WHAT DOES CHARITY INSURANCE COVER
Charity insurance is a type of insurance that is specifically designed to protect charities and non-profit organisations from potential risks. The cover provided by charity insurance can vary depending on the policy and provider, but it typically includes the following types of protection:
Public liability insurance: This cover protects the charity from claims made by third parties for injury or damage caused by the charity’s actions or failure to take appropriate action.
Trustee indemnity insurance: This cover protects the trustees of the charity from personal liability for any claims made against them in relation to their role as trustees.
Employers’ liability insurance: This cover protects the charity from claims made by employees for injury or illness caused by their work for the charity.
Property insurance: This cover protects the charity’s buildings and contents from damage or loss due to events such as fire, theft, and vandalism.
Event cancellation insurance: This cover protects the charity from financial loss if an event that they have planned and paid for, such as a fundraiser, is cancelled or postponed.
Cyber Insurance: This cover protects the charity from financial loss due to cyber-attacks, such as data breaches, hacking, and cyber extortion.
It’s important to note that policies and cover can vary widely depending on the insurer and the specific needs of the charity, so it’s essential to work with an insurance broker like Aldium that understands the specific needs of charities and can help you find a policy that meets those needs.
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