1. Understanding the Basics of Charity Insurance

Charity Insurance is designed specifically to protect charitable organisations from various risks. It encompasses a range of policies tailored to meet the unique needs of non-profits, including liability coverage, property insurance, and protection for events. This specialised insurance helps ensure that charities can continue their work without the fear of financial setbacks from unforeseen incidents.

2. Key Areas of cover

• Public Liability: This covers claims made by members of the public for injuries or property damage caused by the charity’s activities during events and day-to-day operations. This can protect against losses due to event cancellation, accidents, or incidents occurring during these activities.
• Employers’ Liability: Legally required if your charity has employees, this insurance protects against claims from employees or volunteers who suffer work-related injuries or illnesses.
• Trustee Indemnity Insurance: Protects trustees from personal liability claims arising from the decisions and actions they take on behalf of the charity
• Business Interruption Insurance: Financial protection for your charity against loss of income or increased costs of working caused by a range of insured events such as fire, flood and theft.
• Cyber Insurance: if you suffer a cyber breach, this cover won’t just cover your financial losses, it will also give you access to cyber security experts who can help to recover your systems and help you understand what caused the breach.

3. Importance of Tailored Policies

Each charity is unique, with different risks based on its activities, size, and structure. Tailored insurance policies are essential to address specific needs, ensuring comprehensive cover. For instance, a charity running a shop will have different insurance requirements than one organising large-scale events or providing medical aid.

4. Risk Management and Compliance

Charity Insurance also plays a critical role in risk management. Insurers often provide additional resources and guidance on best practices to minimise risks. Additionally, having appropriate insurance is often a requirement for compliance with legal obligations and grant conditions, providing peace of mind to donors and stakeholders.

5. Choosing the Right Insurance Broker

Working with a specialist insurance broker like WRS can be invaluable. Experienced brokers understand the complexities of charity insurance and can offer expert advice to ensure comprehensive cover. We can assist in identifying potential risks, comparing policies, and securing the best terms tailored to your charity’s specific needs.

About WRS

At WRS Insurance Brokers, we are specialists in Charity Insurance and Social Enterprise Insurance and our team is passionate about the charitable sector. As a business with a strong social conscience, we’re passionate about helping support the work of organisations that make a difference. 

Our specialists have helped many charities and not-for-profit organisations achieve the peace of mind and the insurance protection they need to focus their efforts on achieving their social ambitions.

WRS is proudly part of the Benefact Group, a charity-owned, international family of financial services companies that gives all available profits to charity and good causes.