Trustee Indemnity & Liability Insurance for Charities
Expert advice and trustee indemnity insurance for charities and D & O insurance for not-for-profits.
People who volunteer their expertise to help lead a not-for-profit organisation may face allegations relating to how they have carried out their duties. Although the risk of such allegations against a committee member is generally lower than against the organisation itself, it can be reassuring to know that the group has arranged insurance to defend, support, and indemnify individuals in that role.
Our brokers are experts in arranging D&O insurance (Director and Officer) for not-for-profits and charities. This essential cover, also known as Trustee Liability Insurance, is designed to protect your leadership team from personal financial risk.
Whether you call it Trustee Indemnity or D&O cover, this is the specific insurance for charity trustees that covers claims against them for wrongful acts. You can read more about the risks, types of cover and claims in our Trustee Risk Guide.
Each charity we help has different needs. We’ll ensure you get the right cover quickly and easily.
Key benefits:
- Get free advice & a no obligation quote over the phone
- No proposal forms to fill in
- Varying limits of trustee indemnity insurance available, from £100,000 to £10 million of D&O insurance for not-for-profits
- Optional covers available so your group has the insurance you need
- Affordable policies (from £7.50/month for £100,000 of cover)
Our charity trustee indemnity insurance packages are designed to cover your Trustees against claims for wrongful acts. Wrongful Acts include actual or alleged acts (including breach of duty or trust) and the policy is designed to pay for and defend these actions.
Cover can be extended to include professional indemnity insurance for services you provide and fidelity guarantee insurance (cover for fraud or dishonesty by employees or volunteers).
D&O Insurance for Not-for-Profits Explained
Many not-for-profits search for Directors and Officers (D&O) insurance, wondering if it’s different from Trustee Indemnity. For charities and not-for-profit organisations, they are functionally the same policy.
Our D&O insurance for not-for-profits is specifically designed for the third sector, protecting the personal assets of your directors, officers, and committee members from claims of negligence or wrongful acts in their management capacity.
If your not-for-profit has a board or management committee, this insurance may be a standalone policy to consider or part of wider charity insurance policy.
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How can we help you?
If you need help determining whether you need trustee indemnity insurance, please contact us on 020 8651 7420. Our specialist team of advisers are here to help you from a simple question to advice on a more complex range of covers.
Understanding Your Personal Liability as a Trustee
Trustees can be held personally responsible for their actions, even within the structure of a limited company or CIO.
This personal liability is precisely why trustee liability insurance is so critical. It acts as a safety net, covering the legal costs to defend you and paying settlements if a claim is successful, ensuring a mistake doesn’t lead to personal financial loss.
This is liability protection that insurance can provide for charity trustees.
See what our clients say
They were able to provide cover for what we needed & unlike our previous insurer we did not need to buy a policy that covered several aspects we did not need. I would recommend them.
Wow! What can I say; absolutely fabulous service from Access where nothing was too much trouble. Courteous, responsive and extremely quick in setting up our non-profit group’s insurance.
We felt like lost sheep & not sure what we needed. We were very happy to be guided by their expertise. The staff were extremely helpful and very patient. We would highly recommend them. Excellent…
…it was critical that we had the right cover. Despite the lead time that was available to get the quote in, reviewed and agreed Access Insurance met this challenge head on.
Join thousands who are protected with our charity trustee indemnity insurance
Your questions answered.
A common misconception is that trustees, directors and key decision-makers are not individually liable. A company or charity with limited liability only refers to the liabilities of debts. Therefore, financial claims or legal action could be taken against an individual in a position of trust if there are suspected wrongful acts, errors, breach of duty or negligence. Insurance is handy when protecting your charity from these sorts of claims but doesn’t cover everything. For example, to protect against fraud and theft by trustees a fidelity guarantee policy should be taken out, and trustee indemnity cover (also known as trustee liability insurance) does not insure against poor commercial decision-making. You can read more about trustee indemnity in this guide. Our advisers can also help identify which policies would be best for your organisation.
Yes, the terms are often used interchangeably. Both refer to cover that protects trustees and charity officers from personal liability for wrongful acts such as breach of duty, error or negligence in the running of a charity.
Yes, most policies provide cover for past trustees, provided the incident occurred during their time in the role and within the policy period or retroactive cover window. We can help ensure your policy includes this protection.
Some groups that need cover for members of their management committee might be put off by the description ‘Trustee Indemnity’ that many policies use. It is useful to know what an insurer considers to be a trustee in terms of this cover.
Policies do differ (and so should be checked) but trustees are often defined quite broadly as current and previous people that have held a post of:
• Trustee
• Director
• Officer
• Governor
• Member of a management committee
Trustee indemnity (or trustee liability) insurance covers the cost of compensation claims made against an organisation’s directors, trustees and key managers (officers) for alleged wrongful acts.
Wrongful acts may include:
• Breach of trust
• Breach of duty
• Neglect
• Error
• Misleading statements
• Wrongful trading