Traveling the Insurance Maze

December 22, 2011

Your nonprofit animal shelter or rescue can be at risk for lawsuits from many different risks.  The only to fully protect the orginization is to review your potential risks and pin point how to minimize it.

There are many more types of specialty insurance that may be beneficial to your animal welfare organization such as, police professional liability and bailees insurance if your organization provides private boarding for people’s pets. Other available coverage’s for your organization include flood or earthquake coverage depending on your location, crime loss protection usually for mobile spay/neuter clinics, professional liability for an organization that offers advice, services, and counseling to other organizations or individuals, and fidelity bonds to protect organizations if you provide pet sitting or any other services where theft may be involved. Boiler and machinery coverage insures heating or cooling systems, and veterinary equipment. A small computer policy may be needed to cover the hardware and the cost to restore critical data. Discussing your risk and coverage with your insurance broker will be beneficial to being fully covered and have peace of mind.

One way to do that is through proper insurance coverage and a second way to do that is through best practice procedures and policies and implementing risk management. Implementing policies, procedures, and risk management can reduce your exposures.  Pairing that with proper insurance protection that is designed specifically for animal shelters and rescues with greatly reduce the loss your rescue may face. Contact your agency today to make sure you are properly covered. If you don’t have an agent or aren’t sure your agent truly understands your nonprofit rescue or shelter, call the Animal Welfare Organization Insurance Program.

 

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