Special Events Insurance covers your small business that organizes special events for clients. Insurance will cover you if a caterer or live performer cancels, if the venue turns out to be unsuitable or the equipment fails.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Directors and Officers Insurance (D&O) protects you against claims made against you and others heads of your company. D&O will protect your and your spouse's personal assets if personally sued for acts in managing your company.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Why do Charities need insurance?
Even charities face risks, so they can benefit from the protection that insurance offers. It is the best way to manage risks if there is a liability claim against your charity. Moreover, defending a claim cannot only be expensive but a stressful as well - even if your charity is not at fault. The cost of the subsequent damages awarded could not only destroy your charity's finances but could damage your reputation as well.
What risks do Charities face?
Charities face many risks, and the worst possibility is a tarnished reputation. Trustees are entitled to have their payments made, but unlawful payments can result in a personal liability for the trustee. This also will result in a breakdown that could destroy public confidence. Most often, fundraising is the income for charities and downturns in the economy can pose a huge risk to charities.
Accidents can happen, and no charity can protect itself from claims made against you. An audience at your fundraising event may be involved in an accident, or an employee injured themselves at the event - possibly resulting in a legal action against your organization. The list is exhaustive, but these are the common risks charities can face.
How much does Charity Insurance cost?
Charity Insurance policies meet the unique needs of a charitable organization. However, like any business organizations, charities need to protect their assets and finances as well. Here's a list of some insurance charities need as well as how much the annual premium is.
What are Charities all about?
These establishments are committed to raising funds for different activities. Examples include community chests, united fund councils, federated charities, and federal funds for colleges.