Management liability insurance for UK volunteering activities
All Volunteering Community members have management liability insurance for UK volunteering activities included as part of their membership fee.
The insurance covers all activities performed with UK charities or not-for-profit organisations. This includes trustee work and the provision of pro bono professional services. In addition, an attractive feature of the policy is that it also extends to cover non-financial activities undertaken on a volunteering basis, for example volunteer gardening or volunteering with sports clubs. However, please ensure you refer to the bodily injury or property damage exclusion within the policy wording as not all claims of this nature will be covered.
The insurance is designed to help members of the ICAEW Volunteering Community to defend any claims arising out of a wrongful act solely in their personal capacity whilst acting for a UK charity or not-for-profit organisation and pay the costs of any valid claim (up to the limit of indemnity). Please read the Summary of Cover and Full Insurance Policy below for more information.
The inclusion of the cover now clarifies the position for members who provide pro bono independent examinations and trustee functions on charity boards whilst acting solely in their personal capacity. However, ICAEW members who wish to provide pro bono independent examinations for charities with gross income above £250,000 should also consult our Helpsheet ‘Can I undertake an independent examination of a charity?’ and obtain a practising certificate and appropriate professional indemnity insurance cover, as this is outside the scope of our Management Liability policy.
Members who charge for such services will still need to obtain a practising certificate and will not be covered for their paid work under this policy.
Both a summary of cover and the full insurance policy can be found below, as well as information about how to join the Community.