Why you need insurance for your next charity fundraising event
After a year without events, we can all appreciate just how important and effective they are for raising valuable funds for your charity. Events are particularly effective ways of raising funds because they offer the donors a little something in return, some fun or glamour for their donation.
Perform a risk assessment
It’s important that charities perform a risk assessment when planning an event, so they can understand and minimise any risks before they happen.
An insurance broker will be able to give the charity more specific advice depending on the event it is planning on executing. General guidance from the Royal Society for the Prevention of Accidents (RoSPA) as a starting point, includes:
• Identify the hazards
• Decide who could be harmed and how. Are there any children or vulnerable adults taking part?
• Evaluate the risks and decide on control measures
• Record your findings and implement them
• Review your assessment and update if necessary
Find a good insurance broker
It is highly recommend that the charity speaks to an insurance broker to see what they have to say regarding how risky they think your event could be. They may be able to offer advice on how to lower any risks, as well as help you find the best insurance cover.
A good broker will also be able to help show you how to set up an incident management procedure in advance and make sure everyone knows how to implement it, as well as deciding whether medical care on-site is warranted.
Build insurance costs into the overall event plan
We know the cost of an event will be a big part of your planning process, but having specific insurance to cover your charity and those involved should something go wrong will be vital.
Some further guidance
If you’re looking for more information and guidance on event fundraising, we recommend visiting the Chartered Institute of Fundraising (CIOF) where there are plenty of useful tips and links there to help you keep your event as safe as possible