Insuring your not-for-profit organisation
As a not-for-profit organisation you’re all about improving lives, but even with the best intentions mistakes still happen, things go wrong and blame can be unfairly targeted at you. Putting insurance in place means you’re covered when things don’t go to plan, whether something was your fault or not. At Hiscox we can tailor your insurance package to the risks that you and your business face.
Why you need business insurance for your not-for-profit organisation
Illness and injury
In the field or in the office, there’s always a risk that you, your employees or even a member of the public could be injured, whether your organisation is at fault or not. Injuries are upsetting and stressful, but they can also cost you time, money and possibly the good reputation you’ve earned. We’ll cover you for expenses and legal claims, so you can get on with the day to day.
Unhappy service users
You might be challenged on the work you deliver – it could be that a member of your team makes a mistake, a service user reports a breach of duty or their personal information is stolen. No matter who’s at fault, if someone brings a claim against your organisation you’ll need a professional insurance policy in place that defends and protects you.
Technical problems
If something breaks down, or your offices are broken into, work stops until you can get everything up and running as normal. While that happens, you may have to delay or cancel appointments, which could cost you money and your reputation. Having comprehensive insurance in place means we’ll cover the costs of repairs or replacements and get you back on track.
If you’re not sure what you need, tell us a little more about your 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 not-for-profit organisations
Employers' liability insurance
Employers' liability insurance is compulsory for a wide range of businesses – including not-for-profit charities and organisations. It’s there to cover the legal and compensation costs if an employee claims they were injured or fell ill because of the work they do for you. You can’t watch everyone all the time and even if someone’s only helping out at the weekend, if they feel you’re to blame for their accident you could face legal action.
Trustee liability insurance
Trustee liability insurance helps you to deal with any legal action or claims for compensation that arise when you or someone in your organisation gets it wrong, or someone feels your actions have led to a loss on their part. A service user may accuse you of negligence or defamation, or you may be prosecuted for the way the organisation is being run. Whatever happens, whether the claim is justified or not, we’ll be there for you.
Public liability insurance
Whether you’re present at a major event surrounded by the public or you’re paying a visit to someone you work with, either way you’re working with people. Public liability insurance protects you if a member of the public claims they’ve been injured or their property was damaged because of your services, or by actions carried out by an employee. It covers the cost of compensation and the legal expenses of the claims process.
These are just some of the types of business insurance for not-for-profit organisations 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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