Charity and Non Profit Insurance
While value is key, so is finding the appropriate insurance cover. Let us do it for you.
Every charitable and not-for-profit organisation is under pressure to keep pace with the ever changing economy. They face daily challenges from raising funds to operations to regulation changes and staffing. This is why charity insurance should be the least of your concerns. Non-profit insurance and public liability insurance for charities can be a complex subject, which is why our insurance specialists are here to help.
Just like your organisation, our experienced, specialist charity insurance team is driven by focus and commitment. Assessing your organisation in line with our market knowledge, we will recommend the best charity or not for profit insurance protection available, at a competitive price. We arrange insurance for charities of all sizes, from national organisations to smaller, independent charities. No matter how big or small the charity, we are able to suit all your requirements.
As our client, you will be given a dedicated charity insurance specialist account manager to handle your insurance cover and provide advice, as well as manage any claims on your behalf.
As part of our commitment to the not-for-profit sector, we make significant donations to various causes as well as sponsoring charity events throughout the year
To start discussing your charity insurance policies, do not hesitate to get in touch with one of our insurance specialists today.
A trustee of a charity has a very important role trying to manage all areas of regulation and law. If a mistake is made due to a breach of trust, breach of duty or negligence, then a trustee can be held personally liable. Trustees Indemnity Insurance will give you a degree of reassurance and will protect the individual trustees rather than the charity itself. For that reason, Trustees Indemnity Insurance is regarded as a form of personal benefit to a trustee of a charity. Please note that Trustees Indemnity Insurance is on a claims made basis, meaning that the insurance only responds to claims first made and notified to the insurer during the period of insurance stated on the policy schedule.
If your charity employs staff, then by law you are required to have Employers’ Liability Insurance that covers all employees for a minimum of £5 million, for injury or disease contracted while carrying out their duties. You must display your Employers’ Liability Insurance certificate clearly, to show that your policy is valid.
If you own or use motor vehicles then these must be insured to include cover against third party injury and property damage, in compliance with the Road Traffic Acts. You must make sure that if employees, trustees or volunteers are using their own vehicles, that they hold sufficient insurance policies. If you own or use a minibus and it is used on a hire or reward basis, there are some special insurance requirements.
It’s always best for charities to treat any volunteers exactly the same as employees when it comes to insurance and make sure that they are covered by your Employers’ Liability or Public Liability insurance.
For events such as fetes, shows and galas, we highly recommend that you have Public Liability Insurance – this may be mandatory for certain venues and they may require you to have a specific minimum level of cover.
To protect your charity against any losses through fraud or dishonesty from employees, you can take out Fidelity Insurance. This cover helps to rectify losses to the charity’s funds or valuables. This cover can also be made to include fraud or dishonesty from any trustees/volunteers. You should always practice good financial and personnel risk management.