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The Right Insurance for Nonprofit Organizations and Associations

Nonprofit organizations do noble work in our communities on a daily basis. Let Hopewell Risk Advisors help you find the right nonprofit insurance policies so you can keep up the good work.

Why insurance with Hopewell?

Insurance Programs to Protect Your Nonprofit or Association

How necessary is getting insurance for your nonprofit or association? It’s critical to the success of your mission. Even if you’re the only person working for your organization, having the right insurance coverage will keep things on track if the unexpected happens.

It’s up to you to protect your nonprofit with the right insurance solutions. Nonprofits can be held responsible for claims resulting from products or operations, just like any other business, and should be protected accordingly. Insurance provides that necessary protection, allowing your organization to thrive even in the wake of damaging claims and accidents alike. 

All it requires is a change in perspective. Insurance isn’t an expense but a necessary investment in your nonprofit’s future. With it, your nonprofit’s initiatives are safeguarded to better help you help others. 

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What businesses work with us?

What Types of Nonprofits and Associations Do We Insure?

We work to insure any of the 29 different types of not-for-profit organizations that fall under 501(c) of the Internal Revenue Service’s tax code.  We can underwrite policies for organizations like:






"I changed from my previous insurance agency to Hopewell. Forrest took the time to search for insurance plans that would give me the same coverage, but at a much lower price. He is always responsive when I have questions or concerns. I have recommended him to all my friends!"


Our Insurance Products

Nonprofit and Association Insurance Policies We Offer

You care about your clients and your mission, and we care about ours. We’re here to help protect your mission by making sure that you’re protected by the right policies, at the right limits, and for the right price. If you want to know how we do that for the organizations we serve, drop us a line.

General liability insurance for nonprofit organizations addresses the most common risks facing your nonprofit. With it, your leadership and the long-term health of your organization are protected from the high costs of unexpected lawsuits. 

General liability insurance is often required of lease agreements, whether renting or owning property. This insurance protects against common claims a nonprofit organization faces, including: 

  • Bodily Injuries
  • Third-party property damage
  • Advertising injuries
  • Defense costs arising from lawsuits related to covered claims

General liability insurance protects your nonprofit from accidents and unfortunate circumstances. However, it’s important to know it’s not a cure for everything. Here’s what it doesn’t cover: 

  • Workers’ compensation injuries
  • Intentional injuries
  • Employee discrimination lawsuits
  • Fraud
  • Security breaches that fail to protect sensitive information

You may need to explore adding additional liability coverage for volunteers and other nonemployees performing tasks on your behalf. You also may need additional coverage for booking a special event at a particular venue, such as a fundraising event.

Workers’ compensation insurance not only protects your employees, but also your nonprofit from workplace injuries. In most states, it is legally required for employers to provide this kind of insurance. Being a nonprofit does not exclude you from this need — if you have workers, you will have to have this. 

In Oklahoma, organizations with over five employees who are not related by blood or marriage are required to have a workers’ compensation policy. While there are exceptions for this coverage, most nonprofits and associations will need to carry it. 

Workers’ compensation insurance is one of the most substantial methods to protect your nonprofit. No one likes to think of workplace mishaps, but they can happen. When they do, they are costly. Workers’ compensation insurance can help protect nonprofit organizations from the high costs of medical expenses and lawsuits associated with workplace injuries and illnesses. 

Even if you’re not legally required to have this, you should have it anyway. The following circumstances lcould bankrupt your organization if you don’t have the proper coverage: 

  • Medical care for work-related injuries
  • Replacement of lost wages due to injuries or illness
  • Death benefits paid to the family of workers who died from a work-related injury
  • Compensation for disabilities stemming from an on-the-job injury or illness
  • Retraining costs for workers who are unable to return to their original job due to work-related injury or illness

Workers’ compensation in most states does not cover volunteers or independent contractors who file a 1099. Explore Oklahoma’s guide to workers’ compensation for more details. 

Professional liability insurance for associations or nonprofits is also referred to as errors and omissions (E&O) insurance. While only a handful of professions and industries need E&O insurance in Oklahoma, adding this coverage to a general liability policy can be extremely beneficial.

What makes E&O insurance coverage different from general liability and Directors and Officers (D&O) insurance is that it covers the entire organization and its employees for alleged professional negligence. Unlike other insurance offerings, it can cover errors and omissions related to: 

  • Marketing or advertising materials
  • Administrative oversight
  • Fundraising
  • Professional recommendations

Should your nonprofit organization make a mistake, this insurance will help pay for legal expenses related to that mistake. It also helps pay for negligence, discrimination, and libel suits.

Directors and officers insurance for nonprofits and associations is also referred to as D&O insurance. It protects the directors and board members of your nonprofit. While D&O insurance is not required for Oklahoma nonprofits, it can drastically benefit your organization by protecting its leadership.  

While the principles between E&O and D&O insurance are similar, this form of professional liability coverage seeks to protect the organization’s directors and families. While E&O seeks to cover suit costs stemming from negligence, D&O insurance covers malfeasance, such as: 

  • Fraud, misuse of funds, or budgetary misrepresentation
  • Physical or intellectual property theft
  • Breach of duty that harms the organization
  • Willful violation of a non-disclosure agreement or non-compete agreement
  • Lack of compliance with federal, state, or local labor laws

While no one likes thinking about this, a D&O policy will protect your nonprofit or association from the ramifications of severe wrongdoing. At the end of the day, this type of risk management ensures that your organization has the longevity needed to serve and support your community.

Work From Home Coverage

Coverage for the Modern Nonprofit Professional

Most of our professional lives now involve working remotely or in a hybrid setting. Even if you do most of your work at your organization's premises, it is important to consider additional coverage if you work from home. 

This type of insurance provides a wider range of coverage than your average homeowners’ or renters’ policy. It is possible that your homeowners' or renters' insurance will not even cover a loss relating to your organization, even if your primary office is in your home.

Get in touch with us if you would like to add coverage endorsements for working from home.

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group of volunteers
Why Hopewell?

Forrest Fights for Your Organization

I have worked with my colleagues in the nonprofit and association space for most of my professional career. I know what it takes to run your organization and the challenges you face while working for your cause. 

I do what I do at Hopewell because I am committed to making our state a better place. Progress comes from the work you do for our community — and I’m excited to play my part in that. 

I've compiled a list of frequently asked questions so you don't feel alone when navigating your association or nonprofit insurance needs. Don't hesitate to contact me if you need help.

Let Hopewell Get You Covered

As someone running a nonprofit organization, you have better and more important things to do with your time than shop for insurance quotes. 

Interested in better, simpler insurance solutions that work for your nonprofit? Contact Hopewell Risk Advisors now.