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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.
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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 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. Â
Commercial property insurance
Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties.Â
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 |
|
$100,000 |
From $100/year |
Covers: –Â Â Â Â Â Â Â Â Â Store premises –Â Â Â Â Â Â Â Â Â Inventory –Â Â Â Â Â Â Â Â Â Equipment –Â Â Â Â Â Â Â Â Â All other store contents –Â Â Â Â Â Â Â Â Â Plate glass (e.g. shop windows) |
Critical |
|
|
$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 |
|
|
$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 |
|
|
$5,000 |
From $100/year |
Covers employee’s stealing money from you. |
Good to have |
