Third Sector & Charity Insurance Broker | UK

Protect the stability & future of your third sector organisation with cost-effective charity insurance

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Not-for-profit and charitable organisations require adequate third sector insurance to protect themselves from unexpected events.
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Ensure you continue to purchase suitable and cost-effective charity insurance with a range of quotes from wholesale insurers.
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We are a specialist charity insurance broker that can provide for a range of requirements.

Third sector & charity insurance includes a variety of covers designed for non-profit organisations

Third sector organisations are faced with a number of challenges in undertaking their activities to improve our community. Maintaining appropriate charity insurance is essential in protecting the stability and future of any third sector and charitable organisation.

Third Sector & Charity Insurance Guide

  1. What is third sector insurance?
  2. Third sector & charitable activities
  3. Charity insurance UK guide 
  4. Charity trustee insurance considerations
  5. Charity professional indemnity insurance


Making sure you continue to purchase the most suitable charity insurance can seem like a daunting task. However, to ensure you continue to protect your third sector organisation with cost-effective charity insurance you should undertake a review with an independent insurance broker.

Below we take a closer look at the available insurance for charities and third sector organisations. In addition, to highlighting some key considerations in identifying the most appropriate charity insurance to meet your needs.


What is third sector insurance?

Third Sector Insurance provides specialist cover for non-profit organisations, such as charities, voluntary organisations and religious organisations, to mitigate financial risks from unforeseen events.

As a digital insurance broker that specialises in third sector and charity insurance, we can provide tailored solutions at cost-effective premiums.


Third sector & charitable activities

Responsibilities for third sector and charitable organisations will vary depending on their area of expertise, although they share three common traits:

Non-profit: third sector organisations will raise funds and generate financial surpluses in order to invest in social, environmental, or cultural objectives.

Values driven: third sector organisations pursue specific goals which are often aligned with particular social, religious or political perspectives.

Non-governmental: third sector organisations aren't directly associated with the government however they may work with or may receive funding.

 

Third sector and charity insurance can be tailored to meet provide comprehensive cover to a wide variety of organisations:

>  Care homes
>  Charities
>  Community organisations
>  Cooperatives
>  Cultural charities
>  Educational charities
>  Environmental charities
>  Faith organisations
>  Healthcare charities
>  Hospices
>  Not-for-profit organisations
>  Private research institutes
>  Religious charities
>  Social enterprises
>  Think tanks
>  Voluntary organisations


Charity insurance UK guide 

The below guide identifies scenarios your third sector organisation may face and how charity insurance can offer protection and support if something goes wrong.

 
What would happen if… Charity Insurance: What the coverage does:

The Charity Commission for England and Wales brings an investigation into the conduct of a director.

> Trustee Indemnity

Protects the individual against legal costs incurred in defending the allegation; and damages from any award or settlement.

Financial compensation is sought after an allegation of a breach of privacy.

> Organisation Insurance 

> Trustee Indemnity

Protects the organisation against legal costs incurred in defending the allegation.

A person within your care alleges negligence in offering counselling services. 

> Professional Indemnity

> Trustee Indemnity

Protects your organisation against legal costs incurred in defending the allegation; and damages from any award or settlement.

An employee claims sexual harassment against the organisation for their failure to prevent.

> Employment Practices

> Trustee Indemnity

Protects the organisation against legal costs incurred in defending the allegation; and damages from any award or settlement.

You discover the finance director has been stealing hundreds of thousands of pounds over the last several years.

> Crime Insurance

> Trustee Indemnity

Protects the organisation against financial loss from the theft of property, money or securities by an employee.
A hacker breaches your organisation’s security and steals sensitive personal information.

> Cyber Insurance

Protects the organisation against financial loss arising from security and privacy breaches. Can include first and third-party losses.

A charitable donor slips on a wet floor in your premises and causes a serious injury.

> Public Liability

Protects the organisation against legal costs incurred in defending the allegation; and damages from any award or settlement.

An employee seeks financial compensation after being seriously injured at a charitable event.

> Employers Liability

Protects the organisation against legal costs incurred in defending the allegation; and damages from any award or settlement.

Your premises and computers were destroyed as a result of an insurable event? (i.e. fire, flood or storm).

> Property Damage

Protects your organisation’s buildings and contents (including options for stock and computer equipment) against loss or damage from a range of insured perils.
 

Covers such as fleet insurance and health insurance are available to charitable organisations. Alternatively, we can cater for more specialist insurance requirements. 

If you would like to discuss event cancellation insurance, please contact us to discuss further.


Charity trustee insurance considerations

Third sector organisations are exposed to a wide of risks whilst undertaking their endeavours. Maintaining adequate charity insurance will offer protection from liabilities and property damage that has the potential to incur significant cost.

Specific consideration should be made to:

 

Employment related issues continue to be a significant cause of liability claims made against third sector organisations.

Employment practices liability insurance offered under charity trustee indemnity insurance can offer valuable protection against a wide range of allegations from employees, volunteers and third parties.


Charity professional indemnity insurance

Charity professional indemnity insurance will protect your third sector organisation against negligent acts, errors or omissions resulting from civil litigation in the provision of advisory, counselling, consultation or other services.

 

High-risk charitable activities include:

>  Exposure to providing drugs/alcohol rehabilitation
>  Exposure to vulnerable individuals
>  Exposure to care of children, elderly or disabled
>  Exposure to training, treatment or administration of medication
 

As a specialist charity insurance broker, we have the expertise and access to identify a range of solutions to meet your needs. 

If you are unsure which charity insurance best suit your needs, please contact us and we can discuss in detail. 

 

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This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.