Charity insurance is a mix of policies designed to protect charities, local community groups and nonprofit organisations from risks and claims.
There are several types of insurance to consider when running a charity.
Public liability insurance: Protects against claims related to a customer, client or third party becoming injured, ill or suffering property damage.
Business contents insurance: Covers the replacement of items, if damaged, lost or stolen.
Employers liability insurance: Employers’ liability insurance protects against claims linked to a member of staff becoming ill or injured.
Product liability insurance: Protects against claims for personal injury or property damage caused by a product your charity designed, sold or supplied.
Professional indemnity insurance: Covers cost of claims related to service or advice.
Business interruption insurance: Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.
