July 1 Is Quickly Approaching — Are Your Social Service Organizations Covered?
While relaxation may be on the minds of many come summer, nonprofits catering to the needs of millions do not stop their operations. For these organizations July 1, or “7/1,” is a crucial date. It signifies the start of their fiscal year, which is tied to their budgeting operations, grant cycles and revenue cycles. This means they need to have their insurance ready to go on 7/1.
This renewal date is a unique one because needs have increased as a result of COVID-19. Communities are seeing a decline in social connection, greater food and housing insecurity and an opportunity to address the mental health of youth. Individuals can seek help in the form of counseling, food banks, health care support, special needs services or substance abuse relief, to name a few. Also, according to the World Health Organization, clinical anxiety post-COVID-19 has increased by 25%, and billions of dollars are being poured into residential facilities to help house the unsheltered and those with mental health conditions. Assistance knows no discrimination; people of all ages, races and demographics can find themselves in need of help.
Youth organizations don’t take a summer break either. Traditionally, many summer activities are outside, but not all. Indoor camps and clubs include STEM clubs, robotics clubs and short-term academics, art and dance camps. These summer programs are beneficial — and even vital — to youth, their parents and guardians, and the community as a whole. While these camps and clubs are helping children and teens keep their minds fresh and helping parents keep their children busy while school is out, they can find themselves liable for a variety of claims.
- Bodily injury
- Physical and sexual abuse
- Contract violations
- Breach of duty
- Misappropriation of funds
- Defense costs
USLI offers a variety of insurance and value-added solutions for nonprofits with our Social Services product. Our comprehensive package policy offers:
- General liability
- Professional liability
- Abuse and molestation
- Directors and officers
- Employment practices
- Hired and non-owned auto
- Special events
In addition, our newly broadened Social Services product classes include youth community centers, learning disorder services, mental health counseling, and programs for those with special needs. We have recently expanded our appetite to include more residential care exposures as well.
USLI’s Business Resource Center also provides value-added resources that greatly benefit social service organizations, such as the ability to upload digital permission slips and waivers, discounted background checks, marketing safety, cyber breach and much more.
Please contact your Nonprofit Package underwriter today for more information about our product.
As always, thank you for your support and business.
Contact Jessica Knopp
Assistant Vice President, Assistant Team Leader | 888-523-5545, ext. 2114
Written by Kristin Ryan
June 2, 2022