Insurance for Charities and not-for-profit organisations is complex, and requires expertise and due diligence to fully understand the main issues. The issues typically range from statutory, reputational, balance sheet protection, the inclusion of abuse cover, and contractual obligations.
Trustees of charities have many responsibilities both personally and corporately, and it is imperative to ensure the key risk exposures are fully understood and a rational approach to insurance purchasing is undertaken. Some risk exposures do not necessarily need to be insured; they can be managed through positive and integrated risk management solutions.
The threat of emerging risks continue and in particular Cyber Liability. Our approach includes a detailed review of the existing structure and recommendations to ensure the programme is fit for purpose.