Charities play an important role in society. Charities go beyond just earning profits. They tend to those who are marginalized in the community, take care of them, give them homage, and even to the extent of being the safe haven for those who are troubled.
However, charities are not at all safe from boulders that would make their cause succeed. Indeed, there can be a lot of challenges that may come in the way of helping others. These can be in a form of fortuitous events; those that are beyond the acts of man, such as natural phenomena, and those that are within the acts of man, such as war.
Hence, charities need to be assured that their cause is not affected by all these, or that if affected, only to minimal damage. Charities normally are occupied with their ways of helping out. In fact, this is one of the factors that a personality may decide when finding charities to donate to.
So, what could be the types of insurance that charities need?
Employer’s Liability Insurance
An Employer’s Liability Insurance saves charities from being responsible for any kind of liability that may arise during the conduct of their activities.
This covers an illness of the charities’ employees or volunteers when they become sick or injured in rendering their service for the charities’ cause. Likewise, it covers environmental hazards that may occur in relation to the conduct of the charities’ activities. This can even be an essential factor to consider especially when the charities are looking for more volunteers or workers and for those kind-hearted people who are finding charities to donate to!
Public Liability Insurance
Public Liability Insurance helps charities to deal with claims made by the public in relation to the activities that charities may conduct for their cause.
This insurance policy covers the damages that may be done to public property, or for personal injuries that employees, workers, or volunteers may commit to the public in the conduct of activities. It is also helpful especially since accidents may happen at any time and anywhere.
However, this insurance coverage is only applicable when the public claim arises from activities done within the business properties of the charities.
Trustees are reputable persons and they have a commitment with the charities where they belong to better the services they offer in order to be of great help to society. However, regardless of the good intentions that they may have for the charities, incidents, where responsibilities may arise, could be inevitable.
With Trustees’ Insurance, they can be covered. Trustees would then worry less on collateral matters and instead focus on what could be the next step for the charities in order to function well.
These are the types of insurance that charities may need. As mentioned earlier, they have an important role in society. Hence, it is logical and proper that they be protected from the inevitable challenges in the conduct of their service.