Insurance packages available to Member Plus CLTs
CLTs that choose to join the National CLT Network as a Member Plus receive bespoke and comprehensive Directors and Officers Liability insurance.
Directors & Officers Insurance
If you are a trustee, directors, committee member or officer of a charity, association and not for profit organisation, you should have Directors & Officers/Trustees Insurance. It is designed to cover the cost of claims for compensation for wrongful acts made against you.
Being a trustee, director, committee member or officer of an organisation brings with it certain responsibilities – for example to volunteers/employees and members of the public. It also exposes the individuals holding these positions to personal liability for any errors or omissions they make in the performance of their duties. This means that they can personally face claims which could lead to fines, compensation awards, or even imprisonment. While the likelihood of this happening is low, it's important to get insurance to cover the worst eventuality.
Additional insurance options
Organisational and Professional Liability
(CLTs will need to pay a further fee for this insurance)
Organisational & Professional Liability is an extension that can be added to include claims made directly against the company for alleged wrongful acts and errors/omissions in the advice and services the organisation provides.
There are a number of benefits to securing your insurance through the National CLT Network, including:
Bespoke coverage from a leading UK insurer;
Access to professional insurance advisers who will be happy to guide you on all aspects of your insurance placements;
A wider definition of Insured Person, including all directors, officers, trustees and employees;
Cover for individuals in respect of claims arising out of their provision of advice;
Cover for former members in respect of wrongful acts committed whilst a member;
Cover for defence costs incurred by the CLT itself in relation to Corporate Manslaughter or regulatory Investigations
Access to free advice lines (legal, health & safety, tax and stress counselling).