Not-for-profit insurance is a type of insurance you should use if you are involved in the running of a charity or a not-for-profit organisation. Maintaining the correct level of insurance cover to protect your organisation against liability claims or loss of assets is vital. You will also be conscious of the need to minimise the cost of your programme. Price stability and a quality insurer are vitally important in the non-profit sector; where funds may be limited and charity trustees have such an onerous duty of care. To fit these needs it is important you obtain impartial advice on your insurance needs.
Our experience of working with charities, voluntary groups and not-for-profit organisations ensures we provide you with a first class service. Being independent we will undertake an exercise to ensure you have the most appropriate cover at competitive prices and if you need to claim you can rest assured that our in-house claims handlers will do the hard work for you and help to negotiate a fair settlement.
Examples of the kind of organisations for which this insurance is designed:
This all depends on the type of activities your charity or business is involved in. The minimum cover is usually £1million but the standard cover nowadays is £2million upwards.
If you have volunteers, employees, labour-only sub-contractors etc who act under instruction from the charity or business then you will require employers’ liability insurance.
No, although the products are specifically designed for charities and not-for-profit companies there is no compulsory requirement other than employers’ liability.
Absolutely, in fact in some instances a commercial insurance policy make more sense and your insurance adviser would discuss the most appropriate product(s).
Yes, you can increase your excesses to reduce costs, your insurance adviser will explain the options to you.