Charities & Not for Profit

CHARITIES, CLUBS, SOCIAL ENTERPRISES AND OTHER NOT FOR PROFIT ORGANISATIONS

It is believed there are over 870,000 'civil society' organisations in total, including some 190,000 registered charities. 50% of these charities are 'micro charities' with income below £10,000. A further 30% are smaller charities with income between £10,000 and £100,000. 62,000 organisations are classed as Social Enterprises and a massive 600,000 are informal community organisations.

The insurance needs of Charities, Clubs, Societies, Associations, Social Enterprises and other Not for Profit organisations are in many ways no different from profit-making businesses, and often can be more extensive.

Rowlands & Hames can help, with access to the ten or more insurers currently with specific charity/not for profit products. From simple office/retail packagest to more extensive combined solutions, each policy can be tailored to suit an organisations' and its governors'/trustees'/members' needs, examples being:

• include volunteers, governors, trustees etc within definition of employee
• amending basis of settlement for second-haned and donated stock, including protecting income if unable to replace (often necessary where an organisation has a charity shop)
• extending business interruption cover loss of income following loss of a patron
• automatic contingent cover for property bequeathed to a charity in a will
• legal expenses cover extended to include enquiries made by the Charities Commission
• contents and stock at fundraising events and where organisations are providing catering
• raffle prizes and donated goods used for fundraising in the UK
• collecting boxes/tins in the UK; premises and safe limits doubled for fundraising events
• many events and activities automatically permitted
• charity trustee or management liability
• professional indemnity

Organisations' Responsibilities

• As an employer
• Duties to third parties
• Protection of assets
• Protection of legal liabilities

Organisations' Risk Management

• Health & Safety policy
• Risk Assessments
• Training

Specific Risk Areas

• Business Continuity
• Cash from fundraising activities
• Building maintenance
• Motor vehicles
• Computers/Laptops
• Child and vulnerable groups protection best practice checklist
• Slips and trips
• Supply of goods and services
• Organised Events

Policy Covers available

• Property Damage / Theft / Glass
• Computers
• Money & Assault
• Goods in Transit
• Engineering
• Employee Dishonesty
• Terrorism
• Business Interruption
• Loss of Licence
• Employers' Liability
• Public & Products Liability
• Legal Expenses
• Professional Indemnity
• Charity Trustees or Not for Profit Organisation's Management Liability
• Personal Accident
• Business Travel

Review and Quotations

Rowlands & Hames Insurance Brokers would be pelased to undertake a comprehensive review of your current arrangements and make appropriate recommendations.

To discuss your requirements and seek a quotation, speak to Trevor Taylor Dip CII on 01253 598955 or email trevor@rowlands-hames.co.uk