TAILIEUCHUNG - Charities And Insurance

Incomplete or incorrect information about a mandate also can influence behavior in ways that are not commonly explained by typical assumptions of rationality. There is evidence that people are more responsive the more salient—or more notable—is the true price (or other important attribute) of an item. At the grocery store, a tax that is incorporated into an item’s price (and displayed that way on the shelf) appears to have a greater influence on the decision not to purchase that item than will a sales tax that is added at the register (Chetty, Looney, and Kroft, 2009); toll roads that require. | FUNDING FINANCE Charities and Insurance The Charity Commission The Charity Commission is the independent regulator of charities in England and Wales. Its aim is to provide the best possible regulation of charities in England and Wales in order to increase charities effectiveness and public confidence and trust. Most charities must register with the Commission although some special types of charity do not have to register. There are over 160 000 registered charities in England and Wales. In Scotland the framework is different and the Commission does not regulate Scottish charities. The Commission provides a wide range of advice and guidance to charities and their trustees and can often help with problems. Registered charities with an annual income over 10 000 must provide annual information to the Commission. The Commission has wide powers to intervene in the affairs of a charity where things have gone wrong. Published by the Charity Commission Contents A. Introduction 2 B. Why a charity might need insurance - the basic considerations 4 C. Risk assessment and decision making 8 D. Insurance for charities that own or occupy land or buildings 11 E. An overview of other insurance cover available 15 F. Further sources of information 19

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