Why do not-for-profit organisations need insurance?
Not-for-profit organisations encounter many of the same risks as commercial businesses but may face tighter budgets and greater public scrutiny. You may handle sensitive data, manage volunteers, organise events, and make decisions that impact your beneficiaries. Insurance can provide a financial safety net should things go wrong, helping you manage these risks so you can focus on your mission.
What insurance is available for not-for-profit organisations?
These are just some of the types of insurance for not-for-profit organisations we offer. Tell us more about what you do and we can build a policy that’s tailored to the needs of your business.
Build my coverInsurance for not-for-profit organisations: FAQs
What risks are most common for not-for-profits?
Not-for-profits can face several common risks, including:
- Cyber attacks and data breaches involving sensitive donor and beneficiary information.
- Volunteer and employee injuries during events and activities. Trustee decision-making errors that could lead to claims of negligence or breach of duty.
- Injuries to members of the public or damage to their property when interacting with the community.
- Theft of, or damage to, their own equipment.
What insurance can help if equipment is stolen from a not-for-profit organisation?
Furniture, computers, audio-visual equipment, and other property used and kept within your premises are typically classed as contents. You could be left significantly out of pocket if these items are stolen. Contents insurance can help protect you against the risk of theft, helping to minimise disruptions to your organisation.
For items that are primarily used away from your premises – such as laptops, tablets, smartphones, and other essential devices – you might need portable equipment insurance. Should these items be stolen when away from your premises, for example, at a volunteer’s home or an event, portable equipment insurance can help cover the cost of replacements.
Are safeguarding-related claims covered under trustees and individual liability insurance?
Safeguarding-related claims can be complex, and coverage may depend on your specific circumstances and policy terms. While trustees and individual liability insurance can cover trustees for wrongful acts, which could include failures in safeguarding policies or practices, given the serious nature of such issues, it’s essential to have robust policies in place and seek specific advice about your coverage.
For more information, please get in touch with our customer service team. You can reach us on:
Mon-Fri 9 am-5 pm.
Do not-for-profits need public liability insurance?
Public liability insurance isn’t a legal requirement for not-for-profits.
However, not-for-profit organisations can face similar risks to limited companies, depending on how your organisation works. If this is the case, public liability insurance could be a worthwhile investment if you frequently work with or around the public.
Various insurance types are available for not-for-profits. For example, professional indemnity insurance, cyber and data insurance, and legal protection insurance could all help you stay on track should issues arise.
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Find out why it’s important to have insurance in place as a trustee and how to implement the right policy in your charity.
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