October may be the season for ghosts, goblins, and ghouls — but there’s something even scarier lurking in the shadows for nonprofits: coverage gaps. These hidden risks can creep up when your organization assumes you’re protected… only to find out too late that a claim isn’t covered.
- The Phantom of “It’ll Never Happen to Us”
Many nonprofits operate on tight budgets and lean teams. That can lead to skipping certain coverages like Directors & Officers (D&O) insurance or cyber liability protection. But all it takes is one lawsuit, data breach, or volunteer injury to cause real-world damage that can drain your mission’s resources. - The Curse of Outdated Policies
If it’s been more than a year since your last policy review, your coverage might be as outdated as last year’s Halloween candy. As your nonprofit grows—adding programs, staff, or events—your risk changes, too. Without adjusting your policies, you could be left underinsured when you need help most. - The Invisible Threat: Cyber Risk
Even nonprofits aren’t immune to hackers. In fact, small organizations are often targeted because they lack robust defenses. From donor data to payroll information, a cyberattack could stop your operations cold and cost thousands to recover. - The Silver Bullet: Annual Coverage Reviews
The best way to fight these “monsters” is through regular coverage reviews. A trusted nonprofit insurance advisor can help you identify where your policies fall short, recommend affordable solutions, and make sure your protection grows with your mission.
This October, don’t let unseen risks spook your nonprofit. Shine a light on your policies, fill in the gaps, and ensure your mission stays protected—no ghost stories required.