Struggling to Find Business Insurance in California
Hi everyone,
As the title suggests, I’m having a really tough time securing business insurance. I’ve contacted several providers, including Next, The Hartman, and Hiscox, and was referred to Tivily. Unfortunately, after being transferred to Thimble, I was turned down, and I still haven’t found anyone who can provide coverage.
I recently established a for-profit S-Corp that operates as a 501(c)(3) fiscally sponsored disability resource center. Our mission is to support individuals of all ages in our community. We’re in the process of launching an adaptive equipment library, offering classes and services, one-on-one peer mentoring, and community education. As the owner, I work alongside a team of three dedicated volunteers. While all our services are free, we’re currently applying for grants and aiming to contract with Medi-Cal, CalAIM, and SARC. We’re also preparing to open a physical center that will serve as a social space and adaptive store. We have exciting plans to expand our program offerings this year, but everything is currently on hold due to the lack of insurance coverage, which is essential for securing contracts.
I would greatly appreciate any advice or assistance in navigating this situation. Thank you!
Hi there,
It sounds like you’re facing quite a challenge, and I can only imagine how frustrating it must be not having the coverage you need to move forward with your important work. Here are a few suggestions that might help:
Local Insurance Brokers: Consider reaching out to local insurance brokers who specialize in nonprofit or small business insurance. They often have more connections and can help navigate the options available specifically in California.
Nonprofit Networks: Since you’re a nonprofit, it might be worth connecting with local nonprofit networks, associations, or even other organizations similar to yours. They may have recommendations for insurers who understand the unique needs of organizations like yours.
Specialized Insurance Companies: Look for insurance companies that specifically cater to nonprofits or those in the disability sector. Organizations like the Nonprofits Insurance Alliance often provide coverage tailored to nonprofits.
State Resources: Check with the California Department of Insurance. They might have resources or databases of insurers who can cater to your needs or provide guidance on how to ensure you’re meeting all requirements for coverage.
Consider Wraparound Policies: Since you mentioned that services are free, some insurers may offer event-specific or temporary coverage. Research these options as they could provide a stopgap until you find a more permanent solution.
Peer Recommendations: Utilize social media platforms or forums for other nonprofit professionals. You might find someone who was in a similar situation and can share their experience or recommend an insurer.
Insurance Clusters or Pools: Some groups of nonprofits pool their resources to get insurance. Look into whether this could be an option for your organization.
Don’t lose hope! The right provider is out there, and with the critical work you’re doing, it’s worth pursuing various avenues until you find it. Best of luck!