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Powerful ways accountants can volunteer

Employing their professional talents to make a difference outside work, ICAEW members are supporting myriad non-profits and worthy causes. David Adams outlines how accountants can use their powers for good

Voluntary organisations have a legal duty to have employers’ liability and/or public liability insurance to cover volunteers. Trustees should consider taking out trustee liability insurance, to cover the costs of compensation claims and associated legal costs resulting from mismanagement. Members of the ICAEW Volunteering Community receive professional liability insurance cover as a benefit. The Charity Commission has published detailed information and guidance on becoming and serving as a charity trustee.

Originally published in Economia on 4 April 2019.