If you answered “yes”, then how you approach risk management will vary to other organisations. But while that may seem obvious, what’s not always obvious is the range of risk management policies charities ought to have in place.
Some of these are legal requirements, while others are strongly recommended based on your activities or the way you operate. Good risk management satisfies regulators, donors and your insurer that you’ve taken responsible action to manage all levels of risk. In the event of a claim, your insurer may request evidence of appropriate risk management.
With the help of Trust Advice CIC (a specialist advisor to UK charities), Access Insurance has put together a short guide with an overview of the risk management policies you’ll want to consider having in place.
To find out how Access Insurance can help you contact us at firstname.lastname@example.org