March 13, 2019
Charities and not for profit organisations have very specific requirements when considering their insurance contract. Whether run by staff or volunteers charities need specialist advice about their insurance needs and obligations.
Flint can offer cover for every size and type of charity, including these in the following sectors:
The policy can be created exactly to the specific charity’s requirements, as well as Public and Employers liability it can also include: Data Breach Response, Professional Indemnity, Charity Trustees Management Liability, Personal Accident, Business Travel and Employee Dishonesty.
Other features include:
Bequeathed property – buildings up to 10% of sum insured or £250,000 limit and contents up to £25,000
Automatically includes up to 3 months protection for property willed to the charity, until the correct buildings insurance can be put in place.
Motor No Claims Discount and Excess Protection
This feature enables charity staff and volunteers to use their own vehicles without the risk of loosing their no claims discount or the need to pay their excess in event of an incident.
Property at Fundraising and Catering Events up to £5,000
Provides up to £5,000 cover for property that needs to be taken away from the charity’s premises.
Resilient Repairs up to £50,000 for any one claim
Where premises suffer damage, rather than simply replace like for like, the insurer will pay to help reduce the impact of similar future losses. This might be such things as creating water resistant kitchens to moving the fuse box and other electrics. The aim being to reduce the risk of reoccurring problems and the negative impact on the charity’s funds.
Both Buildings and Contents Items are uplifted by £500,000 or 20% whichever is the lower
Here the insurer is looking to help tackle the problem of underinsurance, so that in the event of a claim, full remuneration can be paid.
Death or Adverse Publicity of a Patron
Should a Patron die, be accused or charged with any criminal act/offence, or be the subject of adverse publicity, this policy will pay a resulting shortfall in revenue up to £25,000.
Our insurance experts can offer help and advice to management and trustees on every aspect of their insurance, including potential risks, accident prevention and legal obligations. Charities can rely on Flint for ongoing advice about their insurance, as well as support in the event of a claim.
The above is a particular policy from a large, well established UK insurer and is one of many underwriters that Flint works with. Insurance from Flint means you get a choice of quality insurers with various policies selected via our recommendation and depending on your needs. Using an experienced insurance broker does not mean higher premiums and should save you time and therefore money.
To speak to one of our account executives call Flint on 0208 309 5000.