Every nonprofit owns business property, and you may also own the building in which you run your operations. Property insurance protects the physical assets your nonprofit owns–such as computers, office equipment, buildings, furniture, fixtures, and other property.
Many if not most businesses lease equipment of one sort or another. Unfortunately these same businesses often think that coverage for these items is automatically covered in their property insurance policy. Just last week I was working with a Santa Cruz insurance client who needed to send a Certificate of Insurance to a leasing company […]