Not-For-Profits
Not-for-profits play a vital role in creating positive change, often operating in complex and challenging environments. Protect your organization with insurance solutions designed to cover risks like liability claims, property damage, and volunteer safety. Whether you’re a small community group or a larger charity, we’ll focus on helping you safeguard your mission so you can continue making a difference.
Products
- Property
- Crime
- Public Liability
- Management Liability
- Professional Indemnity
- Cyber
- Product Liability
- Equipment Breakdown
- Workers Compensation
- Business Interruption
- Motor
- Marine
- Corporate Travel
Some significant exposures for not-for-profits
- Crime – fraud-based claims and employee dishonesty
- Cyber – external hacking to gain access to sensitive/confidential client information
- Equipment – breakdown of business-critical equipment
- Management risks – breaches of WHS legislation, discrimination, privacy breaches and other employment practices liabilities
- Product liability – food poisoning or foreign objects in food products
- Professional risks – errors and omissions from advice or training to third parties
- Property damage – faulty appliances such as desk top fans and heaters introduced by staff
- Property damage – fire risk in staff kitchens
- Property damage – poorly maintained building, plant and machinery/electrical switchboards
- Public liability – slips, trips and falls with customers getting injured when visiting the not-for-profit’s premises
- Workers’ compensation – injury from electrical shock, falls and cuts
- Workers’ compensation – injury from lifting heavy objects
Product Spotlight – Property
Property Insurance protects businesses against financial losses resulting from damage or destruction to their physical assets, such as buildings, equipment, and inventory. It covers risks like fire, theft, vandalism, and natural disasters, ensuring your business can recover and continue operations. This essential coverage is vital for all types of organizations, from small businesses and large corporations to not-for-profits.
Common sources of claims include:
- Fire
- Theft
- Storm
- Rain
- Wind-related events
- Impacts by vehicles and trees
- Vandalism
- Water damage
Claims Example
Storm Damage
Business Details – Community group
Background – Storm damage caused water to leak through a hole in the iron roofing inside a community group’s building, which damaged support beams and the ceiling.
Outcome – The insured’s property insurance policy covered the repair costs.
Total Payment – $2,000
Water Damage
Business Details – Sports Club
Background – The bar and general area of a sports club was damaged when the premises was flooded following an overnight leak from their ice maker, occurring when the premises was unoccupied. Water flowed for some time until discovered by cleaners early next morning.
Outcome – The insured’s property insurance policy covered the repair costs.
Total Payment – $10,000