Insuring your charity
Charities and non-profit organisations play an important part in the lives of many people – volunteers, employees, fundraisers and those they support. But what happens if something goes wrong? Just like a business, charities need to insure against the unexpected. Hiscox business insurance for charities brings together public liability, employers liability, trustee liability and even cyber and data insurance should you lose donors’ private information.
Why you need business insurance for charities
An injured volunteer
A customer falls from a step at a charity shop, breaking their ankle. It means they’re unable to work for several weeks and they make a claim against the charity for not ensuring their safety. Public liability cover as part of the charity’s insurance with Hiscox means we’ll cover the costs of defending against the legal claim and any settlement.
Unhappy clients
A trustee of a small charity faces claims of negligence after a fundraiser is injured at a sponsored football match and claims the field used for the event wasn’t prepared to a high enough standard. With trustee liability insurance in place, the legal costs and an eventual settlement are covered.
Illness in the office
A charity’s employee becomes ill with respiratory problems and it’s discovered that cleaning products in the office aren’t being stored correctly. The employee has been on sick leave and claims negligence against the charity. The cost of defending the case and the settlement are covered through employer’s liability insurance.
If you’re not sure what you need, tell us a little more about your charity or not-for-profit organisation. We’ll help you to build your quote and explore any other insurance needs.
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Key types of insurance for charities
Public liability insurance
Public liability insurance is important because it ensures your charity is covered if a member of the public claims they were injured, or their property was damaged, as a result of an event or work undertaken by your organisation. Public liability cover as part of your business insurance for charities will help you to deal with any claims for compensation on your charity’s behalf, as well as covering the legal costs of defending yourself.
Trustee liability insurance
Trustee liability insurance, also known as indemnity insurance, offers financial protection against any claims for compensation made against trustees, directors, governors, committee members, officers or employees of charities. For people holding these key posts the job involves a heightened level of responsibility and public accountability. Trustee liability cover offers protection for the cost of claims for compensation for wrongful acts made against the individual trustee as part of insurance for charities.
Employers' liability insurance
Employers' liability insurance for charities ensures you’re covered if an employee is injured or becomes ill because of something that happens to them at work. It’s not just for full-time members for staff, a casual worker or even someone just helping out at a busy time could still take legal action. Employers' liability covers helps you with defending or settling a legal claim and it’s part of the cover provided by Hiscox insurance for charities.
These are just some of the types of business insurance for charities that we can offer. We can provide other specific types of cover and build them into a policy that’s tailored to the exact needs of your business.
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