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Charities and non-profit organizations are driven by noble causes, but even the most altruistic endeavours are not immune to risk. These organizations often operate under tight budget constraints and face unique challenges that can include liability for events, reliance on volunteer staff, and the stewardship of donations and grants. Insurance is a critical component for protecting the mission and sustainability of your charity.
Why Charities Need Insurance:
Insurance for charities is designed to address the specific risks associated with non-profit operations. It provides a safety net that allows you to continue your important work, even in the face of unforeseen events or legal challenges.
Key Risks for the Charity Sector:
Public Liability: Accidents or injuries that occur during charity events or on your premises.
Employers' Liability: Claims from employees or volunteers who are injured while working for your organization.
Professional Liability: Mistakes or negligence in the services provided by your charity.
Property Damage: Loss or damage to property owned by the charity, including buildings and contents.
Theft and Fraud: Loss of funds or assets due to dishonest acts.
Essential Insurance Coverages:
Public Liability Insurance: Protects against claims of injury or damage made by members of the public.
Employers' Liability Insurance: Mandatory in many places, it covers injury claims from employees or volunteers.
Professional Indemnity Insurance: Safeguards against claims arising from errors in the services you provide.
Property Insurance: Covers your charity's physical assets against damage or loss.
Fidelity Insurance: Protects against losses from fraudulent acts by employees or volunteers.
Additional Insurance Considerations:
Charities may also benefit from:
Directors and Officers Insurance: Protects the personal assets of board members and officers in the event of legal action against them.
Cyber Liability Insurance: Offers protection in the event of a data breach, which is crucial if you store sensitive donor information.
Event Insurance: Covers specific risks associated with organizing and hosting events.
Travel Insurance: Important for charities that operate internationally or send employees and volunteers abroad.
The Broad Risk Difference
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"You First" Principle
Your business comes first. We align our services with your values and needs, providing expert advice and insurance protection that allows you to focus on what matters most—growing your business with peace of mind.
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Accountability
We take full responsibility for the services and recommendations we provide. Every action is designed to deliver results, fostering trusted, long-term relationships with our clients. Your satisfaction and security are at the forefront of everything we do.
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Expert Solutions
With over 15 years of experience, we specialise in delivering tailored advice and solutions to protect your business. We customise our offerings to your unique needs, ensuring comprehensive coverage and peace of mind.
Frequently Asked Questions
1. Do we need insurance if our charity uses volunteers instead of paid staff?
Yes, even volunteers can be injured or cause injury to others, and your organization could be held liable. Employers' Liability Insurance and Public Liability Insurance are important in these cases.
2. Can our charity get coverage for fundraising events?
Event Insurance can provide specific coverage for risks associated with fundraising events, such as cancellations, property damage, or liability claims.
3. What if our charity provides advice or counseling services?
Professional Indemnity Insurance is important to protect against claims of negligence or harm resulting from the advice or services provided.