# Charities' insurance fears "are unfounded"

- Link: https://fundraising.co.uk/2007/07/03/charities039-insurance-fears-quotare-unfoundedquot/
- Published: 2007-07-03T23:00:00+01:00
- Author: Howard Lake

Charity insurance company Ecclesiastical reports that only 5% of charities think
that insurance claims against them will be a serious threat facing them in the future.
Many more (64%) are primarily concerned with the risk of withdrawn funding.
New 
research commissioned by Ecclesiastical has found that, despite the perception that
insurance worries are the reason for cancelled events, only 3% of charities have
actually cancelled an event.

After the risk of withdrawn funding, charities surveyed were more concerned by protecting
their image and reputation (17%) and changes in social policy (9%).

The research by FWD was carried out in June 2007 and involved a sample of 100 charities
with a range of incomes and purposes. It found that one in five charities is worried
about rising insurance premiums, and one in ten is worried about claims made against
their charity by the public.

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Ecclesiastical’s Chief Underwriting Manager, Chris Lees, said: “Despite what people
might think, insurance isn’t a major stumbling block for charities. They can get
the cover they need at a reasonable price and insurance concerns don’t get in the
way of organised events.

“If charities use proper risk management techniques, keep in touch with their broker
and use a specialist insurer they can be confident they’re properly protected.”

Ecclesiastical has re-launched its specialist charity insurance policy with improved
levels of cover. These include automatic cover for charity trustees up to £100,000,
equipment breakdown in the event of electrical or mechanical breakdown, and fidelity
guarantee to cover exposure to fraud and dishonesty from employees and volunteers.

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