Trustees, officers and managers of not for profit organisations operate in an ever more complex landscape of regulations and legal obligations. Recognising the substantial risks arising from the global nature of their exposure with field work and meetings taking them around the world, we offer worldwide cover as standard. Our NFP policy helps these professionals manage the risks to their personal wealth and assets as well as their organisation and its day to day operations. This modular coverage allows policyholders to pick and choose the covers they want, which include a wide range of traditional and niche liabilities, cyber and privacy, kidnap and ransom, and crime. A range of policy features is listed below.
Comprehensive Management Liability cover
We provider comprehensive trustee, officer and managers cover, including cover for trustees sitting on the board of an outside entity.
Broad employment practices liability cover
Our policy provides a broad cover tailored to the uniquely wide range of staff profiles which tend to work for NFP organisations – from full-time staff to consultants and volunteers and third party promoters.
We recognise the complex contractual landscape in which NFPs work and the sometimes difficult business relationships they have to navigate. That’s why we provide cover for costs and expenses incurred in your defence in case you are accused of providing inadequate services to a contracted client. We also include full civil and contractual liability cover.
Benefit plan liability
Many companies offer comprehensive benefit plans to their employees. Unfortunately, they can also be the source of dispute if employees accuse their employer of negligence or omission in the administration of those benefits. We cover a wide range of benefit disputes, from life insurance to pension overpayment and exoneration costs.
VIRUS & HACKING LIABILITY COVER
Most businesses hold sensitive data entrusted to them by their clients. Losing this data as a result of a hack attack or computer virus can lead to potential liability and significant brand damage. In order to address this emerging risk, we have designed a specific module of cover that provides explicit cyber and privacy protection. Recognising that the cost of notifying a privacy breach can be a concern for any business, we provide a separate, dedicated limit for costs and expenses associated with such a breach.
Kidnap, Ransom & Extortion cover
Our policy provides cover for kidnap and ransom, including the reimbursement of a ransom and the payment of costs associated with kidnap, such as security consultancy costs, bodily injury, legal liability and emergency evacuation. Our extortion cover extends to cyber extortion, a growing area of exposure for any company with a digital presence.
Emergency evacuation expenses
We agree to reimburse you for emergency expenses incurred as a result of an emergency evacuation.
Reputation and brand protection cover
We will look to pay costs and expenses of up to a specified sub-limit for the services of a public relations consultancy to mitigate damage to reputation and brand following a defamation case or lawsuit.
We provide cover for existing litigation or for imminent litigation, meaning you are covered for financial losses which have or are likely to exceed the limits of other policies in place, up to a defined limit.
Comprehensive legal cover
With projects taking place around the world, NFP professionals work in a variety of legal contexts and need comprehensive cover. That’s why our policy includes cover for suits brought anywhere in the world as standard. We also offer clearly defined cover for extradition, appeal and court attendance costs, thus roundly protecting the policyholder from the significant expenses incurred during legal proceedings.