Charitable Organisation require a selection of insurance products to cater for their requirements ranging from Property cover to Executive Protection. Organisation vary and in particular any charity that is involved in overseas work should give serious consideration to more unusual risk, for example Kidnap and Ransom.
Typically Charities rely on an "Office" style insurance product which will invariably give some protection for Employees but may not extend to cover manual work or indeed work outside Ireland. It is important to assess exactly the exposure and the insurance needed for each operation.
Typically a Charity may require cover for the following:
Property Including Buildings, Fixtures & Fittings, Contents, Stock, Computers and Tenants Improvements
As an Employer you may be held liable for an injury to an employee. Cover for this eventuality is usually included for a limit up to € 13,000,000
When Insurers are calculating the premium to be charged they apply a rate on employee’s wages. It is important to split your employee’s into categories if possible as the rates vary. For example the rate for a Clerical employee would be lower than for a Manual employee.
Public Liability protects you in the event of a claim from a member of the public whether it is in injury, property damage and associated financial loss. Generally the limit covered is € 1,300,000, € 2,600,000 or € 6,500,000 however higher limits are of course available.
Protection in the event that your client suffers financial loss, as a result of alleged neglect, omission or error given by you.
Directors & Officers
Protection for your firm's Directors and Officers for costs resulting from lawsuits arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.
Employment Practice Liability (EPL)
Covering issues like sexual harassment, bullying, discrimination or other similar employment related issues.
Misappropriation of money or goods by dishonesty or fraud by an employee
Covers legal expenses in defending an action brought by a customer or employee
Pension Trustee Liability
Affords protection to company pension scheme Trustees against claims for mismanagement of their obligations and/or performance of their duties.
Other covers which should be considered are:
Kidnap & Ransom, Charities Liability, Travel, Personal Accident, Marine
InsurePlus is a regulated and independent insurance broker providing honest insurance advice and quality products for our clients in the business sector. We have earned a first class reputation for our professional approach and excellence.
Our Staff, who have over 40 years combined insurance experience, are focussed on delivering insurance cover, for people in business, which is competitively priced supported by an unbeatable and friendly service.
What do we do for you?
First, we listen to what you need.
Then, we provide a comprehensive search of the insurance market to ensure you get quality cover at an affordable price.
Throughout the year, we support you with our knowledge, advice and day-to-day service.
Ultimately, if you have a claim we handle the paperwork and give you the best advice which is necessary to organise settlement.