Specialised Insurance for Charities

Understanding Charity Insurance

Charity Insurance is a specialised form of coverage designed to protect non-profit organisations from various risks associated with their operations. Charities, like any other organisations, face potential liabilities and operational risks that can lead to significant financial losses. Having the right insurance ensures that charities can continue their essential work without the burden of unexpected costs.

Why Charities Need Insurance

1. Risk Mitigation: Charities engage in numerous activities, from fundraising events to providing services, which can expose them to various risks such as accidents, injuries, or property damage. Insurance helps mitigate these risks by covering the associated costs.
2. Legal Requirements: Many grants and funding bodies require charities to have insurance coverage as part of their compliance. Having the appropriate insurance helps meet these requirements and secures funding.
3. Protection of Assets and Personnel: Insurance protects the organisation’s assets, including property and equipment, and provides liability coverage for board members, volunteers, and employees.

Key Features of Charity Insurance

• Public Liability Insurance: Covers legal costs and compensation if the charity is held liable for injury or property damage to third parties during its activities.
• Professional Indemnity Insurance: Protects against claims of negligence or breach of duty arising from the services provided by the charity.
• Directors and Officers Insurance: Provides coverage for the legal costs and liabilities faced by the charity’s board members and officers.
• Volunteer Insurance: Covers accidents and injuries that may occur to volunteers while they are working for the charity.
• Property Insurance: Protects the charity’s property and assets against damage or loss due to events like fire, theft, or natural disasters.

What Does Charity Insurance Typically Cover?

• Event Liability: Coverage for events organised by the charity, including fundraising activities, ensuring protection against any claims of injury or damage.
• Employment Practices Liability: Protects against claims made by employees or volunteers for issues such as wrongful termination, discrimination, or harassment.
• Cyber Liability: Covers losses related to data breaches and cyberattacks, which can be particularly crucial for charities that handle sensitive donor information.

How iQuotes Helps Charities Find the Right Insurance

iQuotes streamlines the process of obtaining charity insurance by connecting organisations with a network of specialist insurance brokers. Here’s how it works:

1. Submit Your Request: Complete an online form with details about your charity and its specific insurance needs.
2. Receive Multiple Quotes: iQuotes forwards your request to relevant brokers who provide competitive quotes tailored to your charity’s requirements.
3. Compare and Choose: Review the quotes and select the policy that offers the best coverage for your organisation.

Why Choose iQuotes?

iQuotes offers a straightforward and efficient way for charities to receive and compare insurance quotes. By partnering with a network of professional brokers, iQuotes ensures that charities can secure the best possible protection at competitive rates. This service saves time and effort, allowing charities to focus on their mission with the confidence that they are adequately covered.

Specialised Insurance for Charities