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Commercial Real Estate Insurance for Non-Profits

Veteran

Rhonda Van Hasselt Scituate, MA

Hello,

I have just assumed presidency of a local non-profit. We are in the process of shopping for insurance. Is there anyone out there who would be able to chat with me about how to be savvy on this? Thank you so much!

Sincerely,
Rhonda

27 September 2021 3 replies Small Business

Answers

Advisor

Jennifer Polhemus Santa Monica, CA

Good for you! Nonprofits need capable, resourceful leadership. You probably already know about this http://massnonprofitnet.org/ and I suggest posting an inquiry to their Facebook page or list-serve.

Advisor

Jerry Welsh Middleville, MI

Rhonda,
The key will be to find information without a sales pitch. Insurance sales is a very lucrative and competitive market. You might seek a fellow not for profit CEO in your area and ask them about their insurance experiences. The local Chamber of Commerce maybe able to hook you up with some of those CEO's or look for a group of non profit CEOs on LinkedIn or Facebook professional. Again, look outside the insurance industry for guidance, then when you request insurance, tell them what you want, not what they think you need. I know this sounds crass but you can not live without insurance, but you can be sold too many insurance products. Thanks for your service and God Bless. P.S. I was the president/CEO of a not-for-profit organization if that helps.

Advisor

Samantha Kim New York, NY

Hi Rhonda,

Thank you for your question and congratulations on the new role! In terms of guidance during the shopping process, I've included a few links I found on things to keep in mind while looking for insurance.

https://www.workcompone.com/blog/smart-small-business-insurance-shopping
https://www.insureon.com/blog/items-to-consider-before-you-buy-business-insurance

Additionally, please feel free to utilize our Articles and Community tabs - here (https://acp-advisornet.org/questions/1422) is an article from a few years ago about shopping for business insurance. Though the business is different, the advice is still pertinent. You can also look through our Community tab for Insurance professionals you can reach out to directly to get some more detailed advice.

Please let me know if you have any questions about navigating the articles or Community tabs!

Best,

Samantha

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