Cover will include public liability, employers' liability and fidelity cover
Specialist insurer Hiscox has launched a new charities insurance portfolio product for charities, clubs and associations.
The bundled liability and property package will include public liability cover, employers’ liability, bequeathed contents cover, crisis management costs, business HR and fidelity cover.
Charities will also be able to buy optional covers, such as event cancellation and medical malpractice liability.
The new portfolio, available via brokers, provides trustees with separate limits for professional indemnity, employer practices liability and trustees’ liability cover, as well as covering charities for their commercial premises and events related risks.
Brokers will also be able to offer the charities insurance portfolio using pre-priced proposal forms for charities, clubs or associations with up to £2 million of income.
John Heaney, head of Hiscox’s professions and specialty commercial division, said: “Having one insurer offer a single product to cover the range of risks that charities, their trustees and volunteers face will reduce the risk of a charity having potentially expensive gaps in their insurance. In addition, it makes the whole process easier to manage for both brokers and their charity clients."
“With this product, we have combined the financial protection that trustees should have, such as professional indemnity and employment practices liability cover, with the more conventional commercial cover that every charity needs,” he added.
