Nonprofit Insurance Coverage Annual Review
Inadequate insurance coverage can threaten organizational survival when claims arise. This annual review ensures all coverage is current, limits are appropriate for the organization's risk profile, and coverage gaps are identified before incidents occur.
- Industry: Nonprofit
- Frequency: Annually
- Estimated Time: 2-3 hours
- Role: Executive Director / Board Treasurer
- Total Items: 26
Core Liability Coverage
Review core liability policies.
- General liability policy current with adequate limits?
- Directors and Officers (D&O) liability coverage in place?
- Employment Practices Liability (EPL) coverage in place?
- Umbrella or excess liability policy providing additional limits?
- Professional liability (errors and omissions) coverage for service-providing programs?
D&O Coverage Details
Review D&O coverage adequacy.
- D&O coverage limits adequate for organizational risk (typically $1M minimum)?
- Employment practices claims included or separate EPL policy in place?
- Volunteer directors and officers covered?
- Side A (individual officer protection) coverage available?
Workers Compensation
Verify workers compensation compliance.
- Workers compensation coverage current for all employees?
- Coverage extends to all states where employees work?
- Workers compensation poster displayed per state requirements?
- Workplace injury reporting process communicated to all staff?
Special Program Coverage
Review special program coverage.
- Volunteer accident coverage protecting volunteers from injury during service?
- Commercial or hired/non-owned auto coverage for program transportation?
- Cyber liability coverage protecting against data breach costs?
- Abuse and molestation coverage for youth-serving programs?
Property Coverage
Review property coverage.
- Property coverage current for building, equipment, and contents?
- Property values updated to reflect current replacement cost?
- Flood or earthquake coverage considered based on location?
- Business interruption coverage in place?
Annual Coverage Review
Complete annual coverage review.
- Annual broker review conducted to identify coverage gaps and premium savings?
- Competitive bids obtained at least every 3 years?
- Board informed of coverage summary and any significant gaps?
- Insurance certificates filed and available for funder and vendor requests?
- Prior claims history reviewed with broker for renewal?
Related Nonprofit Checklists
- Nonprofit External Communications and Media Policy Compliance
- Nonprofit Tax-Exempt Status Maintenance Annual Review
- Nonprofit Organizational Capacity Building Assessment
- Nonprofit Advocacy and Public Policy Compliance Audit
- Nonprofit Volunteer Leadership and Team Leader Development
- Nonprofit Volunteer Safety Orientation and Training
- Nonprofit Program Partnership and MOU Management
- Nonprofit Special Event Revenue Compliance and Reporting
Related Governance Compliance Checklists
- Nonprofit Board Meeting Preparation Checklist - FREE Download
- Nonprofit Bylaws Annual Review and Compliance Audit - FREE Download
- IRS Form 990 Annual Filing Preparation Checklist - FREE Download
- State Charitable Registration and Renewal Compliance Checklist - FREE Download
- Nonprofit Executive Director Annual Performance Review - FREE Download
- Nonprofit Annual Conflict of Interest Disclosure Process - FREE Download
- New Nonprofit Board Member Orientation Checklist - FREE Download
- Nonprofit Board Governance Self-Assessment - FREE Download
- Nonprofit Whistleblower Policy Compliance and Implementation Review - FREE Download
- Nonprofit Annual Reporting and Compliance Calendar Audit - FREE Download
Why Use This Nonprofit Insurance Coverage Annual Review?
This nonprofit insurance coverage annual review helps nonprofit teams maintain compliance and operational excellence. Designed for executive director / board treasurer professionals, this checklist covers 26 critical inspection points across 6 sections. Recommended frequency: annually.
Frequently Asked Questions
What does the Nonprofit Insurance Coverage Annual Review cover?
This checklist covers 26 inspection items across 6 sections: Core Liability Coverage, D&O Coverage Details, Workers Compensation, Special Program Coverage, Property Coverage, Annual Coverage Review. It is designed for nonprofit operations and compliance.
How often should this checklist be completed?
This checklist should be completed annually. Each completion takes approximately 2-3 hours.
Who should use this Nonprofit Insurance Coverage Annual Review?
This checklist is designed for Executive Director / Board Treasurer professionals in the nonprofit industry. It can be used for self-assessments, team audits, and regulatory compliance documentation.
Can I download this checklist as a PDF?
Yes, this checklist is available as a free PDF download. You can also use it digitally in the POPProbe mobile app for real-time data capture, photo documentation, and automatic reporting.