Charity Insurance
Charity insurance, our charity insurance service offers insurance for UK charities, a charity insurance policy including charity trustee indemnity and cover for directors and officers. Please follow the links below for more information:
Charity Insurance
Sample of package cover
Flexible tailor made policy
How do I calculate sums insured?
Charity Insurance Policy Benefits
Charity Trustee Indemnity Insurance
Charity Trustee Indemnity Insurance Quote
Please use the buttons below to contact an us on-line or call 0845 257 1355 to discuss your requirements.
"We Are Your Insurance Broker"
Think of us as a division of your own organisation. We are here to help you find an insurance solution to meet your needs. We act on your behalf to represent your interests, not those of the insurance underwriters. We aim to make savings wherever possible to your charity by providing the best combination of discounts from your premium. Read more about our non profit insurance services here.
How we can help you
As a specialist charity insurance broker for small to medium sized charities, we have strong relationships with charity insurance companies to offer a range of cover, to meet the insurance needs of most charities, voluntary and non-profit organisations.
Please contact us on 08702 412214 to discuss your requirements, whether it be for charity liability insurance or a complex package. Alternatively you may submit your charity insurance quote at our secure site server. Typical charity insurance proposals can be viewed here.
With the growing trend to resort to litigation in today’s society, there is an ever increasing exposure to liability risks.
In addition, other financial and legal requirements place a more onerous responsibility on officials and trustees to ensure that adequate insurance arrangements are in place. We can arrange this cover and to an appropriate level for you. We start with simple and economic ways through to comprehensive packages of cover appropriate for the majority of small to medium-sized charities and voluntary organisations with options to increase limits and add cover.
Example of the standard charity insurance cover:
Cover includes:
Contents sum insured as required plus £2,000 stock to include accidental damage cover.
Employers Liability £10 million indemnity limit.
Public Liability £2 million indemnity limit. Including community work away from your premises.
Account Book Debts £10,000 sum insured not recoverable following an insured loss
Business Interruption
a) Loss of Income £25,000 sum insured; or
b) Extra Expenses £10,000 sum insured
Legal Expenses from £50,000 indemnity limit
Money £2,000 in transit/during working hours
Personal Accident Assault £10,000 / £100 per week
Personal Accident £10,000 / £100 per week
24 Hour Help lines Emergency, Legal and Counselling help lines
Higher indemnity limits and sums insured are available and additional sections of cover can be added.
Flexible Charity Insurance Policy
We can tailor make your charity insurance policy so that you may choose to cover contents only, buildings only or liabilities only. If at any time you need more cover the policy can be adjusted accordingly.
Calculating Sums Insured
When calculating your sums insured you should include VAT to the extent that you may be liable to pay it.
Buildings - the cost of rebuilding as new including an additional amount to cover debris removal, architects' and surveyors' fees.
Contents and All Risks - the cost of replacement as new.
Documents - the value as stationery or other materials.
Stock - for donated stock the second-hand value and for new stock the cost price to you.
Extra Expenses - the estimated additional costs you will incur during the Indemnity Period in trying to minimise the loss (including the cost of removal to temporary premises, increased rent, rates, salaries, and the cost of clerical time in reproducing business books and documents, and up to £2,500 for computer systems records).
Loss of Income - the estimated annual gross income (includes Extra Expenses).
Gross Profit - the amount by which the sum of turnover plus the value of closing stock and work in progress exceeds purchases plus the value of the opening stock and work in progress and uninsured working expenses.
An allowance for any inflationary trends and any expansion should be included.
Added Benefits
No claims bonus can be built up
Discounts for Long Term Undertakings - offering your insurance to the insurer for a fixed period of years.
24 hour emergency assistance help lines
Index linking of sums insured
Monthly instalments available.
Charity Trustee Indemnity Insurance
This insurance is specifically designed to cover the management risks incurred by charities and their trustees and is available to all recognised charities in the United Kingdom. Cover can include Professional Services such as financial advice or counselling. The cover brings peace of mind to the charity trustees, directors and officers who can be secure in the knowledge that most personal losses will be met. If you are not a recognised charity we can still provide you with the management risks and professional indemnity cover.
Some insurers will extend cover to include Fidelity Guarantee Insurance. This is cover in respect of fraud or dishonesty by employees or volunteers where they are handling cash. This sort of cover is usually provided only where background checks on staff are possible i.e. the person agrees to checks being made with the police etc.
Typical costs for a limit of indemnity of £250,000 where gross assets are less than £500,000 and the income is less than £25,000 is £275 plus Insurance Premium Tax.
Quotations are also available for other income levels and where the gross assets exceed £500,000
Where premiums are in excess of £500 we have additional insurers who will provide quotations. Each insurer requires a separate proposal completed and copies of the annual report and accounts will be required.
We recommend that you complete our quote enquiry form so that we can confirmation a premium based on your requirements. You should also check with the Charity Commissioners. Click here to view (Acrobat .pdf file) a guide to Trustees and Directors & Officers Liability produced by Ansvar Insurance, winner of the Insurance Services of the Year Award at the UK Charity Awards 2001.
We look forward to hearing from you.