Charity and Community Group Insurance is essential for your charity and community groups alike. For instance, any charity or group, that you run, can be exposed to events such as accidents and incidents that are unavoidable. While each group is different, all can be vulnerable too expensive payouts if you do not have the correct insurance in place.
If there’s a claim, you’ll have to manage it, therefore this can take time, knowledge, and money. You will need the right cover to help provide legal expertise and cover costs and compensation. As a result, you can focus on running your charity with peace of mind.
You may wish to subsequently consider the different types of insurance available to community groups, and what each one covers against.
Professional indemnity insurance -this covers your group against poor or negligent advice which has resulted in somebody suffering a financial loss. Therefore, it’s considered essential cover if your group provides advice.
Public and product liability insurance – this protects against allegations of injury caused to a third party. For example, if someone trips over a loose wire at your event, or a hot drink was spilt and scolded a visitor.
Public liability insurance – for instance provides cover against damage caused to third party property. For example, if flooring were to be damaged or walls marked after your group hired a hall.
Employer’s liability insurance – this covers your group against allegations of injury or illness suffered by staff during their employment. This is therefore a legal requirement if you employ staff.
Property damage insurance – this insurance covers your building for example against fire, theft, flood and other disasters. In addition, it covers your contents – such as stock and computer equipment.
