors that may impact the cost of insurance for a nonprofit depending on the organization and the insurance company.

How to get a non-profit insurance quote

You can get a quote for nonprofit insurance online, by email, over the phone, or by stopping by one of our branches.

To get an accurate quote, our nonprofit insurance brokers will ask you questions about the organization.

Why partner with Acera Insurance for non-profit insurance in Alberta?

You should partner with Acera Insurance for your nonprofit insurance because:

• We’re independent. We work for you, not an insurer.
• We’re experienced. Our staff has decades of experience in the insurance industry and working with nonprofit organizations.
• We’re knowledgeable. Our nonprofit insurance brokers undergo ongoing training to ensure you’re getting the most up-to-date information and advice.
• We’re competitive. We work with many insurance companies in order to offer competitive nonprofit insurance quotes and choice in coverage.
• We offer unparalleled claims experience.
• We provide exceptional customer service. We believe in a human-first approach to insurance and you’ll notice a difference.

Contact us today for a quote for nonprofit insurance or to learn more.