Making a Difference
Not for Profit Organisations include some of the country’s most hardworking and groundbreaking Charities, Historical Societies, National Trusts and Healthcare groups. These NPOs make huge differences on a daily basis to millions of people’s lives across the country and internationally.
However, NPOs delivering health and care services or even those simply providing advice are particularly liable to allegations. It is absolutely essential therefore that the organisations protect themselves as well as their dedicated staff and volunteers by getting a professional indemnity insurance quote and taking out a comprehensive policy.
Just Trying to Help
Churches, Cancer Councils, The Samaritans; these are just a small example of some of the groups that may require Professional Indemnity Insurance.
Sadly, whilst the best intentions can be had, it is simply within the nature of delivering a service (such as giving advice or tending to an ill or immobile person) that errors or perceived negligence can occur. Even with the most efficient risk management, accidents can happen and it’s always best to be prepared.
Which Insurance is right for you?
Firstly, it is helpful to check whether you are already covered by any type of blanket government insurance scheme, or one from a funding body. If a group receives funding from a state government department, they are sometimes already covered – either fully or partially.
If you are not covered by a wider body, you will need to purchase Professional Indemnity Insurance. This type of insurance covers individuals against any claim for a breach of “professional duty” – which could be seen as anything from a negligent act, error or omission alleged to have been committed whilst conducting professional activities.
You may also want to double check your insurance coverage for other elements of your organisation such as whether you are fully protected for events such as fundraising concerts or dinners.
Imagine the situation; yourself, or a member of your organisation has a consultation with a disabled patient to advise them on how to get around their home easier.
Following this, amendments to the house are made. Two weeks later the patient falls over.
Despite the fact this may have occurred anyway, the patient may still want to claim that they were ill advised and put the blame for the fall on the advice received from your organisation. If they proceeded with such a claim, this could result in anything from a small (but time consuming) court attendance, to a multi million dollar law suit.
The majority of legal proceedings will be financially damaging and without insurance you could be forced to close. Similarly, if funds are tight and equipment that you may need is expensive and specialised, it is important that you’re protected further against incidents such as Burglaries and Thefts.
Get Insured for Peace of Mind
It’s important to realise that Insurance should never be seen as an alternative to Risk Management – NPOs should always aim for the highest levels of caution and safety measures.
However, being covered with professional indemnity insurance helps to provide financial and psychological security, enabling these types of organisations to focus on doing invaluable work. If you’re struggling to come to grips with what is required, this useful resource should help: acay.com.au