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Home » Business » Trade & Industry » Not for Profit – Charity Insurance

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.

  • Cover for charities
  • Cover for not for profit
  • Cover for working with children and disability
  • Trustees and charities liability
  • Independent advice from award-winning chartered insurance broker

Alan Boswell Difference

ABG Difference

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.

Charity Insurance in detail

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

Considerations for charities and NPO’s

  • Property insurance Cover for newly bequeathed or held in trust items, buildings, contents, portable equipment and exhibition stands etc
  • Charity liability Insurance protection for the charitable organisation against claims made by members of the public or employees.
  • Trustee liability insurance essential protection against claims made as a result of errors or omission of the trustees.
  • Fidelity guarantee protecting your charity or non-profit organisation against dishonesty or fraud by your employees or voluntary workers.
  • Money and assault insurance cover for charity volunteers and employees who are involved in the collection of cash donations.
  • Professional indemnity insurance cover if you provide service or advice.

FAQs

  • 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.

  • 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 reduce your excesses to reduce costs, your insurance adviser will explain the options to you.

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