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Vermont Veterans Groups Insurance Policy Information

VT Veterans Groups Insurance

Vermont Veterans Groups Insurance. Support groups for veterans can serve former and current members of various branches of the military in a multitude of ways. These veteran support groups may help veterans adjust to civilian life again, offer counseling for PTSD, help veterans find new employment, and provide various services to veterans with disabilities and other health problems.

Veterans groups are organizations formed to meet the needs of veterans of the United States armed forces, including counseling, education, job placement, medical assistance, rehabilitation, substance abuse programs, and vocational training.

Some assist veterans in obtaining their basic needs for shelter, clothing, and food. Some specialize in educating veterans about their rights and benefits and increasing the awareness of the general public regarding the ongoing need for support.

Some have snack bars or full-service restaurants that may be open to the general public. Alcoholic beverages may be served at social events.

Veterans groups may be government supported or subsidized or may work jointly with government-provided services. Labor can be a combination of paid employees and volunteers. Financial support may be from membership dues, donations, government subsidies, or fundraisers.

Geographic exposure is usually local, but some veterans groups are involved in statewide or nationwide activities.

Although some veterans groups are run by government departments, such as Veterans Affairs, many also exist as grass-roots non-profit organizations.

While a group of veterans can, of course, come together to informally support one another, any veteran support group that provides tangible services, and that has physical assets, will need to examine what kinds of Vermont veterans groups insurance coverage are required to ensure that the group's interests are protected - even if it were to face a potentially costly peril.

Why is insurance important for veterans groups? What type of coverage do you need? Below, you'll find the answers to these questions and more so that you can make sure that you, your employees, the people that you serve - and your business as a whole - are properly protected.

Vermont veterans groups insurance protects your organization from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.

Why Do VT Veterans Groups Need Insurance?

Formal veteran support groups, which are usually registered as non-profit entities, may own or rent premises on which they carry out some of their most important activities, complete with assets as varied as computers, HVAC systems, and furniture.

VT veteran support groups may offer concrete services, like peer counseling, group therapy, job training, or even physical therapy, to their members. Some of these groups will help veterans in need find housing, or provide them with material support.

Whenever a group is run similarly to a business, and it has a budget and other assets to manage, it will also require appropriate insurance coverage.

Perils such as earthquakes, hurricanes, wildfires, and other acts of nature can, after all, cause massive damage to such a group's physical assets - leading to equally massive costs. Theft, vandalism, and accidents that lead to fire or water damage, are other examples of events that can easily have devastating financial consequences.

Then, there is the possibility that a member, guest speaker, donor, employee, or anyone else becomes injured on the premises or as a result of the group's activities. A veteran support group can be held liable in these cases, something that can mean drawn-out and expensive litigation.

Having the correct Vermont veterans groups insurance is essential, as the right coverage steps in to take care of a large portion of the costs associated with these and other risks - in turn allowing the veteran support group to continue serving its members to the best of its abilities.

What Type Of Insurance Do Vermont Veterans Groups Need?

The types of insurance that best fulfill the needs of a veterans' group are dependent on the nature of the group's activities.

Does the group own or rent its own premises, or does it meet at third party facilities such as public libraries or churches? What types of services does the group provide, how many members does it have, and how many people are in its employment?

A skilled insurance broker who specializes in the non-profit sector will be able to help veteran support groups craft an outstanding insurance plan tailored to the group's risk profile.

Some of the kinds of Vermont veterans groups insurance needed, however, include:

  • Commercial Property - In the event that the premises on which a veteran support group operates are affected by perils such as fire, vandalism, or acts of nature, this type of insurance helps to cover the repair and replacement costs that follow. This is true whether the premises are rented or owned, and property insurance covers not only the physical building, but also the diverse assets inside.
  • General Liability - This essential type of Vermont veterans groups insurance helps you manage the costs associated with third party property damage or physical injury claims - by covering your attorney fees as well as any settlement costs.
  • Crime - This kind of coverage exists to cover costs related to crimes such as employee embezzlement or forgery, which are not generally covered by property insurance.
  • Workers Compensation - Any business or non-profit organization with employees will typically require workers' compensation insurance. This type of coverage funds the medical bills and possible lost wages for employees who sustain a work-related injury.

Since VT veteran support groups are each unique, it is possible that your group may not need all of these kinds of insurance. A veterans' group could also have additional insurance requirements, such as auto insurance for any vehicles it uses in an official capacity or cyber insurance to protect its digital assets.

To find out what Vermont veterans groups insurance options to consider, speak with a commercial insurance broker.

VT Veterans Groups' Risks & Exposures

Premises liability exposure is moderate due to the number of people visiting the premises. Visitors can be injured from slips and falls. 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. Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls.

Fundraising activities must be evaluated to determine whether a special events policy is needed. If there are outside contractors, certificates of insurance must be obtained and maintained. Personal injury exposures include alleged assault and battery, discrimination, and invasion of privacy.

Directors and officers exposure is moderate. Policies and procedures should be published and consistently followed, especially as they relate to membership, membership revocation, the election of officers, and removal of officers.

Liquor liability exposure arises from liquor sold as a part of the group's regular operations. Servers must be trained to recognize the effects of excessive alcohol consumption, to verify the age of those ordering alcoholic beverages, and to refuse service to underage members or guests.

Court interpretations have been inconsistent on the application of the liquor exclusion on clubs. Any group that regularly sells liquor as a part of their normal activities should consider purchasing the coverage in order to avoid lengthy litigation following a loss.

Workers compensation exposure may be limited to office workers who may develop repetitive motion injuries such as carpal tunnel syndrome. Workstations should be ergonomically designed. Restaurant workers can experience cuts, burns, puncture wounds, slips, falls, and back sprains from lifting.

Cleaning workers can develop respiratory ailments or contact dermatitis from working with chemicals. Any contract with outside firms must specify who is responsible for providing workers compensation coverage to the workers. If the subcontracting firm is responsible, the veteran group should obtain certificates of insurance to verify that coverage.

Property exposure is moderate as operations generally include cooking facilities. Ignition sources include electrical wiring, heating, and air conditioning, and cooking equipment. Electrical wiring must be up to code for its current use. If there is cooking from restaurant operations, controls such as automatic shut-off devices and temperature controls need to be in place. Grease filters should be cleaned and maintained regularly.

Crime exposure includes employee dishonesty and theft of money and securities. Employee dishonesty coverage should be expanded to include faithful performance and to include volunteers as employees. Veterans groups are unlikely to perform background checks on members handling money.

Precautions against dishonesty include having a separation of duties between persons handling money and reconciling bank statements. Two members should verify cash collections as fund-raising events may result in a large buildup of cash. Money should be regularly collected and moved away from the collection area, preferably to a safe. Regular deposits should be made.

Inland marine exposure includes accounts receivable coverage from promised donations, dues, and fundraising events, computers, and valuable papers and records that contain member records and donor lists.

All records must be duplicated and stored at an off-site location for easy restoration in the event of a loss. A special floater may be needed for property used in parades or special events.

Commercial auto exposure will generally be limited to hired and non-owned for members running errands on behalf of the group. Some groups may provide transportation services for members. If there are owned vehicles, all drivers must have licenses appropriate for the vehicles driven and acceptable MVRs.

There should be established criteria for those who are allowed to drive any owned vehicles and how the vehicles may be used. All vehicles must be maintained with records kept in a central location.

Vermont Veterans Groups Insurance - The Bottom Line

To find out more about the exact types of Vermont veterans groups insurance policies you'll need, how much coverage you should have, along with the costs - consult with a reputable agent that is experienced in commercial insurance.

Vermont Economic Data, Regulations And Limits On Commercial Insurance

Made In Vermont

For business-minded individuals who are either thinking about launching their first organization or established entrepreneurs who would like to expand their operations, there are several factors that need to be taken into consideration before proceeding. Of those factors, top on the list of importance is location.

The target market and demographics of a location must be favorable for the industry in order for a business to be successful. By analyzing the unemployment rate of a specific state and the key industries that are flourishing with that state, business owners can determine whether or not the will amass the success they are hoping to achieve.

In addition to understanding the economic data of a state, it's also important for proprietors to know what type of commercial insurance they are required to carry.

If you're considering Vermont as the headquarters of your operation for a branch of your already existing business, read on to for an overview of the economic data and commercial insurance requirements in the Green Mountain State.

Economic Trends For Business Owners In Vermont

In December of 2019, the Bureau of Labor Statistics reported that the unemployment rate in Vermont was 2.3%; 1.2% lower than the national average of 3.5% during the same time period. While the state's unemployment rate did rise slightly – it was 2.1% in July of 2019, for example – these statistics sill indicate that Vermont has a healthy economy that is conducive for business owners and residents of the state.

The favorable tax climate, the healthy environment, and the overall quality of life in Vermont are just some of the reasons why the economy in this state is booming.

As in most states, densely populated urban areas offer the most promise for businesses. These regions offer a larger workforce and market than smaller suburban and rural areas, they're easier to access, and they are more closely connected with surrounding states and the region of New England, as a whole.

With that said, the top places to start a business in Vermont include:

  • Bennington
  • Brattelboro
  • Burlington
  • Killington
  • Manchester
  • Montpelier
  • Rutland
  • Stowe

Several industries are seeing significant growth in Vermont. At the time of writing, the following sectors were seeing the most growth in the state:

  • Agriculture
  • Education
  • Food and beverage
  • Health care
  • Hospitality and tourism
  • Manufacturing
  • Professional services
  • Retail
  • Technology
Commercial Insurance Requirements In Vermont

The Vermont Department of Financial Regulation regulates insurance in VT. Vermont mandates very few forms of insurance coverage by law. They enforce worker's compensation.

Vermont 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.

Vermont 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.


Non-Profit Insurance

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 VT local small businesses by General Liability Class Code and learn about Vermont small business insurance requirements for general liability, business property, commercial auto & workers compensation including VT business insurance costs. Call us (802) 909-0067.

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