
Charities do incredible work, supporting communities, providing essential services, and making a real difference. But just like any organisation, they face risks—especially when offering advice, guidance, or professional services. That’s where Professional Indemnity (PI) Insurance comes in.
Our Charity Insurance and Social Enterprise Insurance experts here at WRS Insurance Brokers break down the key things you need to know about PI Insurance and what this could mean for your organisation.
What is Professional Indemnity Insurance?
Professional Indemnity Insurance is designed to protect organisations from claims of professional negligence, errors, or omissions. If your charity provides advice, consultancy, or training, there’s always a chance that a mistake—no matter how unintentional—could lead to financial loss for a third party.
Why is Professional Indemnity Insurance important for charities?
Many charities provide specialist support, such as financial advice, counselling, or employment training. If a service user suffers a loss due to incorrect advice or an oversight, they could take legal action. PI Insurance ensures your organisation is protected, covering legal costs and compensation if needed.
Some key reasons your charity should consider PI Insurance:
- Human Error Happens – Even the most experienced teams can make mistakes, and a small oversight could lead to a big problem
- Data Protection Matters – If your charity handles sensitive personal data, an accidental breach could lead to serious consequences
- Contracts May Require It – Many funding bodies, local authorities, and grant providers insist on PI Insurance as a condition of support
- Peace of Mind – Knowing you have cover in place allows your charity to focus on its mission without worrying about potential legal issues
What will happen if I do not have Professional Indemnity Insurance?
Imagine a scenario where a charity offers financial advice to service users. If incorrect guidance leads to someone losing out on essential benefits, they might take legal action. Without Professional Indemnity Insurance, the charity could face legal costs and potential compensation claims that drain valuable resources.
How much does Professional Indemnity Insurance for charities cost?
The cost of PI Insurance for charities varies based on factors like:
- The size and scope of your organisation
- The level of cover you require
At WRS Insurance Brokers, we work closely with charities to tailor policies that suit their needs. Our expertise ensures you get the right cover without unnecessary costs.
Get Started Today
Contact the team to explore Professional Indemnity Insurance options that fit your organisation’s needs. You can call us on 01206 760780 or email hello@wrsinsurance.co.uk.
Alternatively, you can fill in the form to get a quote from the team by clicking the button below.
About WRS
At WRS Insurance Brokers, we are specialists in Charity Insurance and Social Enterprise Insurance, and our experienced team is passionate about the charitable sector. Our experience has taught us that one size certainly doesn’t fit all, and that every charity and not-for-profit organisation faces its own unique risks.
WRS is part of the Benefact Group, a charity-owned, international family of financial services companies that gives all available profits to charity and good causes.