Insurance comparison websites can dress it up all the want to begin with we look at some top tips when buying small charity insurance policies let us be totally honest and up front about insurance cover. Insurance is not fun, insurance is not sexy and for the majority of people and businesses, insurance is something they only definitely see the importance of when they have suffered a loss and wish to make a claim.
The truth however is that insurance and insurance protection for small charities is essential as it gives them the comfort of knowing that they are firstly, lawful and secondly, safeguard in the event of a loss or accident occurring. Without the accurate level of cover in place, a loss could otherwise get away from a small charity in a position whereby they simply would not be able to proceed their sterling work.
What is clear is that many small African Charities have extremely small budgets and expenses including charity liability insurance have to be kept to an absolute lowest. With this thought in mind, it would be very easy for charity foreclosure auctions or managers to assume that the cheapest insurance premium is the foremost. If you are responsible for the purchase of small charity insurance then first tip when it comes to buying your policy is not to help assume that the cheapest premium is best. It can be but make sure your invest in decision is based on much more than price.
What you really need to ensure that is that the policy you are purchasing is giving your little charity the protection it actually needs. You can actually be certain this is the case by tracking down a small charity insurance skilled and ask them questions. Ask them if they think you need trustee indemnity insurance, ask them what level of public liability insurance they presume you need and ask them what steps you could take to lower premiums. The second essential tip is therefore to ask issues.
The final tip when buying small charity insurance is to make sure that the company you are the right company for you. By asking these individuals questions you will be able to check how knowledgeable they are but more in comparison with that, do you like them, do you feel confident in what they are telling, are they well established and do they have a good credit rating?
Insurance to get small charities is vital to make sure you, your volunteers, your personal trustees and your organisation is protection. Following these necessary tips and make sure the road to buying small charity insurance is often a smooth one.
This article was written by Mark Burdett, Advertising and marketing Director of NCi Charity, the Social Welfare Insurance coverage division of Northern Counties Insurance Brokers. Mark has through 20 years Marketing experience in the Financial Services industry and has now worked on campaigns for companies including Norwich Union, Kia and Zurich.
Now based in Newcastle upon Tyne Symbol is Marketing Director for one of the UK’s Leading Small business Insurance Brokers – Northern Counties Insurance Brokers.