Charity and Voluntary Insurance
Charity and Voluntary Insurance is a package of insurance covers, including both employers and public liability insurance, that can be tailored to protect your business against financial loss.
Key Features
Your policy can be tailored to match the needs of your business including all or some of the following: Public Liability Insurance, Employer's Liability Insurance, Stock, Contents, Money, Buildings, and Business Interruption.
Who is it for?
- Charities
- Voluntary Organisations and individuals
- Care Homes
- Care workers
Benefits
- One-Stop 'Shop' - you can purchase all the covers that you require in one easy tailor-made policy.
- Policy 'Bolt Ons' - After employer's liability and public liability, you can choose which other covers are most suitable for your business.
- Stock Protection - If you hold stock on the premises, most insurers will allow you to cover and it against perils such as fire, flood and theft.
- Contents & fittings - You may have valuable contents and fittings that need to be covered separately from the buildings.
- Cash Cover - If you store cash on site, this can also be insured against theft.
- Peace of mind - Once all the essentials are protected, you concentrate your efforts on running your organisation.
- Ease of Use - Just fill out the basic details of your organisation and allow Simply Business to find a suitable broker for you.
Things to watch out for
- Adequate cover - whether you are covering your contents, your stock or money stored on the premises, it is essential that you calculate the right amount of cover to purchase. Purchase too little, and should you lose everything, the insurer will only pay the amount that you have covered.
- Exclusions - Always read the policy documents carefully to check the extent of the cover. For example, the most common exclusion is that you are not covered for theft if you do not take any required security precautions.
- Optional Covers - Some insurers include some extra covers in the standard policy. Others allow you to choose exactly what cover you require and charge accordingly. Ensure you are not paying for something you don't require.
- Security precautions - Most insurers will state that you need to comply with their minimum security precautions. This normally involves things like having a certain type of alarm, or a certain type of lock on external doors etc. If you are not complying with the specified precautions then you may invalidate your policy.
- Material changes to your business - If you take on any extra employees, or increase the amount of stock you hold on the premises, you should inform your insurer instantly, as they may charge an additional premium. Conversely, should you reduce the size of your business the insurer may be prepared to re-quote you a cheaper price.
What are the next steps?
- Know your business - make sure that you know how many employees you need cover for, how much stock you want to cover and all the other details that will affect your quote.
- Don't delay - If you have any employees then you need, by law, to buy employer's liability insurance and display your certificate in the workplace. If you have not got this in place then you run the risk of being heavily fined.
- Fill out our online form - once you have all your details to hand, fill out our online form. Our panel of brokers will then be able to arrange quotations for you as soon as possible.
Compare Quotes
Compare, Decide, Buy
Frequently Asked Questions
How do I know what additional covers to purchase?
The important thing is to match the nature of your business with the insurance you are buying. Make sure you pick the covers that apply to you.
Do I need to buy employer's or public liability insurance separately?
No. These covers are included as standard in the policy. You only need to purchase the one policy for all your insurance needs.
My current insurer has already offered me a renewal quotation, why go through the hassle of getting another quotation?
Insurance is not a product such as a pint of milk where the price is fairly established. By shopping around, you can often save lots of money as different insurers take a different view on risk.
I am worried that I will not be able to get cover for my charity, what can I do?
Many insurers and brokers will not quote charitable or voluntary organisations for business insurance and many in this sector do struggle to purchase cover. We are partnered with a specialist charity and voluntary organisation broker who have a huge experience in writing this kind of business.