Effective Charity and Not-For-Profit Insurance
From our experience insuring the ‘not-for-profit’ sector, we know it can be difficult to arrange essential and cost-effective insurance for charities and community groups.
When searching for charity insurance, you should consider a policy covering your not-for-profit organisation for various potential risks.
Management (trustees) Liability, Professional Indemnity, Employers’ liability, Public and Products Liability, and Property and Entity defence are among the many causes and interests across the sector, and each group of Trustees, Committees, or Management team has its own responsibilities.
The charity and not-for-profit sector predominantly comprises micro charities (income under £10,000) and small charities (income between £10,000 and £100,000), representing over 80% of organisations. At Allsop Commercial Services, we understand that these smaller organisations often have distinct insurance requirements compared to larger charities.
Our team of experienced brokers specialises in crafting customised charity and not-for-profit insurance solutions that cater to the specific needs of micro and small charities.
We know the importance of balancing comprehensive protection with affordability, ensuring you have the right coverage without straining your resources.
These responsibilities relate to those whom rely on their services and this extends to volunteers and employees. There is also a requirement to comply legally and with regulation to protect the assets of the group.
Consideration of areas to be insured covered:
Responsibility To Third Parties
- Public and products liability
- Professional liability
- Management liability (executive liability)
- Entity defence
- Cyber and data risks
Responsibility As An Employer
- Employers liability
- Personal accident
Protection Of Assets
- Property damage
- Business interruption
- Portable equipment
- Money and personal assault
- Fidelity
A specific charities and community group policy can cover the main requirements needed to be covered and allow the choice of levels of indemnity and sums insured.
Each organisation is set up to provide help and raise money for those in need uniquely. Here at ACS, we understand this and have the means to advise on the cover and offer a quotation.
If you need a Charity and Not-For-Profit Insurance quote, please fill out a web form or call our office to discuss your needs with an experienced member of our commercial team by telephone: 01427 671 606.
