Coverage That Helps Drive Your Mission Forward
The range of nonprofit organizations can be staggering. While they have many differences, they are alike in one important way: each one has a core mission that it aims to move forward. Whatever your goals are, HUB International can help you get there. We offer nonprofit insurance in Tampa that can be tailored to match your organization’s structure, size, and scope.
What Are Some of the Challenges Nonprofits Face?
There is no doubt that you want what is best for your nonprofit. Getting it where it needs to be means overcoming a host of challenges that can increase organizational risks. You’ll need to learn how to successfully manage challenges such as these to help keep risks to a minimum.
- Employment-Related Challenges: There are many employment-related challenges faced by nonprofit managers. For example, many organizations have trouble attracting and retaining qualified employees. Developing and implementing training programs can also be a source of concern, particularly if you use many volunteers.
- Financial Challenges: Many people assume that a nonprofit doesn’t want to make money. However, increasing profits is a great way to move your mission forward if that money is managed correctly. You will need to develop and balance realistic budgets and learn how to properly manage money as a nonprofit leader. You may also need to develop strategies to raise funds to implement your mission-focused strategies.
- Challenges in Board Management and Oversight:Every nonprofit has a board of directors to provide governance and oversight. However, the board itself must also be carefully managed and reviewed. Chances are pretty good that you have neither the time nor training to handle that responsibility on your own.
How Do Those Challenges Translate into Risk?
The processes involved in pursuing its mission can open your nonprofit up to a host of risks and potential liabilities. At HUB International, we understand the unique needs of — and risks faced by — nonprofit organizations. A few of the risks our Tampa nonprofit insurance can help mitigate include:
- Hosting community events or fundraisers creates increased liability
- Poorly trained employees or volunteers that perform work outside of their area can cause damage or injury
- The mismanagement of assets, especially large endowments, can cause financial or legal complications
- Routinely providing care for at-risk or vulnerable community members can lead to injury or property damage
- Allowing the public — even clients or customers — onto company property could result in an accident or injury
Why Choose HUB for Your Nonprofit Insurance in Tampa?
Many nonprofits run on very thin margins. That doesn’t mean you have to settle for sub-par insurance coverage. Let us help you find a policy that fits your budget while also meeting your needs, so you can stop worrying and focus on your mission.
As part of every nonprofit insurance policy in Tampa we issue, we will also work with you to create safer and more streamlined processes. We can assist with hands-on guidance, management, and education programs for you and your employees and will work to advocate on your behalf. We provide a value-added service through:
- Identifying threats to your assets
- Managing cybersecurity threats and concerns
- Suggesting practical and cost-effective risk-management strategies
- Promoting compliance with applicable policies and regulations
- Assisting with reputation management by identifying potential threats to it
- Working to improve employee health, morale, wellness