What type of liability insurance should a nonprofit corporation need to carry?

What type of liability insurance should a nonprofit corporation need to carry?
by

1 Answer

Answer :

Just one that cover the basic needs, to not expend a lot of money. That way it doesn't loose money paying for insurance.
by

Related questions

Are daycares required to carry liability insurance?

Description : Are daycares required to carry liability insurance?

Last Answer : Yes daycares are required to carry liability insurance,the amount is determined by the size of the day care center

Who can file as a limited liability corporation in California?

Description : Who can file as a limited liability corporation in California?

Last Answer : If you intend to "do business as" a name different from your corporation or LLC name, then you can file as a limited liability corporation in California. Read more at www.sos.ca.gov/business/be/faqs.htm -

Warning signs that cause the auditor to question management integrity must be taken seriously and pursued vigorously. Which of the following may lead the auditor to suspect management dishonesty? a. The client has been named as a defendant in a product liability suit. b. The client has experienced a decrease in revenue from increased import competition. c. A new statutory regulation making customer licenses more difficult to obtain may adversely affect the client's operations. d. The president and chief executive officer of the client corporation has held numerous meetings with the controller for the purpose of discussing accounting practices that will maximize reported profits

Description : Warning signs that cause the auditor to question management integrity must be taken seriously and pursued vigorously. Which of the following may lead the auditor to suspect management ... with the controller for the purpose of discussing accounting practices that will maximize reported profits

Last Answer : The president and chief executive officer of the client corporation has held numerous meetings with the controller for the purpose of discussing accounting practices that will maximize reported profits

The following statement(s) is/are correct in relation to diazepam and chlorpromazine: A. Both have anticonvulsant property B. Both do not carry abuse liability C. Both have antianxiety action D. All of the above are correc

Description : The following statement(s) is/are correct in relation to diazepam and chlorpromazine: A. Both have anticonvulsant property B. Both do not carry abuse liability C. Both have antianxiety action D. All of the above are correc

Last Answer : C. Both have antianxiety action

Why does a nonprofit organization need accounting?

Description : Why does a nonprofit organization need accounting?

Last Answer : What is the answer ?

Do I need to purchase liability insurance for my snowmobiles?

Description : Do I need to purchase liability insurance for my snowmobiles?

Last Answer : State farm offer insurance for all types of vehicles you should give them a call.

Do you need event liability insurance for a big wedding?

Description : Do you need event liability insurance for a big wedding?

Last Answer : You do not need event liability insurance for a big wedding. However, if the event is outside, then you may want to consider it. You should take out the insurance if it will give you comfort.

What is the best place online to get good information about a nonprofit organization?

Description : What is the best place online to get good information about a nonprofit organization?

Last Answer : answer:Sorry for adding this as a comment. I want to look at the sources of revenue of an organization.

What can you tell me about nonprofit status? Specifically, negotiating a public charity vs. private foundation status for a theatre company?

Description : What can you tell me about nonprofit status? Specifically, negotiating a public charity vs. private foundation status for a theatre company?

Last Answer : Get a grant writer / 501 ( C ) 3 specialist, I'm in an organization that recently changed to a non-profit. It cost us only $250 for the specialist she collated all of our meeting minutes for many years, ... and it took us 9 months from filing to receive the non-profit status as a 501 ( C ) 3.

How do nonprofit debt management programs work?

Description : How do nonprofit debt management programs work?

Last Answer : answer:The true not for profit programs are funded by the creditors ( Visa, Mastercard etc. ) They will tell you that if you ask, there is training and mandatory meetings. The reduced interest rate is ... maybe a small fee. Look up MMI. I do not work for any of the debt management agencies.

Should I form a nonprofit?

Description : Should I form a nonprofit?

Last Answer : answer:You really have to look at your goals. If you are a non-profit, all of the proceeds that you take in minus expenses should go back into your endeavor. Also, being a non-profit requires ... for example, an S corporation, you (and any partners) would split all of the proceeds after expenses.

Are there any art galleries/venues in San Francisco that will donate space to a nonprofit fundraising event?

Description : Are there any art galleries/venues in San Francisco that will donate space to a nonprofit fundraising event?

Last Answer : There's a gallery in SOMA called "One Taste" that donated the gallery for a fundraiser taht I was doing...I think we paid a nominal fee like $200...they have a kitchen that we used to set ... only spending $150). However, this space is pretty small. You could squish 100 people in, all standing.

Are there any printing shops in the Bay Area willing to rpovide in-kind printing services to a San Francisco nonprofit?

Description : Are there any printing shops in the Bay Area willing to rpovide in-kind printing services to a San Francisco nonprofit?

Last Answer : I might actually try to hit up the big companies first. Staples is often very willing to do free printing for non-profits, if you show up and talk nice with the manager.

Do you know of any good PMIS systems to suggest for a small nonprofit?

Description : Do you know of any good PMIS systems to suggest for a small nonprofit?

Last Answer : answer:I just found a free one called, GanttProject that looks interesting and here is a list of some others that might be useful by the way, are you familiar with http://techsoup.com ? I work for a non- ... at a time. just thought I'd share that with you in case you didn't already know about it.

What Nonprofit organizations are not in the business of?

Description : What Nonprofit organizations are not in the business of?

Last Answer : What is the answer ?

How To Promote Your Nonprofit Organizations?

Description : How To Promote Your Nonprofit Organizations?

Last Answer : Finding ways of earning money for you nonprofit organizationsisn't easy. What's even harder is trying to find ways of promotingyour group without spending a small fortune in advertising. ... discussingan ongoing issue.Does your local paper have a weekly section on neighborhoodhappenings? This mi

How to Start a Formal Charitable Nonprofit Organization?

Description : How to Start a Formal Charitable Nonprofit Organization?

Last Answer : Any group that is organized with a common purpose of serving thecommunity in some capacity can be an informal nonprofit (NPO).However, in order to maintain the integrity and professionalpresence of ... open abank account and continue when the founder is no longer involvedfor whatever reason.The se

grant for champaign county Ohio fairgrounds nonprofit to build restrooms?

Description : grant for champaign county Ohio fairgrounds nonprofit to build restrooms?

Last Answer : grants for champaign county Ohio fairgrounds nonprofit to build restrooms

What exactly is a nonprofit organization?

Description : What exactly is a nonprofit organization?

Last Answer : A nonprofit organization does not have owners or shareholders so it does not retain profits from one period to the next, other than to smooth out funding for organizational programs. Therefore, all money ... of the non-profit, and in saving for future programs. Non-profits do not pay dividends.

How do you apply for nonprofit grants'?

Description : How do you apply for nonprofit grants'?

Last Answer : There are forms that must be filled out for nonprofit grants. Sites like nonprofitexpert.com show the steps and forms that must be filled out for nonprofit grants.

Are all Nonprofit Organizations reputable?

Description : Are all Nonprofit Organizations reputable?

Last Answer : No, not all nonprofit Organizations are reputable, you must search for their history and judge on your own.

where can i find a list of nonprofit organizations?

Description : where can i find a list of nonprofit organizations?

Last Answer : You can find a list at en.wikipedia.org/wiki/Non-profit_organization.

What are nonprofit grants usually given out for?

Description : What are nonprofit grants usually given out for?

Last Answer : Nonprofit grants are given out for a variety of purposes. One such purpose is to help another organization or agency. Some nonprofit grants are also given out as scholarships or fellowships to individuals (usually students) based on requirements set by the nonprofit organization.

are there grants for nonprofit organizations?

Description : are there grants for nonprofit organizations?

Last Answer : Yes, there are many federal and state level grants available for non-profit organizations.

What licenses must one obtain for a nonprofit organization such as a shelter. This shelter would provide educational life skills to the less fortunate. Location is a building setting with maybe five rooms. ?

Description : What licenses must one obtain for a nonprofit organization such as a shelter. This shelter would provide educational life skills to the less fortunate. Location is a building setting with maybe five rooms. ?

Last Answer : License information for a nonprofit organization vary by location, specifically, state-by-state or county-by-county, to learn of what licenses you might need for your nonprofit orginization check your local and/or state laws for license/permit information.

Where can I get information on nonprofit organizations in my area?

Description : Where can I get information on nonprofit organizations in my area?

Last Answer : Check out Guidestar.org, they have a lot of information on nonprofit organizations across the country. Charity Navigator is a great listing of nonprofits that gives ratings to them based on how well they use funding and other variables.

Nonprofit Conference?

Description : Nonprofit Conference?

Last Answer : A nonprofit conference is a conference in which various nonprofit organizations gather together to host an array of activities including public speakers, workshops and more.

Why are Churches titled as a nonprofit?

Description : Why are Churches titled as a nonprofit?

Last Answer : Answers is the place to go to get the answers you need and to ask the questions you want

According to the text, the direct consumers of a nonprofit organisation are its A)general public. B)consumer public. C)member public. D)client public. E)nonbusiness public.

Description : According to the text, the direct consumers of a nonprofit organisation are its A)general public. B)consumer public. C)member public. D)client public. E)nonbusiness public.

Last Answer : D)client public.

Liability Insurance vs. Full Coverage?

Description : Liability Insurance vs. Full Coverage?

Last Answer : To replace or repair your car if it's damaged or totaled. If your car is not worth very much money the comprehensive may not be worth the expense. If it's worth more than 4 or 5 thousand you ... on Kelly Blue Book and see if the cost of replacing you car is worth the expense of the insurance.

Low cost liability insurance?

Description : Low cost liability insurance?

Last Answer : Try a local insurance broker in your area. Stay away from the big national companies because they have more overhead and they have to pay the commission of the agent who writes you. Plus, they do not have ... . If you still need help, send me a comment and I can look into more options for you.

What is the proper response to a matter-of-fact voicemail destined for someone with your same name telling you that the women's shelter does want you to come give pony rides, but that you will be required to provide your own liability insurance in case the pony hurts someone?

Description : What is the proper response to a matter-of-fact voicemail destined for someone with your same name telling you that the women's shelter does want you to come give pony rides, but that you will be required to provide your own liability insurance in case the pony hurts someone?

Last Answer : answer:After laughing and telling my friends, I’d probably call the women’s shelter and explain that they probably had the wrong person. If I were ambitious, I might contact an insurance agency and borrow a pony from somewhere.

Is my liability car insurance good in Canada?

Description : Is my liability car insurance good in Canada?

Last Answer : Allstate covered my rental in Canada about 10 yrs ago. But you would definetly need to check your coverage to be sure. Just call your agent for a quick answer.

What is liability insurance ?

Description : What is liability insurance ?

Last Answer : When an insurance company is liable to compensate for loss of property , loss of personal accident or death as per contract, it is called liability insurance. This liability insurance ... . Examples of liability insurance are fidelity insurance , automobile insurance, machineries insurance , etc.

Is auto liability insurance required in all 50 states?

Description : Is auto liability insurance required in all 50 states?

Last Answer : Yes, auto liability insurance is required in all 50 states, howeve the limits of liability vary between states. Some require less than others.

What kinds of things does my homeowners liability insurance cover?

Description : What kinds of things does my homeowners liability insurance cover?

Last Answer : When you own a home you are libl for nything that happens on your property. Homeowners liability insurance covers you in the event someone i injured on your property. Homeowner's liability insurance ... medical bills and other expenses for guests if something happens to them while at your home.

What is the average premium for excess liability insurance for a 40-year old man?

Description : What is the average premium for excess liability insurance for a 40-year old man?

Last Answer : The average premium fr excess liability insurance for 40-year old man will be arround would be $31-$40 a month.

Does Geico offer affordable liability insurance on motorcycles?

Description : Does Geico offer affordable liability insurance on motorcycles?

Last Answer : Geico offers motorcycle coverage, including liability for bodily harm. While the company is known for its affordable rates, as the consumer, you ultimately have to make that call. www.auto-insurance-helper.com/geico-motorcycle-insurance.html

Can I get Car Insurance that only covers liability and property damage?

Description : Can I get Car Insurance that only covers liability and property damage?

Last Answer : Yes, you can get auto insurance that only covers liability and property damage. However, you will need to purchase collision insurance if there is a lien on your vehicle.

What is covered by property damage liability insurance?

Description : What is covered by property damage liability insurance?

Last Answer : Propety Damage covers you if you damage someone elses property. Liability covers you in the event of a lawsuit.

What kinds of circumstances are covered by excess liability insurance?

Description : What kinds of circumstances are covered by excess liability insurance?

Last Answer : Excess liability insurance gives you extra asset protection beyond your basic policy. It can help in the event of being sued by someone due to injury or negligence in your home or anywhere else.

What is included with comprehensive auto insurance that liability doesn't cover?

Description : What is included with comprehensive auto insurance that liability doesn't cover?

Last Answer : Comp covers theft and accidents iwth other cars. Liability protects you against lawsuits from other people.

What is the average Michigan car insurance rate for liability only policies?

Description : What is the average Michigan car insurance rate for liability only policies?

Last Answer : The average Michigan car insurance rate for liability only policies is about $2000

Does All State Insurance provide liability protection?

Description : Does All State Insurance provide liability protection?

Last Answer : All State provides many types of insurance coverage, including liability protection for drivers as well as homeowners and businesses. Visit http://www.allstate.com/

What sort of liability insurance is needed if you operate tanning beds in your salonDo I have to worry about lawsuits?

Description : What sort of liability insurance is needed if you operate tanning beds in your salonDo I have to worry about lawsuits?

Last Answer : You will need liability insurance and property insurance. Most insurance companies customize your liability insurance. If your insurance covers everything you will not have to worry about lawsuits just make sure there are no loop holes in your policy.

Arkansas Law Requires Proof of Auto Liability Insurance?

Description : Arkansas Law Requires Proof of Auto Liability Insurance?

Last Answer : Owners of registered vehicles in Arkansas are required to maintain liability insurance. This protects drivers against costs related to accidents involving personal injury or property damage. All drivers are ... . An alcohol education program must be completed in order to have the license reinstated.

Can you have liability only car insurance in Michigan?

Description : Can you have liability only car insurance in Michigan?

Last Answer : In state of Michigan, you can only have liability coverage if your car is paid off. Otherwise, you will have to purchase a full coverage policy.

How much liability insurance is required on my car in Alabama?

Description : How much liability insurance is required on my car in Alabama?

Last Answer : As you know the minimum amounts for liability insurance vary from state to state. Alabama has as its minimum requirements the following the minimum liability limits are $25,000 for injury liability for one person, $50,000 for all injuries and $25,000 for property damage in an accident.

Should I get liability insurance?

Description : Should I get liability insurance?

Last Answer : Yes because if you get into a car accident you wont be paying for the other cars damages out of your pocket. Your insurance would cover any expenses for the person who was hit and you wont have to worry about paying all the fees.

Does the state of Georgia only require liability car insurance?

Description : Does the state of Georgia only require liability car insurance?

Last Answer : The state of Georgia only requires liability and property damage coverage. You have the option to purchase additional coverage's. It is a good idea to purchase uninsured motorist coverage.