OUR SOLUTIONS – By Insured Type


By Insured Type

Times are not easy for Non for Profit Organizations. Economic uncertainty and public budget constraints have reduced their sources of income. At the same time, society increasingly needs and demands the services provided by the Non for Profit Sector. In addition, regulators are more active than ever. Technology, which enables growth and productivity but threatens every Non For Profit Organization leaving the company vulnerable to attacks from every corner of the world. And Employees are more prone to fight to protect their rights.

In this context, insurance plays an increasingly important role, particularly when it stops being an instrument that only pays claims when they happen and it starts becoming an additional Risk Management tool that helps Non for Profit Organizations reduce their exposures.

At Beluga we have designed a series of products that cover the different areas of liability Non for Profit Organizations face.


Systems and data are at the heart of every organization, no matter how large or small they are. In this day and age, those assets are often more valuable that any physical assets and therefore they need to be protected. Cyber Insurnace can help organizations recover if the unthinkable were to happen.

Cyber threats come in many different forms. From a disgruntled employee who steals vital data to hackers that locks an organization’s computers, start deleting files and demand a ransom. And the consequences can also vary. From fines imposed by data protection agencies to loss of reputation and even a total interruption of activities. For these reasons, it´s important to take out an insurance that not only repays your expenses, but that it can help you get back on your feet.

At Beluga, we offer a comprehensive insurance policy that also provides access to the Zurich DigitalResolve service. We also help organizations that do not meet the minimum requirements to be insured by pointing them in the direction of consultants who can help them strengthen their security as well as their policies and procedures.


Recent legislative changes have left Directors & Officers of Not for Profit Entities more exposed than ever to liability claims. All associations and foundations are now considered Enterprises. The new Book XX of the Economic Law Code applies to all enterprises, which makes that all VZWs/ASBLs can now be declared bankrupt. Moreover, the new company law will now also apply to associations, which will mean that the same liability rules will apply, including the joint and several liability … As a result, and in addition to measures to professionalise directorships, Directors & Officers Liability Insurance has become a must.

Beluga Management Liability Insurance Associations & Foundations has been designed with these entities in mind, including covers for the entity itself under its Corporate Legal Liability section.

Specific Features for Associations & Foundations

  • Language adapted to Associations & Foundations
  • Clauses with regard to changes in legal structure adapted to Associations & Foundations
  • Subsidiaries of Associations & Foundations are also included
  • Underwriting linked to the legal definitions of small/large/very large Associations & Foundations

Stay tuned for new covers specific to Associations & Foundations in the near future.

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