Charity & Not-For-Profit Insurance
Bespoke cover for charities, not-for-profit organisations, social enterprises and voluntary organisations.
There are many different types of insurance available for charities and not-for-profit organisations. It is important to make sure your organisation has the right insurance in place to protect it.
If you’re running a not-for-profit organisation, insurance is an important step towards making sure you can deal with the unexpected and continue with the good work you do. Your organisation makes decisions that can literally be life-changing, which means you’ll always face an element of risk. While your plans and resources are directed towards making the world a better place, it’s just as important to make sure you have your own plans in place too.
As a broker, we can provide tailored charity and not-for-profit insurance designed to meet your exact needs.
- Bespoke insurance solutions available
- Expert advice
- Personalised service
- Dedicated account executive
- Risk management support
Types of charity and not-for profit insurance cover
We understand that no single organisation is the same and there will be unique elements that will need careful consideration. In order to help you decide what types of insurance you may need to consider, here’s a summary of some of the different covers available to you:
- Buildings and contents – cover for newly bequeathed or held in trust items, buildings, contents, portable equipment and exhibition stands etc.
- Public & employers liability – protection for the charitable organisation against claims made by members of the public or employees.
- Trustees indemnity – essential protection against claims made as a result of errors or omission of the trustees.
- Professional indemnity – cover if you provide a service or advice.
- Fidelity guarantee – protecting your charity or non-profit organisation against dishonesty or fraud by your employees or voluntary workers.
- Cyber insurance
- Business interruption
- Libel and Slander
- Legal expenses
- Personal Accident and business travel
- Medical malpractice
- Hirers liability
Who needs charity and not-for-profit insurance?
Examples of the kind of organisations for which charity and not-for-profit insurance is designed include:
- Religious charities
- Educational charities
- Cultural and artistic charities
- Healthcare charities
- Environmental and conservation charities
- Not-for-profit community groups
- Voluntary groups
- Community interest groups
- Social enterprises
Specialist insurance solutions for charities and not-for-profits
Trustee Liability Insurance
Trustee liability insurance offers financial protection against several types of compensation claims made against charity trustees. In key posts, individuals experience a heightened level of responsibility and public accountability which carries a degree of personal risk. Trustee liability cover offers protection if a volunteer, service recipient or member of the public claims a trustee has acted wrongfully. Claims might involve breaches of duty, or even negligence – since settlements can be steep, this type of insurance is often important for charity trustees to have.
Property Insurance
Where you operate from is the heartbeat of your charity, so protecting your premises with property or office insurance can provide a lifeline when things go wrong. For your charity to be able to help people each and every day, you need to have access to your building and equipment in full working order. Whether your charity is impacted by an overnight break-in, equipment breakdown or damage to the building itself, property insurance can quickly help to cover the cost of repairs and replacements.
Personal Accident Insurance
Helping people may have always been your ambition, that’s why you’ve set up a charitable organisation – but what happens if you’re unable to work? You might fall and break your ankle during a hiking trip just as a key employee sustains an injury on a skiing holiday, meaning you’re both unable to work for a while. When your charity relies on key people to function, you may benefit from the support of a personal accident policy built into your charity insurance.
FAQs
What insurance do I need for a charity or not-for-profit?
Charities and not-for-profits operate in a huge range of sectors (we have listed some examples above), which means the insurance you need will depend on exactly what you do, where you work, and the unique risks you face.
If your charity has employees, you’re legally required to have employers liability insurance and, if you run events or interact with the public, public liability insurance is strongly advised to protect you against claims just in case anyone is injured.
You may also need additional cover depending on the work you do. For example, you may need protection to cover your buildings and equipment, trustees, any professional advice you give, working with the media, handling funds, running events or managing data. These covers are designed to make sure that your charity or not-for-profit is fully protected against any potentially devastating financial losses should the worst happen.
What is charity and not-for-profit insurance?
Charity and not-for-profit insurance is a tailored package that’s been designed to meet the unique needs of the industry, while remaining flexible enough to cover the diverse requirements of individual organisations. It brings multiple protections together under a single policy, which can be much easier and more cost-efficient to manage than having several separate insurance policies.
How much does charity and not-for-profit insurance cost?
Because charities and not-for-profits operate in so many different sectors, each organisation will need its own unique tailored insurance package, and the cost will vary accordingly. As a broker, we can shape your policy around your exact needs.
*This information is a general guide only. Adler Fairways will assess your requirements and recommend a bespoke range of insurance solutions to meet your needs. As part of the quotation process, we will provide full details of the specific coverage, benefits, limits, premiums, exclusions, excesses payable, and any other policy conditions that would apply to the insurance we recommend for you. We currently only offer cover to businesses registered in England, Scotland, Wales, Northern Ireland, the Channel Islands and the Isle of Man.
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