Volunteering your time to make life better for others is noble.
But doing so makes you vulnerable to risks and liabilities you may not be aware of.
You're potentially liable for the outcome of all decisions and actions of the charity you help run. From keeping up with health and safety regulations to making sure every penny is accounted for – charities are subject to the same onerous bureaucracy as commercial companies.
Seems a bit unfair doesn't it?
What's even more unfair is that claims can be made against individual trustees. This means that your personal assets are at risk. In short, you have to pay.
But it's not all bad news. Charities' and trustees' insurance can protect you. If there's a claim, it covers paying a solicitor to defend you as well as any compensation that the charity, you, or any other trustee are liable for.
It’d be great if we could say that and mean it. But we can’t.
Accusations are made, solicitors get involved and people want compensation. Rightly or wrongly these things happen every day and, sooner or later, you could be on the receiving end.
A claim won’t go away if you ignore it. And there are no shortcuts. You have to Do Something About It.
So, you need trustees' insurance because you have a charity to run; because it has limited funds; because you’re not legally trained; and because your charity's reputation matters.
What else is there?
Solicitors are expensive. Very expensive. And you'll need the best if a claim is made against you.
Luckily, your policy comes with a team of specialist legal experts ready to fight your corner. The higher your level of cover, the more your insurer pays and the less likely it is you'll have to open your chequebook.
Always bear in mind that you can’t have too much cover. Your legal defence can cost many tens of thousands of pounds – and that’s before the compensation bill from the aggrieved party arrives. Your level of cover has to be enough to cover all of this.
Glad you asked.
The simple answer is: we know what we're doing. Professional insurance is all we do so we know what you need, even if you don't.
We also know that buying insurance can be, well, a bit of a pain. So we make sure getting yours is quick and hassle-free.
We do all that while treating you like a human being, too. You won't find a call centre here. Or a phone menu. And we've banned nonsense insurance jargon.
Plus, every insurance-related question you can think of is answered in our School of Risk, and you'll get our quarterly risk advice email – 'The Waggle' – to help you avoid problems in the first place.
If you're after a second opinion, have a look at our customers' feedback. They're the ones you should really listen to.