Many social service organizations have physical assets—assisted living facilities, daycare and school buildings, gyms, residential homes, treatment centers, shelters, and worship facilities. Commercial property insurance protects your buildings and their contents whether you rent, or own.
Casualty insurance protects your organization from losses caused by injuries to individuals or for damage to their property.
Property Insurance
What it protects
Property insurance covers your physical assets from perils such as:
Fire
Storms
Theft
Vandalism
This is true whether the property is owned or leased.
In addition to your building and its contents, a property policy can cover:
Computers and other electronic equipment
Expenses due to loss, such as renting a new location during repairs
Fixtures, furniture & supplies
Intangible property
Leasehold improvements
Signs, fences, and other outdoor property within 100 feet of the building
Valuable documents
Typical exclusions are money & securities, vehicles (subject to motor vehicle registration) and damage caused by crime, flood, earthquake, terrorism and wind.
Casualty Insurance
What it protects
Typically, casualty insurance provides coverage for personal injury, bodily injury or property damage caused to others. It also covers injuries that occur on your business's property.
Bodily injury
Damage to third party property
Personal injury
Advertising injury
Medical expenses
Defense costs
Actions of your full-time employees and temporary staff
Supplemental payments
One typical exclusion is theft. Electronic data liability is often dependent on your industry.