Charity insurance

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Tailored insurance for the charity sector.

Whether you run a charity serving the elderly, children, or other disadvantaged groups, you’ll need insurance to protect your organisation. Charity insurance from Provide starts with professional indemnity insurance, so that your organisation is protected from legal liability. You’ll also want to cover yourself against staff injuries and Covid-19 infections, public liability. If you handle large amounts of funds from donors, you should consider getting cover against employee fraud/misuse of funds.

 

It’s quick, tailored, and affordable cover with Provide.

What types of insurance do charities need?

Cover

Explanation

Importance for non profits

Work injury insurance

Covers employee work-related injuries/sickness, including Covid-19 infections

Critical

Professional indemnity insurance

Covers professional liability while conducting non-profit activities

Critical

Public liability insurance

Covers injuries, and third-party property damage (e.g. while performing non-profit activities like food delivery, caring for elderly, etc.)

Critical

Commercial property insurance

Covers fire, water damage, burglary, etc. to your office

Critical

Fidelity guarantee

Covers employees stealing money from you, or committing fraud against the organisation

Good to have

Professional indemnity insurance

professional indemnity insurance


Professional indemnity insurance will protect your non-profit from lawsuits due to negligence, errors and omissions, defamation/libel, and other causes. It pays for lawyer’s fees and other legal expenses, which can easily amount to hundreds of thousands of dollars.

Lawsuits against non-profits can be filed by many different parties: clients (e.g. due to injuries or other losses suffered), donors (e.g. alleging misuse of funds), employees (e.g. alleging workplace harassment), suppliers, and many other parties.  

Commercial property insurance

shop fire insurance

Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.

Public liability insurance

public liability insurance

Public liability insurance will protect you from liability for injuries/property damage to third-parties. 

Fidelity guarantee insurance

fidelity guarantee insurance

Fidelity guarantee insurance will protect you from employees stealing from your organisation. This insurance will pay for the value of money stolen, or fraud committed against your non profit.

How much does charity insurance cost?

Cover

Coverage amount (example)

Typical premium

Explanation

Importance for charities

Commercial property insurance

$100,000

From $100/year

Covers:

          Store premises

          Inventory

          Equipment

          All other store contents

          Plate glass (e.g. shop windows)

Critical

Public liability insurance

$100,000

From $100/year

Covers liability if customers get injured in your store.

Covers liability if you damage other people’s property (e.g. during renovations/repair work).

Critical

Work injury compensation insurance

 

$10 million annual limit (market standard, required by Singapore law)

Sales assistant/cashier: $10/month, per worker

Office-based roles: $5/month, per worker

 

Covers work-related injuries/sickness, including Covid-19 infections.

Critical

Fidelity guarantee insurance

$5,000

From $100/year

Covers employee’s stealing money from you.

Good to have

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Why use Provide for charity insurance?

– Save up to 25% on your premiums
– Compare quotes from multiple insurers
– Industry experts to provide tailored advice
– Available by phone 7 days/week 

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