As the air turns crisp and the leaves begin to fall, many nonprofits start gearing up for holiday fundraisers, winter programs, and end-of-year reports. But before the busy season begins, there’s one task that deserves a spot on your autumn checklist: a fall insurance coverage review.
Much like you’d check the furnace before the first frost, reviewing your policies now ensures your nonprofit is protected before colder weather — and year-end activities — bring new risks.
Why Fall Is the Perfect Time to Review
Autumn is a natural reset point for nonprofits. You’re closing out events, evaluating the year, and setting goals for the next one. This makes it the ideal time to evaluate whether your insurance coverage still fits your organization’s size, programs, and operations.
Has your nonprofit:
- Added or lost staff or volunteers?
- Expanded or downsized your programs?
- Purchased new equipment or technology?
- Begun hosting more public events or fundraisers?
Even small changes can affect your risk — and your coverage should reflect that.
What to Look For in Your Policy Review
A fall coverage review is more than checking expiration dates. It’s about ensuring your protection still aligns with your mission. Key areas to revisit include:
- General Liability: Does your policy still match the scope of your events and services?
- Property Insurance: Have you updated values for your building, equipment, or supplies?
- Directors & Officers (D&O) Liability: Are all board members listed and protected from potential claims?
- Cyber Liability: Does your policy include modern cyber protections, such as phishing or ransomware coverage?
- Volunteer & Event Coverage: If your nonprofit relies on volunteers or hosts seasonal fundraisers, make sure your liability limits reflect that increased activity.
Protecting Your Mission for the Year Ahead
Insurance isn’t just about paperwork — it’s about peace of mind that lets your nonprofit focus on its mission. Taking the time to review your coverage each fall helps you:
- Catch gaps before they become problems
- Budget for upcoming renewals
- Strengthen your board’s confidence in financial stewardship
- Protect your organization’s reputation and resources
Think of it as preventive maintenance for your mission.
Collaborating With an Advisor Who Knows Your Mission
Nonprofits face unique risks that differ from traditional businesses. Partnering with an insurance advisor who specializes in nonprofits ensures your policies are built around your mission — not a one-size-fits-all template.
A quick annual review with your agent can uncover ways to save money, update your limits, and streamline your protection so you’re covered for every season ahead.
Before the year winds down and winter sets in, take an afternoon to fall into your coverage review. You’ll head into the new year confident that your nonprofit’s protection is as strong and steady as your mission.