Charity Insurance

We know that all charities are different; from homeless shelters to nature reserves. At Bionic, we understand how important it is to protect the vulnerable and those in need of support. We can help all sorts of charities, including: 

• Local community groups
• Trusts
• Churches & religious groups
• Charitable Incorporated Organisations (CIO)
• Unincorporated associations (groups of volunteers)
• Charitable companies
• Community Interest Companies (CIC)

Still not sure if your charity needs insurance? Start a quote online and a member of our insurance team will be on hand to help you through anything you’re unsure of.

Even not-for-profits run into daily risks when operating, for example:

• A volunteer gets injured during an event
• You accidentally damage a venue you’re using
• A fire or flood disrupts your operations
• Your valuable equipment is stolen
• A donor or beneficiary sues over a legal dispute

If you operate without any insurance and something unexpected happens, you could be liable to pay legal fees and compensation out of your own pocket. 

Costs aren’t the most important thing when it comes to insurance, having sufficient insurance that protects your charity is key. The cost of this will vary on several factors unique to your charity that’s why it’s difficult to give a solid figure. Costs are based on:

• The policies you take out
• The level of coverage you need
• The insurer you choose
• Where your charity is located
• Charity size
• Claims history

If you’re looking for a quote, we’ll need you to answer a few questions to see what your options are. Start a quote online and a member of our insurance team will be on hand to talk you through any specifics.

Although not a legal requirement, if your charity hosts any events, it’s a good idea to look into public liability insurance. This will cover your back financially in case any visitors injure themselves during your event and make a claim. 

Other types of cover like buildings and contents can also help provide financial protection if someone damages your property during an event and you need to make a claim.

If you’re planning on having any events you must inform your broker to ensure you’re correctly covered.

Volunteers are classed as employees (they are included under the definition of employees) so if your charity has any volunteers, you’ll need to take out employers’ liability insurance. Volunteers will not be covered under public liability.

Volunteers should feel safe working for you, just like paid employees!

This will help to cover costs in case someone makes a claim against you. Without it, you could end up paying out of your own pocket for legal fees or compensation.

You’ll want to make sure you’ve considered all aspects of your charity when arranging your insurance package to make sure you choose all the right policies. You should consider the following:

• Do you have any paid employees, or volunteers, how many?
• Are you based in a permanent premises or office?
• Do you have any expensive equipment?
• Do you store any sensitive data? 
• Do you give out any professional advice? 
• Do you sell any products or services? For example,  handmade cards or donated items?

Our UK-based insurance team are on hand to guide you through the process and find the right policies that fit your needs. Get started with a quote online today or get in touch on 0808 253 2738.

At Bionic, we champion UK business owners and charity organisations and want to help in every way we can. That’s why we work with a panel of trusted insurers to provide insurance options for the majority of businesses.

We focus on getting you the right cover, whatever your business story. Get in touch with us today by starting a business insurance comparison online.