A charity should have insurance cover, otherwise if it suffered a serious loss such as major damage to its buildings or equipment or a liability claim, which wasn’t insured, it would have to cover the loss from its own funds. Also some types of insurance cover are required by law.

Motor insurance and employers’ liability insurance are a legal requirement, if a charity drives on public roads or employs staff.
A public liability insurance policy is necessary to protect itself claims of negligence made by third parties in relation to injury or property damage arising from a charity’s operations.

Insurance can protect a charity and its people and property and reputation against the risk of loss, damage or theft, accidents or liability claims.

As a legal requirement, a charity must have motor, if it drives on public roads, and employers’ liability insurance, if it employs staff.  
As a minimum, we recommend public liability insurance to protect against claims of negligence made by third parties and buildings cover.
Other insurance cover would depend on the risks the individual charity faces, as identified in its risk assessments.

We would recommend a charity takes out a specialist charity insurance policy instead of a business policy.  Charities operate differently than businesses, and have different risks, which may not be covered or excluded under a standard business insurance policy.

A specialist charity insurance brokers can find you the best deal and ensure that all eventualities are covered, while also saving you time searching the market. 
A specialist broker has experience and expertise in identifying potential risks, and can identify and recommend the correct cover a charity needs.  A charity often needs bespoke insurance that may only be available through a broker.  A specialist broker know its corner of the insurance market inside out, so can pinpoint the perfect policy from the right insurer.