Why do charities need insurance?
While you may have charitable status, you still need to consider insurance cover to protect your people, your assets, and your finances. Typically, charities need some or all of the following covers. However, this will depend on the type of events you host, how you manage your charity, and whether you need to consider legal requirements such as employer's liability insurance if you operate shops or charitable outlets.
Your Park Insurance broker will be happy to work with you to put together a package that includes charity insurance you actually need, including:
- Charity trustees and indemnity insurance
- Events and Equipment cover
- Malpractice insurance
- Commercial combined insurance
- Employer's liability insurance
- Public liability insurance for charity organisations
- Public liability excess layer insurance
- Professional indemnity insurance
- Personal accident insurance
- Legal expenses insurance
- Directors and officer's insurance
- Motor fleet insurance
- Exhibition insurance
- Kidnap and ransom insurance
What’s covered with charity liability insurance
Charity liability insurance typically includes several layers of protection to shield your organisation from legal and financial risks.
- Charity Public Liability Insurance: Covers injury or property damage claims made by members of the public, volunteers, or service users due to your charity’s activities. This could be something as simple as someone tripping at an event.
- Employers’ Liability Insurance: Legally required in the UK if your charity has employees or volunteers.
- Trustee Liability (or Indemnity) Insurance: Protects trustees and directors from personal liability if they’re accused of mismanagement, breach of duty, or legal errors.
- Professional Indemnity Insurance: Covers claims arising from professional advice or services your charity provides that result in financial loss to others.
- Product Liability Insurance: If your charity sells or distributes goods, this covers claims related to injury or damage caused by those products.
- Legal Expenses: Helps cover the cost of defending your charity in legal disputes, including employment tribunals or contract issues.
- Some policies also include extras like property and contents cover, business interruption, and event cancellation, which is especially useful for fundraising events.
How much does charity insurance cost?
When dealing with public donations and a cause that needs all the help it can get, it's essential to keep costs down. At Park Insurance, we can help you choose charity insurance, including public liability insurance for charity groups that won't cut too deeply into your finances. The price you pay will depend on the level of cover you need or want. However, rest assured that at Park Insurance, we will never sell you insurance that you don't need.
Working with Park Insurance
At Park Insurance, we work with many voluntary organisations, providing a range of tailored charity insurance solutions and packages. Whether you're a large, well-known charity or a local outreach centre, we're here to make sure every penny is protected.
We know that each organisation is unique. So, we specifically tailor our insurance programmes to meet your needs. There's no 'one-size-fits-all' solution to charity insurance, so we let you take control of your package while using our preferred broker status to find you the best deals on charity cover.
With a personalised approach, a deeper understanding of your charity, and a commitment to the community, Park Insurance is the natural choice for insurance solutions for the charity sector. Contact us now to talk to one of our team, or use our Get A Quote function for a free, no-obligation and instant quote today.