I only know of one insurer that understands fiscal sponsorship, a 501(c)(3) called Nonprofits Insurance Alliance. For tech orgs, I have also worked with Vouch. Good experiences so far - that said, I have never filed a claim, so take everything I say with a grain of salt.
Types of organization insurance:
- Directors and officers
- Can include employment practices liability insurance (which may also come as part of a PEO relationship, but check for a high deductible!! - you donβt want that)
- General liability (and auto if needed)
- Specific event insurance where needed, per policy (e.g., hiking events or bouncy houses)
- Other related policies may be split out as part of the application
- Property (and Fire)
- Accident
- Umbrella
- Professional liability / errors and omissions (are these the same?)
- Cyber crime
- International liability (GL is only in US)
- Travel accident
- Retirement plan stuff (ERISA, etc., donβt know this well)
- Other special insurances
- Media
Processes you might want to implement:
- Creating process for verifying personal car insurance for people who drive
Additional insureds:
- It is good practice to ask independent contractors and Model C projects to add you as an additional insured on any policies they take out. You can also consider requiring them to have insurance in the first place
This is Not legal advice.