Red Cross Chapters Insurance North Dakota Policy Information
Red Cross Chapters Insurance North Dakota. The Red Cross offers an impressive variety of services that each benefit public health - from disaster relief to blood donation, and from teaching first-aid courses to helping veterans and military families.
Red Cross chapters primarily provide food, clothing, shelter, transportation and medical assistance to individuals and families impacted by local or national disasters. While locally based, they may respond to calls for assistance elsewhere in the United States or sometimes overseas.
The organization may provide support to military families, offer health and safety courses such as CPR or First Aid, lifeguard or babysitter training, or may have a blood donation center.
Facilities for offices and warehouses may be owned or leased from others. Red Cross chapters are nonprofit and funded primarily through donations and fundraising activities. A large portion of labor may be voluntary.
Its individual chapters are the Red Cross' on-the-ground units, directly serving their local communities. As non-profit entities, they will have employees as well as volunteers.
Given the fact that Red Cross chapters are involved in providing relief in emergency situations, it is no surprise that they face a multitude of risks. Some of the perils Red Cross chapters can encounter are of a more mundane, but not necessarily less costly, nature.
What types of Red Cross chapters insurance North Dakota might be needed to protect its interests in the event of catastrophes or other perils? To learn more, keep reading.
Red Cross chapters insurance North Dakota protects local Red Cross operations from lawsuits with rates as low as $87/mo. Get a fast quote and your certificate of insurance now.
Why Do North Dakota Red Cross Chapters Need Insurance?
Red Cross chapters need insurance for the very same reasons that require any business, governmental entity, or non-profit organization to carry the comprehensive coverage - to protect themselves against ruinous financial outcomes in the event of circumstances beyond anyone's control.
Like any other building, the premises on which Red Cross chapters operate can be damaged in an act of nature or fall victim to serious accidents such as fires, destroying physical equipment ranging from computers to first-aid teaching materials in the process.
Burglary and other forms of theft, including cyber crime, always pose a risk, alongside vandalism. Members of the public, donors, volunteers, and employees may also suffer an injury on the premises, after which the liability costs can be devastating.
Non-profit entities like Red Cross chapters also have to take the possibility that their activities could inadvertently damage third party property into account.
Although the risks a Red Cross chapter faces are many, the right insurance policies can shield them from overwhelming costs that could put the future of the organization in jeopardy. Armed with the correct Red Cross chapters insurance North Dakota plan, local ND chapters can focus on what they do best, knowing that they are protected in worst-case scenarios.
What Type Of Insurance Do ND Red Cross Chapters Need?
Red Cross chapters will need to carry several different types of insurance, each of which shields them from the financial consequences of different perils. The precise types of coverage a Red Cross chapter should decide on depend on factors such as its location and size, the exact scope nature of its activities, and its number of employees.
For this reason, it is essential to consult a skilled insurance broker and to carefully evaluate the kinds of perils each policy covers. With that in mind, local chapters will need to be aware of these key types of Red Cross chapters insurance North Dakota:
- Commercial Property: Should your premises be damaged by acts of nature, theft, vandalism, or certain accidents, property insurance offers a much-needed financial barrier. It not only covers repair bills for a physical building, but also replaces the value of smaller physical assets that were damaged, destroyed, or lost.
- General Liability: This type of insurance exists to protect against the costs associated with third party property damage or physical injury lawsuits - such as attorney fees, repair bills, medical expenses, and court fees. Examples of scenarios covered by these policies would include accidental damage to a visitor's vehicle, or someone being injured after slipping on your wet floor, or even lawsuits following accidental copyright infringements in educational materials.
- Workers' Compensation: If an employee sustains a work-related injury, this type of Red Cross chapters insurance North Dakota pays for their medical costs as well as any wages lost while they recover. In the worst cases, it can also provide death benefits. While Red Cross chapters will require workers comp, they should be aware that these policies do not necessarily cover volunteers.
- Malpractice: Facilities that teach first aid also require malpractice insurance. This would cover events like one student being injured as another practices an emergency technique on them.
While these types of Red Cross chapters insurance North Dakota will be essential for local chapter, they may not constitute a comprehensive insurance plan. It is likely that ND Red Cross chapters will also need auto insurance, for example, as well as cyber insurance to protect their digital assets against theft.
Discussing your risk profile with an insurance broker dedicated to the non-profit sector is, therefore, an important step.
ND Red Cross Chapters' Risks & Exposures
Premises liability exposure for on-premises operations such as office, blood banks, donation locations, and storage and processing locations is moderate due to public access to the premises. Floor coverings must be in good condition, no frayed or worn spots on carpet, and no cracks or holes in flooring. Steps and uneven floor surfaces should be prominently marked. Sufficient exits must be provided and be well marked with backup lighting systems in case of power failure.
Donation locations must be easily accessible for convenient drop-off, with adequate security to prevent unauthorized access while the premises is closed. Parking lots and sidewalks need to be adequately lighted, in good repair with snow and ice removed, and generally level and free of exposure to slips and falls. There should be appropriate security for the area.
At disaster sites, exposures can be high due to emergency operations where volunteers are brought together to aid in recovery. Shelters may be set up in remote locations without adequate utility services. The shelter must be secure for those in its care. Medical care, food, and clothing are also generally provided. Because the public is being served, life safety concerns are critical.
If there are camps and other children's activities, instructors must be trained in appropriate methods of caring for the safety of the children. Personal injury exposures include violating the privacy of clients, libel, and slander, wrongful eviction, or invasion of the right of private occupancy of a living unit.
Abuse and molestation exposure is high due to the supervision of children and other at-risk individuals. No coverage is available for the abuser. While there is some coverage available in the standard market for the institution where the abuse takes place, it is very restricted.
More complete coverage should be purchased through specialized markets. The institution must take all care possible to protect at-risk clients from predatory employees and volunteers through criminal background checks, training, monitoring, and supervision, and report all allegations of abuse to the proper authorities.
Shelters must be monitored to prevent incidents of client-on-client abuse.
Directors' and officers' exposure is moderate. There should be published policies and procedures that are consistently followed, especially as they relate to membership, membership revocation, the election of officers, and removal of officers.
Products exposure can be high if the institution restores and repairs donated items. Because extensive modification may take place, the organization could be considered the manufacturer of an item that causes damage.
Professional liability exposure could be extensive depending on services provided. Professional employees could include medical doctors, nurses, and ancillary medical specialties. Employees and volunteers working at blood banks should be appropriately certified.
Workers compensation exposure includes clerical workers who may develop repetitive motion injuries such as carpal tunnel syndrome, warehouse workers who can slip and fall or incur back injuries from lifting, and, custodians who can develop respiratory ailments or contact dermatitis from working with chemicals to maintain the premises.
Warehouse employees should be instructed in proper lifting techniques. Safety equipment should be provided as necessary. Blood bank employees should be trained in proper handling of bodily fluids. All personnel working under emergency conditions must be trained for those particular situations. Shelter house workers must be able to handle unruly individuals and may be exposed to contagious disease from clients.
There is a special concern with working with the disabled because of the potential for making an already difficult physical situation worse. Drivers must be trained in driving the vehicles, plus methods of loading and unloading of passengers and goods.
Property exposures include office and warehouse locations. Ignition sources include electrical wiring, heating, and air conditioning systems. Operations may be conducted from older buildings. All heating and electrical wiring should be up to date and meet current codes for the occupancy.
Warehouse storage is for donated items, medical goods, and other emergency items that can be provided quickly to those in need following an emergency. Storage should have proper shelving, wide aisles and separation of flammables from combustibles. Cleaning and mending of clothing can produce dust which adds to fire loads. Restoration of furniture will include flammable liquids such as adhesives, paint, and varnish.
Work on donated automobiles may involve the use of grinding, spray painting or welding. These must be conducted away from combustible materials. If food services are provided at permanent locations, there should be controls such as automatic shut-off devices and temperature controls.
Valuation of the donated items at the time of loss could be a concern and should be considered when coverage is written. Donation and distribution centers may be targets for thieves or vandals. Adequate security should be in place after hours to deter pilferage or dumping.
Some chapters operate blood banks which require totally sterile conditions for the collection and storage of blood. Proper refrigeration requires an ongoing maintenance agreement and backup power source.
Crime exposures come from employee dishonesty and theft of money and securities. Background checks should be conducted on all employees and volunteers handling funds. Employee dishonesty coverage should be expanded to include volunteers as employees.
There must be a separation of duties between persons handling deposits and disbursement and reconciling bank statements. Audits should be periodically conducted, preferably by an outside firm.
Inland marine exposures include accounts receivable for-fee services and promised monetary donations, computers, goods in transit, mobile equipment, and valuable papers and records for client information, donor lists, and documentation for government and private grants.
Goods in transit and mobile equipment include items that will be used in an emergency, such as tents and medical equipment, and portable blood collecting machinery used for off-site blood drives. Proper storage and security for the items when off site are important since medical equipment is very expensive.
All records must be duplicated and kept off site for easy restoration in the event of a loss.
Commercial auto exposure can be high due to the transportation of goods and individuals under emergency conditions over damaged roads in remote locations. Vehicles used for blood drives can be bulky and difficult to maneuver in congested traffic.
Services may be provided to transport disabled persons within the community. All drivers must have an appropriate license for the vehicle being driven and acceptable MVRs. Owned vehicles must be maintained, with records kept at a central location.
Red Cross Chapters Insurance North Dakota - The Bottom Line
For the safety of your chapter, your employees and the people you serve, having the right red cross chapters insurance North Dakota coverage is essential. To find out what types of options are available to you and how much your coverage will cost, speak to a reputable commercial insurance broker.
North Dakota Economic Data, Regulations And Limits On Commercial Insurance
Are you an entrepreneur? Are you thinking about launching a start-up business in North Dakota, or are you thinking about expanding an already existing business to the state?
If so, it's important to consider the economic trends and the commercial insurance requirements of the Peace Garden State.
Understanding the economic trends of state is crucial for business owners because this information indicates whether or not the climate is favorable for success.
Being aware of the commercial insurance policies that the state mandates is also important so that you know what types of coverage you need to invest in order to properly protect your venture and ensure you are complaint with the law.
Below, we offer an overview of these two critical factors for related to the state of North Dakota.
Economic Trends For Business Owners In North Dakota
Unemployment rate is a strong indicator of a state's economy. The lower the rate, the more people are employed, and that information is directly related to the success businesses are experiencing in the state.
In December of 2019, the Bureau of Labor Statistics reported that the unemployment rate in the Peace Garden State was 2.4%, which was 1.1% below the national average of 3.5%. This statistic indicates that North Dakota offers a favorable economy for prospective business owners who are thinking about establishing operations in the state.
Additionally, the state is tax-friendly, offers a healthy quality of life, and has a healthy startup environment, making it an ideal location for entrepreneurs.
As in most states, the areas where entrepreneurs can expect to see the most success in the North Dakota are urban locations and the suburbs that surround them. These areas offer access to more regional markets, provide larger markets, and offers a more diverse (both in numbers and qualifications) workforce.
As such, the best locations to start a business in ND include:
- Grand Forks
- West Fargo
Organizations in numerous sectors can expect to see success in this state, as there are several industries that are thriving in North Dakota. The top industries include:
- Hospitality and tourism
- Retail and wholesale distribution
Commercial Insurance Requirements In North Dakota
The North Dakota Insurance Department regulates insurance in ND. North Dakota mandates very few forms of insurance coverage by law. They enforce worker's compensation.
North Dakota requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.
North Dakota also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
Additional Resources For Non-Profit Insurance
Find useful articles on business insurance for non-profit 501(c)(3) organizations, charities and associations.
- Animal Shelter & Pet Rescue
- Classic & Collector Car Clubs
- Fraternal Organization
- Goodwill Insustries
- Labor Union
- Parent Teacher Organization
- Public Administration
- Red Cross Chapters
- Salvation Army
- Social Work Services
- Veterans Groups
- Volunteers of America
- Youth Groups
For 501(c) Non-Profits - Directors And Officers Liability Insurance has become an increasingly important policy to have. D&O coverage protects insured directors or officers against claims involving allegations of wrongful acts occurring while performing their duties as such. The insurance is divided into two separate coverages:
Side A coverage reimburses the individual directors and officers for payments made for loss each has incurred because of wrongful acts.
Side B coverage reimburses the corporation for the payments it has made on behalf of the directors or officers themselves.
General Liability is a foundational policy for almost any business. Most companies do not have any control over the final cost of injuries to a person injured because of their operations, products, or services. The person injured may be a young child, a blue-collar worker, a surgeon, or a homeless person.
The cost of the injuries may be comparatively minor or run into the millions of dollars, depending on the person and the extent of his or her injuries. Do you have sufficient assets to pay such a loss?
Commercial general liability insurance is designed to help you protect your assets with three main coverages:
- Coverage A: Bodily Injury and Property Damage Liability
- Coverage B: Personal and Advertising Injury Liability
- Coverage C: Medical Payments
Minimum recommended small business insurance coverage: Building, Business Personal Property, Business Income and Extra Expense, Employee Dishonesty, Money and Securities, Computers, Valuable Papers and Records, General Liability, Directors and Officers Liability, Employee Benefits, Professional, Umbrella, Hired and Non-owned Auto & Workers Compensation.
Other commercial insurance policies to consider: Earthquake, Equipment Breakdown, Flood, Computer Fraud, Forgery, Fine Arts, Musical Instruments, Commercial Articles Floater, Computers, Cyber Liability, Employment-related Practices, Business Auto Liability and Physical Damage and Stop Gap Liability.
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Also find ND local small businesses by General Liability Class Code and learn about North Dakota small business insurance requirements for general liability, business property, commercial auto & workers compensation including ND business insurance costs. Call us (701) 540-5400.