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Coverage for a nonprofit musuem can include:
General Liability Directors and Officers Liability Employment Practices Liability Abuse and Molestation Special Events Professional Liability Property Equipment Breakdown Business Income Auto Umbrella Inland Marine Employee Benefits Liability Blanket Additional Insureds Cyber Liability
Nonprofit musuem claim examples
Property Claim:
A water pipe bursts in a museum, resulting in extensive damage to the building. In addition, the incident causes the cancellation of two events, forcing management to refund hundreds of tickets. The organization suffers a loss of $50,000 for property damage and business income.
General Liability Claim:
A guest at a museum slipped and fell in the bathroom and broke his arm. The guest filed a lawsuit against the organization for pain and suffering, medical bills and rehabilitation expenses.
Inland Marine Claim:
During an overnight trip, the museum locked its books in the van and spent the night at a hotel. Later that night, someone used a crowbar to pry open the van and stole all the museum books. The next morning the director noticed that the equipment was missing and notified the police. A total of $9,700 of equipment was stolen.
Directors and Officers Claim:
A donor made a large contribution to a museum. The funds were to be used primarily to buy new books. Instead, the museum, through its executive director and board of trustees, decided to use the funds to take a trip to see a Broadway musical. The donor filed suit, alleging misappropriation of funds. The damages included return of the full contribution plus interest. As some of the money was already spent, the nonprofit would be financially unable to return the entire donation.