Why do Not-for-Profit & Charities need insurance?
You might be running a not-for-profit, but that doesn’t mean you can afford for your organisation to run at a loss either. Even with all the good your organisation may do, there is a very real possibility of something going wrong, be it allegations of mismanagement or that you caused bodily injury or property damage to a third party. Some of these unfortunate incidents could be enough to cause significant financial detriment to your organisation. Having the right insurance in place should therefore be a key consideration to help ensure you can keep your focus on fundraising efforts.
Why choose Aon for Not-for-Profit & Charities Insurance?
When it comes to insurance for your not-for-profit organisation, there are a number of options available to you, and you may or may not need more than one. We understand it can be confusing, and there are a lot of pieces to put together. So as part of our commitment to making insurance easy to understand, buy and manage, we’ve developed the NFP Insurance Puzzle Helper to help you identify what insurance you may need, what you may not need, and most importantly, why.
- Professional Indemnity insurance: cover for any professional services provided by your organisation;
- Management Liability: cover for your organisation’s directors and officers against legal liability arising out of their management duties;
- Employment Practices Liability: cover for employment-related claims brought by current, former or prospective employees against your organisation; and
- Fidelity: cover for direct financial loss suffered by the organisation as a result of fraud or dishonesty committed by an employee. 1
As a Not-for-profit organisation, you may store a lot of personal information on your systems. A cyber attack on your organisation may result in unauthorised release of that information. Standard insurance cover such as Public Liability and Professional Indemnity may not protect you in the event of a cyber attack, and as such the financial implications for your organisation could be very significant.
In response, Aon has worked with our cyber risk experts to develop a competitively priced insurance cover that helps protect your Not-for-profit.
If you’re unsure of the insurance you need for your event, Aon’s NFP Insurance Puzzle Helper can help you decide. You can also speak to a member of Aon’s Not-For-Profit team by calling 1800 123 266.
It is important to keep your policy up to date with the changing shape of your work but also to keep your business and personal information up to date in the event of a claim.
Should your business circumstances have changed, for example, you have changed the services that you offer and you are not sure if your existing insurance provides covers for any new activities, you can always call one of our experienced friendly brokers to discuss on 1800 123 266.
How do I receive my certificate of currency?
Your broker will email you your certificate of currency once payment has been made on your policy.
What are your opening hours?
Our opening hours are 8.30 a.m. to 5.00 p.m. AET Monday to Friday (except public holidays). If you need to contact us out of hours you can email us firstname.lastname@example.org and we will pick up your query on the next business day.
How can I make payment?
You can make payment over the phone by calling our team on 1800 123 266 or follow the instructions at the bottom of your invoice.
What is the process after I have completed the proposal form?
After you have completed the proposal form you will need to click the ‘Submit’ button at the bottom of the form, or forward the form to our NFP team at email@example.com. As long as you have provided the necessary information, we will respond to your email with an appropriate quotation or, if required, refer the quotation to our panel of insurers for terms.