Risk is a part of everyday life in the non-profit industry, especially when your employees and volunteers offer services to vulnerable individuals on a daily basis. When looking at purchasing insurance for CAAs, it’s important to recognize the potential risks your paid and non-paid staff may face, so that you can help cover those risks, accordingly.
Directors & Officers Liability
In the course of making managerial decisions, there may be cases of perceived error or omission, resulting in financially adverse consequences. D&O insurance protects board members or other officers of non-profits in the event of this kind of claim.
Employment Practices Liability
In addition to your management personnel and board members, EPLI policies are designed to protect employees and volunteers from claims involving inappropriate workplace conduct. Under this kind of insurance for CAAs, the most common allegations include wrongful termination, discrimination, sexual harassment, and retaliation.
This type of coverage insures your CAA workers against any liability they may incur in fulfilling their job duties. Non-profit professionals are often exposed to risk because of the sensitive nature of their services and the vulnerabilities of those they serve. Any perceived negligence or wrong-doing can be costly and should be covered.
Sexual Abuse Liability
While most CAA staff (paid and non-paid) execute their work performance with complete professionalism, abuse and molestation incidents do happen. This coverage is especially important for organizations serving children, the disabled, and the elderly.
Helping others can be a risky business. Insurance for CAAs and their professionals is critical for providing continued services, in spite of any liability issues that may arise. In protecting your agencies, you’ll also be protecting the individuals, families, and communities they serve.