Properly insuring volunteer work: tips from financial experts

Properly insuring volunteer work: tips from financial experts

According to a report from www.capital.de, an investigation was carried out into how volunteers should properly insure themselves. Many people in Germany volunteer, be it in sports clubs, with the volunteer fire department or in the healthcare system. In the event of an injury while volunteering, statutory accident insurance applies. Sports clubs can additionally insure their members. In addition, private accident and liability insurance is essential. The possibility of all-risk policies and voluntary protection in some federal states was also pointed out.

An injury while volunteering can have a significant impact on the consumer and the industry.
In the event of such an injury, treatment and rehabilitation costs as well as accident pension may apply. These costs can be significant for the consumer, especially if statutory accident insurance is not sufficient.
For the insurance industry, this means that demand for private accident and liability insurance for volunteers could increase. The option of all-risk policies could also be given greater consideration.
If federal states establish their own voluntary protection, this has an impact on the public sector and the insurance system in the respective federal state.

This can also have an impact on clubs and organizations that employ volunteers. A comprehensive insurance policy for their volunteers may be necessary to protect both the organization and the volunteers.

Overall, the research shows that appropriate insurance for volunteers is crucial and offers great potential for the insurance industry.