Specialist business insurer Hiscox has introduced its new Charities Insurance Portfolio product for charities, clubs and associations.

According to the Hiscox, the bundled liability and property package Charities Insurance Portfolio will offer trustees with separate limits for professional indemnity, employer practices liability and trustees’ liability cover, and covers the charities for their commercial premises and events related risks.

The package, available via brokers, includes public liability cover (including volunteers at fundraising events); employers’ liability; bequeathed contents cover; crisis containment cover (PR costs); business HR and fidelity cover.

In addition, charities will also be able to buy optional covers, such as event cancellation, and medical malpractice liability, said Hiscox.

Hiscox UK Professions and Specialty Commercial Division head John Heaney said, with this product, Hiscox combined the financial protection that trustees should have, such as professional indemnity and employment practices liability cover, with the more conventional commercial cover that every charity needs.