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Insurance for Charities

Every charity faces risks, and it is the duty of trustees to protect their charity’s assets and resources with appropriate insurance, covering against loss, damage or liability.

As with any business, charities also face risks and it is important to make sure that adequate insurance cover is in place. Under the Trustees Act, trustees have the authority to insure their charity’s assets and resources against loss, damage and liability.

The majority of charities are not financially secure enough to pay damages or costs awarded against them in the event of a claim. This could be something as simple as a volunteer injuring themselves while working for the charity, a member of the public having an accident at a fundraising event or an allegation of wrongdoing made against a charity trustee.

In addition to buildings, contents and events insurance, we advise charities to take out professional, public and employee liability against third party liabilities.

Professional liability covers the cost of defending your charity against allegations of professional negligence, such as giving poor or incorrect advice to a user of your services, unintentional breach of confidentiality or copyright, defamation or libel, loss of documents or data and loss of money or goods for which you are responsible. Public and product liability covers the cost of defending your charity if a third party is injured or their property damaged as a result of your negligence.

It can be confusing to know what level of cover your charity requires, which is why we would suggest carrying out a full risk assessment to ascertain the specific risks you face. We can then advise on the covers you need to have in place.

Contact Woodward Markwell

Please call us on 01473 408408 or click above to email and we will respond to your enquiry as soon as possible.

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