Charity & Trustee Insurance
Our specialist charity and trustee policy, underwritten by Hiscox, is designed to protect the interests of anyone involved in the management or administration of a charity.
The policy includes three separate areas of insurance cover:
- Trustees and individual liability insurance
- Employment practices liability insurance
- Professional and legal liability insurance
Quick links to:
- Why you need insurance
- What's special about this policy?
- Three protections in one policy
- Practical premium payments
- Claims example
- Online quote request
Why you need insurance
The Hiscox Charity and Trustee Insurance policy from Blyth Valley, is designed not only to protect charities but charity trustees too.
As a trustee, you volunteer your time to make life a little better for others, but in doing so, you expose yourself to risk and liabilities you may not even be aware of.
You're potentially liable for the outcome of all decisions and actions carried out in the name of the charity - and charities are subject to the same onerous regulations and bureaucracy as any other sector in society today.
Even if you're not liable, the high cost of defending yourself against a claim can be devastating, both financially and emotionally.
Which is why, as a charity trustee, it makes sense to protect yourself so you can help others knowing that, should things go wrong, we can help you.
In the event of a claim, the policy will cover the cost of legal advice and representation as well as any compensation that the charity, you, or any other trustee could be liable for.
What's special about this policy?
This policy has been created specifically to protect the risks and potential liabilities of UK charities and their trustees.
It incorporates a separate limit specifically for claims brought against individuals, ensuring that your and the other trustees' personal assets are not at risk from a claim against the charity.
Top of this pageThree protections in one policy
Trustee and individual liability insurance
To protect you against claims for any breach of duty in your capacity as a trustee this policy covers:
- claims brought against trustees, directors, officers, employees and volunteers
- legal costs for allegations of breach of Health & Safety legislation
- legal costs of representation at an investigation e.g. by The Charities Commission
- legal costs for allegations of fraud or dishonesty
- legal costs and awards for claims by fellow trustees, employees or volunteers
Employment practices liability
This provides protection against employment claims and includes:
- claims brought against the charity, trustees, directors, officers, employees and any volunteers
- third party claims including harassment or discrimination by a volunteer
- legal costs of representation at an investigation
Professional and legal liability
This protects you against claims for any breach of duty in the course of your business activities so that you are covered for:
- defence costs and awards for claims against the charity including negligence, misuse of funds, libel and slander
- direct financial loss to the charity following dishonesty of employees or volunteers
- replacement costs for lost or damaged documents
- breach of warranty, authority, or fiduciary or statutory duty
Practical premium payments
You can pay for Charities & Trustee Insurance by monthly interest-free Direct Debit.
This means your organisation can spread the annual cost of the insurance and make budgeting easier.
Also our policies are written on a continuous basis which means you avoid the hassle of having to renew your policy each year.
Top of this pageClaims example
Your charity's annual auction is well supported and you succeed in raising over two thousand pounds for equipment for the children's hospice.
Three days later, you're going through the evening's receipts with the charity's treasurer. You find that you're four hundred pounds short.
The treasurer thinks she knows who may be responsible for the missing funds and takes the matter into her own hands. She calls at the home of one of the volunteers and effectively accuses him of taking the money.
The accused volunteer is understandably appalled to have his integrity questioned in such a public and humiliating way.
Three days later you receive a letter from his solicitor stating that the aggrieved volunteer feels he has no option but to pursue the charity for a formal public apology and compensation.
Whether or not the volunteer was guilty (he wasn't in this example, three cheques became mislaid in an administrative error), the charity must defend itself legally and pay any compensation due.
However, if there is no appropriate policy in place, the charity's trustees could be found personally liable for breach of duty of care and could be called upon to pay for these costs with their own money.
Top of this pageOnline request for a quote
If you would like to get an immediate indication of the price you can complete our short form in the link below. Alternatively for further details on this insurance please call Sam Evans on 0845 370 9036. or email samantha.evans@byth-valley.co.uk.
Charities insurance quote request form
Top of this page