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Charity Insurance for Shops & Business

For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!


For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

Charity insurance is a packaged insurance plan that protects the charity, its officers, and the businesses it operates against lawsuits. Read this guide to know the inclusions, the cost of premiums, and the best companies. 

What Kinds of Insurance Do Charities Need?

Charities and their businesses need professional liability, public liability, and general liability insurance against lawsuits from third parties. Directors' and officers' liability insurance is also important to protect the executives. Commercial property insurance is for the office, while workers' compensation insurance is for full-time and part-time employees. All of these policies are offered by charity insurance packages.



General Liability Insurance for Charities


CoverWallet NEXT (Best)Thimble Hiscox
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$2,000,000
Products and completed operations aggregate limit $2,000,000
$1,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit $1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit $100,000
$100,000$5,000$300,000
Waiver of subrogation included?YesNoIncludedCan be included
Hired/non-owned auto liability coverage included?YesNoExcludedCan be included
Equipment breakdown floater included?No YesYesYes
Can you get a certificate of insurance online?YesYesYesYes
Name additional insureds?YesYes
YesYes
Deductible$0$0$0$0


Use the table above to see which insurance company offers the best general liability policy in their charity organization and charity shop insurance bundles. 

Your charity must have a $1 million-$2 million general liability insurance to cover accidents that happen in its headquarters or at the commercial space of its business. 

This insurance takes effect if clients file a claim for bodily injury or property damage. In practice, general liability insurance can help in these situations:

  • An independent window cleaner falls from a height while cleaning the window of your charity’s high rise office building

  • A sponsor slips and falls while visiting your charity’s office

  • The sprinkler of your charity suddenly got defective and soaked the phone of a passerby


Each time a claim for accidents is filed, a general liability policy is the charity business insurance that will allow you to cover the following expenses without worrying about the resulting financial losses:

  • Emergency room fees, doctor’s fees, medication, and other expenses for medical treatment

  • Reimbursement or refund for the damaged property

  • Settlements

  • Attorney fees, investigation fees, and other legal expenses

  • Court judgments 


Bodily injuries and property damage claims aren’t the exposures. This is why carriers automatically include the following coverages in their general liability insurance for small charities and nonprofit groups:

  • Tenant’s legal liability coverage

  • Products and completed operations coverage

  • Hired/non-owned auto liability coverage


Charity Public Liability Insurance

Small charity insurance might offer a public liability policy, which works the same way as a general liability policy. That said, you can use this insurance to cover claims for bodily injuries or property damage. 

In practice, public liability insurance for charity organisations is offered if the insurance company doesn’t underwrite general liability insurance and vice versa. Insurance companies in the USA rarely sell charity public liability insurance. In contrast, this is commonly sold by UK insurance companies. 


Professional Indemnity Insurance for Charities 


CoverWallet NEXT Thimble (Best)Hiscox
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$1,000,000
Name additional insureds?YesYesYesYes
Waiver of subrogation included?YesNoYesCan be included
License defense coverage includedNoNoNoNo
Deductible $500$500$500$50/$10,000


Use the table above to see which insurance company offers the best professional indemnity insurance for charities. 

Professional indemnity insurance will cover settlements, legal fees, and court judgments if third parties hold your charity responsible for:

  • Negligence

  • Violation of good faith

  • Misrepresentation

  • Breach of contract


Purchasing professional indemnity insurance is smart if your charity and its business are involved with the following activities:

  • Mental healthcare

  • Social work

  • Elderly care

  • Youth sports training, coaching, and development

  • Remodeling houses for people with disabilities


Professional liability insurance for charities and community groups is available as stand-alone coverage or as an add-on to general liability insurance. Moreover, you also get the option of having it as a claims-made or occurrence insurance policy. 


Directors and Officers Liability Insurance

Insurance companies will offer directors and officers liability coverage if you’re looking for charity trustee insurance. 

Directors and officers' liability insurance do the following:

  • Cover the legal expenses on behalf of your charity’s directors and officers if a lawsuit is filed against them

  • Cover the financial losses of directors and officers if the claimant wins the lawsuit

  • Cover your charity if it’s also held liable for the misconduct of directors and officers


Your charity can usually use directors' and officers' liability insurance to cover claims for misappropriation of funds and misrepresentation. 

Directors' and officers' liability insurance is very important when running a charity because lawsuits against executives can be very costly.


Charity Cyber Liability Insurance

Your charity will find it easier to inform the public of its advocacies, get donations, and hire volunteers with a website. Consider making one right now. And when your website is up and running, don’t forget to buy cyber liability insurance for charities.

Someone might breach your charity’s website and gain access to the sensitive information users provided-credit cards, phone numbers, addresses, emails, and more.  Once cybercriminals do something with the information they’ve stolen, users might incur losses. Of course, they’ll file a claim against your charity to get some reimbursement. 

The function of cyber liability insurance is very straightforward-to cover your charity’s defense costs and settlements to aggrieved parties affected by the data breach. Also, it will reimburse what you spent on PR to prevent the situation from getting out of hand.

Compare Charity Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Commercial Property Insurance for Charities


CoverWalletNEXT (Best)ThimbleHiscox
Building coverage limit (minimum)$50,000$180,000$25,000/$500,000$25,000
Contents coverage limit (minimum)$50,000$25,000$25,000/$500,000$25,000
Outdoor signsExcluded$2,500ExcludedExcluded
Accounts receivableExcludedExcluded$5,000/$10,000Included
Money and securitiesExcluded$2,500$1,000Included
Lock and keysExcluded$2,500ExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000Excluded
Employee dishonesty floaterExcluded$5,000$2,500Included


A lot of your charity’s financial resources will be spent on owning and maintaining its headquarters. Your charity will lose a lot if something happens to its office and there’s no insurance ready and waiting.

Tailored plans for charity insurance cover the office if you add a commercial property policy. Commercial property insurance will cover reconstruction or repair expenses if your charity’s office is destroyed or damaged by:

  • Fire

  • Theft

  • Vandalism

  • Civil commotion

  • Riot

  • Weather

  • Volcanic action

  • Lightning

  • Sinkhole collapse

  • Impact

  • Falling objects

  • Aircraft

  • Vehicle


It’s already a given that, if there’s an office, then inside it are valuable objects such as computers, documents, water dispensers, television, printers, photocopiers, and telephones.

Commercial property insurance for charities comes with contents coverage. Contents coverage will reimburse the estimated value of valuables inside your charity’s office if the exposures in the list above happen.

In addition, consider checking your quote for commercial property insurance as these coverages might be automatically included:

  • Outdoor signs coverage

  • Equipment breakdown coverage

  • Accounts receivable coverage

  • Utility services interruption coverage


Business Owner’s Policy for Charities


CoverWalletThimbleNEXTHiscox (Best)
General liability aggregate limit$2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000
Commercial property coverage limit$50,000$25,000/$500,000$180,000$25,000
Optional policies can be added?YesYesYesYes
Name additional insureds for free?YesYesYesYes
BOP discount?YesYesYesYes


Use the table above to see which insurance company offers the best business owner’s policy for charities.

Insurance companies might allow your charity to avail a business owner’s policy.

A business owner’s policy bundles general liability and commercial property insurance.

Premiums for a business owner’s policy are 10% cheaper than when you bought general liability and commercial property separately.

Some insurance companies allow you to modify your business owner’s policy by adding optional professional liability, business interruption, equipment breakdown, and D&O insurance policies.


Commercial Auto Insurance for Charities

For charity vehicle insurance, what you’ll need to purchase is a commercial auto policy. This is either available as a stand-alone policy or as an add-on to your charity insurance package. Commercial auto insurance will:

  • Cover accidents that your charity’s vehicle caused while it’s being used for events, fetching clients, and business trips

  • Pay for the repair or replacement of parts if your charity’s vehicle is damaged by fire, theft, vandalism, and other covered perils

  • Shoulder the medical treatment of the driver and passengers if an uninsured/underinsured vehicle crashes your charity’s vehicle


Note that authorities will require you to get the minimum level of charity car insurance. Failure to do so will result in jail time and hefty fines.

By the way, some insurance companies sell temporary charity van insurance. This is a short-term commercial auto insurance that lasts for hours, days, weeks, or months. The coverage of this policy applies to vehicles your charity owns, leases, or borrows.


Workers Compensation Insurance for Charities

Your charity needs workers' compensation insurance if it employs one or more full-time and part-time employees. On the flip side, there’s no need to get this coverage if executives and other offices solely manage your charity.

Workers' compensation insurance will take care of the following expenses if the employees of your charity sustain a work-related injury or disease:

  • Medical treatment

  • Hospitalization

  • Medication

  • Rehabilitation

  • Lost wages

  • Funeral expenses and allowance to dependents in case of death


A $500,000-$1 million employer’s liability coverage can be optionally added to workers' compensation insurance. You can use this to cover legal expenses if employees, who sustained a work-related injury or disease, file a negligence claim.



Event Insurance for Charities


Limit
General liability insurance$1,000,000 per occurrence$2,000,000 aggregate
Cancellation coverage$50,000
Accidental medical expenses coverage$10,000-$25,000
Liquor liability insurance$1,000,000 per occurrence$2,000,000 aggregate


Your charity might host fundraisers, community contests, and other events. Your existing charity insurance won’t cover events. And so, you’ll need a separate event insurance coverage.

Event insurance is a short-term coverage for any activities hosted by your charity. Here’s a quick summary of its functions:

  • Cover the medical treatment of participants that sustain injuries or property damage during your charity’s event

  • Take care of reimbursements, repairs, or replacements if the equipment your charity rented for the event got lost or damaged

  • Reimburse non-refundable expenses if your charity’s event gets canceled

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Charity Insurance Cost 


Cost per MonthCost per YearDeductible
General liability insurance$38$456$0-$500
Professional liability insurance$50$600$500-$1,000
Commercial property insurance$40$480$1,000-$2,500
Business owner’s policy$70$840$500-$1,000
Workers compensation insurance$80$960$2,000-$5,000
Cyber liability insurance$79$948$500-$1,000
Directors and officers liability insurance$100$1,200$1,000
Commercial auto insurance$55$660$1,000


The average charity insurance cost is $38 per month or $456 per year for a $1 million general liability policy. Factors that affect the cost of premiums are business history, claims history, number of employees, annual revenue, and location. Here’s another table showing how much the recommended carriers charge for a $1 million general liability insurance for charities. 


Cost per MonthCost per YearBest for
NEXT$25$300Best overall; Fastest general liability insurance for charities
CoverWallet$27$324Charity insurance quotes comparison online
Tivly$29$348Comparing charity insurance quotes over the phone
Thimble$31$372Short-term charity insurance
Hiscox$34$408Comprehensive charity coverage
Unity$36$432On-demand charity events insurance
Zurich$44$528Large charity organizations

Compare Charity Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Charity Insurance Companies

If you’re looking to get your charity insured, then you’re going to need to take the time to consider which insurance company would work best for you. Instead of leaving the matter up to you, we’ve gone ahead and reviewed the best charity insurance companies. Read to know their pros, cons, and rate for a $1 million general liability coverage.


NEXT Charity Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for charities

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you bundle management consultant insurance policies

Cons

  • Couldn’t find any 

NEXT doesn’t have a charity insurance program. However, you can get covered through its insurance for civil and social organizations. You might be referred to Tivly to get a quote and purchase the coverage. 

Best for: Best overall; Fastest general liability insurance for charities

Average cost: $25 per month

Our rating: 10/10


CoverWallet Charity Insurance 

Pros

  • Compare charity insurance and charity events insurance quotes online

  • Purchase an insurance policy online

  • Stable rates

Cons

  • Doesn’t underwrite its own charity insurance

CoverWallet covers charities as well as the events sponsored by charities. Charities working with this company pay for their premiums online, get free certificates of insurance, can cancel a policy anytime, and can file a claim anywhere.

So what insurance plans does CoverWallet have for your charity? CoverWallet isn’t a pushy carrier. In fact, you can decide to get general liability insurance only. If you think that general liability insurance isn’t enough, then the company offers general liability with directors and officers liability insurance. If you want three insurance policies for comprehensive protection, CoverWallet has general liability insurance with directors and officers liability insurance and commercial property insurance. Say, if you’re not afraid to spend money on a multitude of policies, then this company can cover your charity with a custom plan.

Best for: Charity insurance quotes comparison online

Average cost: $27 per month

Our rating: 10/10


Tivly Charity Insurance

Pros

  • Call and compare quotes over the phone

  • Responsive customer service

  • A partner of reputable insurance companies

Cons

  • You need to call to get a quote

Tivly can take you to its partners who underwrite coverage for charities. An agent will take you through the specifics of your coverage. And so, you’ll need to call Tivly to compare quotes over the phone and get covered. 

Best for: Comparing charity insurance quotes over the phone

Average cost: $29 per month

Our rating: 10/10


Thimble Charity Insurance

Pros

  • Get insured for only hours, days, weeks, or months

  • No deductible on its general liability insurance for non-profits

  • Cancel a policy anytime at no additional cost

Cons

  • Doesn’t have an online quotes comparison platform

Thimble doesn’t have tailored charity insurance. However, it offers general liability coverage to different non-profit organizations such as charities, clubs, volunteer organizations, and so on. Thimble’s general liability insurance can be endorsed with other insurance products sold such as directors and officers liability, commercial property insurance, commercial auto insurance, and business owner’s policy.

Best for: Short-term charity insurance

Average cost: $31 per month

Our rating: 9/10


Hiscox Charity Insurance

Pros

  • Affordable

  • Excellent service

  • Offers trustee coverage

Cons

  • Slow to give quotes

Hiscox, originally started in the early 1900s, is one of the largest insurance companies in the world. Since then, Hiscox has become one of the world’s number-one providers of numerous insurance products.

Hiscox offers coverage for charities under the Business Insurance for Charities program. This program includes trustee liability insurance, charity shop insurance, property insurance, and personal accident insurance. The company offers flexible payment options and has been rated one of the best insurers when it comes to service.

Best for: Comprehensive charity coverage

Average cost: $34 per month

Our rating: 8/10


Zurich Charity Insurance

Pros

  • Quick to give quotes

  • Accurate and very transparent insurance premiums

Cons

  • Has some issues in claims processing

Zurich offers a range of specialized insurance policies for charities, including public liability insurance, employers’ liability insurance, and trustees insurance. The company is known for its relatively painless online quote process, allowing you to get an estimate far quicker than its competitors.

Best for: Large charity organizations

Average cost: $44 per month

Our rating: 7/10


Unity Charity Insurance

Pros

  • Versatile insurance options for charities

  • Offers one-time event insurance for charity fundraisers

Cons

  • Brokerage not an insurance carrier

Unity is not technically an insurance carrier, but they are a brokerage that specializes in working with community groups and charities. They have worked with The Scouts, exclusive clubs, and charities, and their insurance policies specialize in rendering these community groups the kind of coverage that they need.

Being an insurance brokerage, Unity is able to offer their customers a much wider range of policies than a carrier could on its own. Their insurance policies for charities include building and contents coverage, employers’ liability, trustee indemnity, public liability, and even commercial auto cover.

Best for: On-demand charity events insurance

Average cost: $36 per month

Our rating: 6/10


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