From 1 January 2016 all ICAEW Charity and Voluntary Sector Group members will have Professional Liability Insurance for their UK volunteering activities included as part of their membership fee.
The insurance will cover all activities performed with UK charities and not-for-profit organisations. This includes trustee work and the provision of pro bono professional services. In addition, an attractive feature of the policy is that it also extends to cover non-financial activities undertaken on a volunteering basis, for example volunteer gardening or volunteering with sports clubs.
The inclusion of the cover now clarifies the position for members who provide pro bono independent examinations and trustee functions on charity boards whilst acting solely in their personal capacity. Members who charge for such services will still need to obtain a practising certificate and will not be covered for their paid work under this policy.