What does charity insurance cover?
When running a not-for-profit you need all the time you have to work towards you cause. But while you're doing that, it's important to consider and protect yourself against the risks that you – like any other business – face.
Superscript guides you through your cover options, and enables you to choose your level of cover. Popular choices for charities include:
- Public liability
- Employers' liability
- Professional indemnity
- And, increasingly, cyber insurance
What insurance does a charity need?
Public liability insurance and employers' liability insurance are two key covers for charities, but there are others too that may be needed to protect your organisation.
Public liability insurance for charities
Whether you operate from an standalone office, co-working space, or remotely, public liability insurance should be top of your insurance agenda.
If someone has an accident, becomes ill or has their property damaged because of your business, it could lead to a costly lawsuit. Public liability insurance is designed to cover the legal or compensation costs, so your business doesn’t have to.
Employers' liability insurance
Employers' liability insurance is a legal requirement in the UK for any business with employees. It's there to protect your business against legal and compensation costs if an employee were to make a claim against you due to injury at work.
Professional indemnity insurance
If you offer a professional service or advice, professional indemnity insurance is something to seriously consider. It will cover your legal costs if you make a mistake, or fail to fulfil a business contract. Our professional indemnity insurance includes media liability cover as standard.
Media liability insurance
Media liability insurance is an important cover for many charities. Charities will often feature peoples' stories and work with public figures or celebrities, involving complex contracts and sometimes sensitive topics. Being sued for the content you publish is a real risk. Media liability is covered automatically when you take out Superscript's professional indemnity cover.
Office contents and equipment insurance
If you're reliant on equipment to do your work, contents and equipment cover covers the costs if something gets lost or damaged, so you can get back up and running without missing a beat. Not only can specialist machinery be costly to replace but laptops and phones are easily dropped or misplaced, so it's worth thinking about.
Although cyber insurance isn't a legal requirement, with GDPR regulations in force, a data breach could land you with a fine of €20m or 4% of annual turnover – whichever is higher – and a PR disaster. If you experience a data breach, our cyber insurance can cover GDPR regulatory penalties, where insurable by law. Some risks and solutions that can be covered by cyber insurance include:
- Cyber extortion and ransomware
- Business Interruption - including interruption from a business within your supply chain
- Payment card liabilities (PCI-DSS) - if your business processes payments and you suffer a data breach
- Media liability
- Reputation management services
Charity insurance FAQs
You can get a quote for charity insurance with Superscript by clicking on the ‘Get a quote’ button.
The process should take about 4 minutes and will involve answering a number of questions about your business to determine what selection of covers you need.
At the end of a successful quotation process, you'll be given the option to buy your cover immediately, or you can buy it up to 30 days later.
If you get stuck, our customer success team is available on chat, email and phone to help you out!
Your charity insurance quote will vary depending on a number of factors, such as how many employees you have and your turnover. Our cover starts from £5.13 per month. There are a few more factors that influence the cost of business insurance, so it's worth reading up on it.
No, most business insurance covers are not required by law. The key exception to this is employers' liability cover, which is required by law for any business with employees. Not having it, if you do have employees, can result in a fine of up to £2,500 per day for each day you didn't have it.
- 18 Oct 20218 minute read
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