The key to providing our client with the high quality service they deserve. Find out who they are...
Click Here

We focus on ensuring our clients receive the best possible service we have to offer. Find out what people have to say about us...
Click Here

CHARITIES

Why do you need charity insurance?

The senior officers and trustees of a charity have individual, personal duties and responsibilities for the management and administration of that charity or association - this brings with it the potential of many liabilities. The fact that many people who give their time ‘free’ to charities, acting in either a management capacity or as a trustee, does not absolve them from these very real liabilities.

The important issue for charities or associations to consider is the number of potential liabilities they may expose their trustees, directors/officers and the charity itself to. It becomes a ‘duty of care’ particularly to employees of that charity or association.

The best form of protection against the many potential liabilities is to arrange an insurance policy. However, there are guidelines that you need to perhaps consider - the Charity Commission for England and Wales has summarized these in their publication 'CC49'.

We can arrange trustees liability, employment practice insurance, professional liability and legal liability for your charity as part of a package or separately.

Things to consider when insured?

If your charity's governing deeds / documents do not include a power to obtain trustees insurance cover you will need to obtain an amendment to the governing document to allow you to purchase indemnity from the commissioners, who generally have no objections to the use of charity funds to purchase suitable trustee indemnity insurances.

More recently the Charity Commission has moved towards a self-certification method for charities who are considering the purchase of insurances for their trustees, details can be obtained from the Commission in their guidance notes (Ref: 0G100C4) if required.

Providing the charity purchasing insurance covers can show this to be in the charities best interest, the Commission would rarely have any objections.

We can walk you through the charity insurance process and help with any queries you may have. For further info or for a competitive quote please contact us.

Ring 01535 640457 or email alison@veritass.co.uk