As the operator of an animal shelter, you’re going to do your best to help animals in need. You want to make sure that these animals can find homes but many things can go wrong. When someone visits your animal shelter, there is a risk that they’re going to get bite by one of your dogs. Alternatively, someone may accuse your nonprofit of misusing funds. Both incidents could lead to lawsuits being filed against your organization. This is why you need to protect your nonprofit with a comprehensive nonprofit business insurance policy. The good news is that you’ll be able to obtain multiple quotes from various companies quickly and conveniently.
Comparing quotes helps ensure that you’re able to save money. This will allow you to protect your animal shelter and give back more. ProfessionalsCoverage is here to help. If you need assistance finding a good insurance broker, you should contact them immediately!
What Insurance Will Your Animal Shelter Need?
Canadian animal shelters face a lot of risks. The good news is that you can protect your nonprofit from these problems by acquiring insurance. Certain plans will protect from lawsuits associated with injuries at your place of business. Others will protect your animal shelter and property. So, you’ll need a combination of insurance policies to protect yourself to the fullest. Below, you’re going to learn more about the insurance policies that you need to add to your plan.
General Liability
You need to acquire general liability insurance. Visitors are going to come to your animal shelter so they can look at your dogs and pick one out. Who knows? They may leave with a new family pet. The only problem is that there are risks involved. When a Canadian consumer visits your shelter, they could get injured. They might get tripped by an animal walking around their legs. Or, they may step in a pile of urine, slip, and fall. The possibilities are endless so you need general liability insurance. With this insurance, you can defend your company from these problems.
Once you’ve obtained this insurance for your animal shelter, you’ll know that you’re protected. If anything goes wrong during a visit, there is a good chance that this insurance is going to make a big difference.
Business Owner’s Policy
Since you’re running a nonprofit, you’re likely running a business. With this in mind, you need to protect your nonprofit by using business insurance. Obtaining a business owner’s policy is one of the smartest things you could do. This insurance policy is going to combine a general liability insurance policy with a property insurance policy. Since you’re bundling, you’re going to save money. In fact, using a business owner’s policy is one of the best ways to save money and protect your animal rescue. With this animal rescue insurance policy, you’ll be able to defend your nonprofit from various problems including visitor injuries, damage to a visitor’s property, and damage to your property.
Professional Liability Insurance
Anyone running a Canadian animal shelter or rescue will need professional liability insurance because re homing a puppy can be very risky. You’ve done your best to choose the right family for the dog in question but you could be wrong. Something bad may happen once the dog is moved to the family’s home. For instance, the dog may bite someone or it may destroy the family’s property. This problem could cause the family to file a lawsuit against your family and that can be devastating. You need to offset this risk by purchasing and using professional liability insurance. This insurance offers protection from allegations of negligence, not rehoming a dog as promised, and failing to identify an animal’s injury.
Since nobody is perfect, every Canadian animal shelter needs professional liability insurance.
Directors & Officers Insurance
Failing to have directors and officers insurance will lead to big problems in the future. You need to make sure that your board is protected from potential problems. These individuals are making big decisions for your nonprofit. Unfortunately, there is always a risk that one of your directors is going to make the wrong decision. This could lead to losses and so much more. With that being said, you need to protect these individuals using directors and officers insurance. This insurance can protect your nonprofit from mismanagement of funds, failure to complete your duties, and defamation by current officers or board members.
You need to have this insurance since the risks are grave.
Workers’ Compensation Insurance
Without your volunteers, you’ll have trouble keeping your animal shelter afloat. You’ll run into a lot of problems and your dogs may spiral out of control. So, you’ll want to do your best to protect your workers and show them how much you care. One of the best ways to do this is by acquiring workers’ compensation insurance. This ensures that you’re able to protect your workers when they’re hurt on the job. With workers’ compensation insurance, you’ll be able to pay your worker’s medical expenses when they get hurt on the job. This can be very helpful since it’ll encourage the worker to recover quickly and return to work quicker. Furthermore, you should know that some lawyers are going to file a lawsuit when injured on the job.
If this happens, you need to defend your nonprofit in the courtroom. Having workers’ compensation insurance can help you do that.
Employment Practices Liability Insurance
Since you have a lot of volunteers, you’re taking a lot of risks. You need to shield yourself from these risks by using employment practices liability insurance. This insurance is going to make a difference since disgruntled volunteers may file lawsuits against your nonprofit. There is a risk that one of your volunteers is going to claim that you discriminated against them. Or, they may say that they were sexually harassed on the job. If this happens, you’re going to face a lawsuit and it could end your nonprofit. With employment practices liability insurance, you’ll be able to defend your animal shelter and prevent it from closing its downs prematurely.
The Average Cost Of Nonprofit Animal Shelter Insurance
Running a nonprofit comes with many risks. You may try to avoid getting insurance but this could lead to big problems. If you don’t have insurance, a lawsuit could ruin your business. Furthermore, one of your workers may get injured and you won’t be able to help these individuals. With that being said, you need to protect everyone involved by acquiring insurance. Remember that the costs are going to vary depending on several factors including the location and size of your business. The insurance company will consider your annual revenue, assets, services, location, and size when figuring out how much you’ll pay.
Do You Need Nonprofit Animal Shelter Insurance?
You have to have business insurance for your Canadian nonprofit animal shelter. If you don’t have this insurance, you’re going to face a lot of risks and a lawsuit could ruin your business. With that being said, you should stop what you’re doing and get insurance as soon as possible. Doing so will prove to be very helpful and it’ll help you sleep soundly at night. Take the above information into mind so you can get enough insurance to protect your nonprofit animal shelter to the fullest.
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Other Types of Non-Profit Insurance We Provide:
If your business is not mentioned below, have no worries. Our insurance markets can provide liability coverage for the majority of non profit industries.