Business Insurance: For-Profit and Nonprofit Coverage

Written by Max | Edited by Rory Hart

Last updated on Sep 21, 2023

Sections of this topic

Person working on a laptop beside a paper illustrating an insurance concept

Whether for-profit or nonprofit, organizations should have certain kinds of insurance. Liability insurance is highly recommended for property and automobiles. Worker’s Compensation Insurance is state-required when you have employees. Part of the decision about what insurance to buy depends on the nature of the business. For example, if it has a lot of assets, it might consider theft and property damage insurance. You may want life insurance on you and other critical personnel in your organization. You also may want to consider various other forms of insurance, for example, Directors and Officers (if you have a Board of Directors) or business interruption.

Sections of This Topic Include

Basics — Types of Insurance and What They Cover
Buying Insurance
Additional Information for Nonprofits
Reference Materials
General Resources

Also, consider

Related Library Topics
Crisis Management: What to do once a crisis already has occurred
Risk Management: Guarding against theft, disasters, security systems, etc.
Safety in the Workplace: About types of workplace injuries, programs to reduce accidents, etc.

Learn More in the Library’s Blogs Related to Business Insurance

In addition to the articles on this current page, see the following blogs which have posts related to Business Insurance. Scan down the blog’s page to see various posts. Also, see the section “Recent Blog Posts” in the sidebar of the blog or click on “Next” near the bottom of a post in the blog.

Basics: Types of Insurance to Consider and What They Cover

Buying Insurance

Property Insurance

Also see Intellectual Property (patents, trademarks, copyrights)
Also, see Property Insurance Law
Property Insurance

Automobile Insurance

Worker’s Compensation Insurance

Life Insurance

Additional Information for Nonprofits

Directors and Officers Insurance

Reference Materials

General Resources

For the Category of Insurance (Business):

To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.

Max

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