Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Business Owners Policy (BOP) protects you from business liability and property damage at a lower cost. BOP covers claims resulting from fire, theft & disasters. BOP also covers claims of bodily injury or property damage during your business operations.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Cyber Liability Insurance protects you from the theft of sensitive data. If you suffer a data breach or software attack, Cyber Liability Insurance will cover the costs of notifying and restoring affected customers, recovering data and repairing security systems.
Why do Political Organizations need insurance?
In this organization, companies are primarily focused on the advancement of the interests of state, national, or political parties. Insurance examples for this industry include campaign organizations, political organizations or clubs, political action committees (PACs), and political parties.
Due to the fact that reputation is vital to a political organization, they are prone to be sued. That alone is enough of a reason for political organizations to get insurance. Insurance is the organization's safety net for such a situation. The insurance will pay for the defense and court fees up to the limits of your policy so you won't have to, and all it takes is a small monthly fee to get your business covered.
What risks do Political Organizations face?
Below are some common risks that political organizations can face:
In the heat of a political dispute, your politician says things that greatly affect the other party in a negative way. The other party files a libel case against your political organization.
Your internal computer infrastructure gets hacked in which your politicians' information, your campaign plans, and other data is exposed to the public.
An employee injures their back when carrying campaign materials. As their employer, you are responsible for the medical expenses of your employee.
How much does insurance for Political Organizations cost?
The cost of insurance for political organizations varies as there are specific factors that need to be defined to get the actual cost of your insurance, namely the size of the organization, the coverage required, and the number of employees. To find out the actual cost of your insurance, simply apply online and we'll send your free quote in as little as five minutes.