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.
- Bespoke insurance solutions available
- Expert advice
- Personalised service
- Dedicated account executive
- Risk management support
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
Examples of the kind of organisations for which this insurance is designed:
- 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
Contact our Charities & NFP Specialist
If you would like further advice and support with you charity or not-for-profit’s insurance programme, please contact Gemma Bollen on 07842 306595 or email firstname.lastname@example.org
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.
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.
* 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.