Whether you run a charity serving the elderly, children, or other disadvantaged groups, you’ll need insurance to protect your organisation. Charity insurance should begin with Association Liability cover, so that your organisation is protected from a wide variety of lawsuits. You’ll also want to cover yourself against staff injuries and Covid-19 infections, and liability to third-parties for injuries.
It’s quick, tailored, and affordable cover with Provide.
| Coverage | Explanation | Importance for charities |
| Professional Indemnity Insurance | Protects you from lawsuits related to charity work | Critical |
| Directors and Officers (D&O) Liability Insurance | Protects board directors and company officers (e.g. C-Suite) from lawsuits personally targeting them | Critical |
| Cyber Insurance | Protects you if you suffer a cyber attack. Covers IT restoration costs, data breach liability, PDPA liability, and more. | Critical |
| Commercial Property Insurance | Protects your charity premises against property damage, e.g. fire, explosions, certain types of water damage, etc. | Critical if you have a commercial space |
| Public Liability Insurance | Protects you against liability to third-parties for property damage or injuries. E.g. accidentally injuring members of the public while doing a food donation drive. | Critical |
| Work Injury Compensation Insurance (WICA Insurance) | Protects your employees if they suffer work-related injuries/sickness. | Legally required for all workers who earn <$2,600/month, or for manual workers |
Professional Indemnity Insurance: Have at least $500,000 to $1 million coverage.
Directors and Officers Liability Insurance: Have at least $500,000 to $1 million coverage.
Cyber Insurance: Have at least $500,000 to $1 million coverage.
Commercial Property Insurance: If you have a commercial space, you’ll need at least $100,000 coverage. The amount of cover you purchase should be enough to cover the combined cost of all the contents of your space. Include costs like renovations, fixtures and fittings, electronic equipment, belongings, etc.
Public Liability Insurance: Carry at least $500,000 to $1 million coverage. Many landlords will also ask for these cover amounts, if you lease a space.
WICA Insurance: It’s best to insure all your employees. As a baseline, MOM requires employers to insure all manual workers, and all workers who earn $2,600/month or less with WICA Insurance. Manual workers include goods packers, drivers, cleaners, etc. Basically anyone who performs physical work.
| Coverage | Coverage amount (example) | Premium |
| Professional Indemnity Insurance | $100,000 | From $42/month |
| Cyber Insurance | $250,000 | From $49/month |
| Commercial Property Insurance | $100,000 | From $19/month, for a comprehensive Charity Insurance Package deal
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| Public Liability Insurance | $500,000 | |
| Work Injury Compensation Insurance (WICA Insurance) | $10 million common law annual limit
$45,000 medical expenses cover per worker |
