Please change your location to view this page.
This page contains content that does not match your current location
Insurance is an important consideration for not-for-profit groups. It is sometimes essential under the terms of a lease or a funding agreement.
There are many different kinds of insurance that address different kinds of risks. Common types of insurance include:
- public liability
- directors' and officers'
- asset or contents insurance
- event-specific insurance, and
- volunteer protection
Our guide to Insurance and Risk Management for Community Organisations (for all Australian states and territories), provides information on risk management strategies and different insurance products that can be used as part of a community organisation's risk management.
- Risk Management Guide and Health Check – A guide for not-for-profits and social enterprises prepared by MinterEllison and published by Koda Capital
Indemnity for office holders of incorporated associations
The Associations Incorporation Reform Act 2012 (Vic) includes an indemnity provision that requires an incorporated association to indemnify its office holders for liabilities they incur in good faith while performing their duties. Our fact sheet below covers the issues that Victorian incorporated associations should consider including:
- what is the indemnity? and who is an office holder? and does the indemnity mean we need to take out insurance?
- the risk that indemnity creates and how to manage this risk, and
- what happens if your organisation is required to make a payment to an office holder under the indemnity