Charities and not for profit organisations need insurance in the same way that any other business does. If your organisation employs staff or has volunteers and/or operates vehicles on public roads, then insurance is a legal requirement.
It is highly likely that employers’ liability insurance will be necessary along with public liability. There are other risks to consider too. For example, cover to protect your office or other premises in the event of a flood, fire or theft, cyber risk and cover for fundraising events.
As a not-for-profit organisation, you should also consider trustee indemnity insurance (also known as trustee liability insurance). The individuals that are responsible for the running of the charity or organisation can face compensation claims in the event that something goes wrong. Trustee liability cover can provide the financial security to protect the organisation if something happens.
Every charity and not-for-profit organisation is unique. The activities carried out can vary enormously from a small office to a regional or national organisation with shops, warehouses and large-scale events.