New insurance guide for the voluntary sector launched
14th May 2014
A guide to insurance for individuals and organisations has been produced jointly by the British Insurance Brokers’ Association (BIBA) and the Volunteer Liaison Group. The guide explains the risks that individuals and the sector may be vulnerable to and provides information on how to reduce these risks along with the insurance protection available.
The guide allows individuals, constituted organisations and charities to take a fully informed approach to the risks. It covers three clear sections: Insurance required by law; insurance for individuals who volunteer or act as a trustee; and insurance for the charity and community sector.
Graeme Trudgill, BIBA’s Executive Director, said: “This guide will not only be helpful to those in the voluntary sector to understand the insurance available but may save them money by identifying where existing insurance already provides cover. Ultimately it will allow them to focus on their volunteering and good causes with peace of mind, whether they are helping support a charity or simply cutting a neighbour’s garden hedge.”
David Tyler, Chair of the Voluntary Sector Insurance Working Group, said: “The Voluntary Sector Insurance Working Group has produced two enormously helpful guides for the sector. The guide to insurance products produced by industry colleagues will help organisations to pinpoint exactly the types of cover available for all aspects of their work. Together with the Trustee Liability Guide, these documents will, for the first time give trustees, volunteers and organisations a comprehensive picture of the risks they face and the best ways to mitigate them.”
Malcolm Tarling, Chief Press Officer at the ABI, said: “Volunteers do much good work in our communities. By helping individual volunteers, voluntary groups and charities identify and reduce potential risks, and by providing insurance protection, the insurance industry is playing an important role in encouraging a healthy vibrant voluntary sector. As well as helping volunteers, we have also produced a guide to help trustees of charities identify and manage their potential liabilities associated with their role.”
The new guide is available on the BIBA website, please click here.
The guide has been produced in conjunction with the Volunteer Liaison Group. This group includes the Money Advice Service, the Association of British Insurers (ABI), Community Matters, The National Council for Voluntary Youth Services (NCVYS), The National Council for Volunteering England and the British Insurance Brokers’ Association (BIBA).
Notes to editors
1. For further information please contact:
BIBA press office:
Leighann Forsyth, Head of Communications
07917 738 721
2. About British Insurance Brokers' Association
The British Insurance Brokers' Association (BIBA) is the UK's leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes just under 2,000 regulated firms having merged with the Institute of Insurance Brokers (IIB) in November 2011.
General insurance brokers contribute 1% of GDP to the UK economy and BIBA brokers employ more than 100,000 staff.
53% of all general insurance is sold by an insurance broker and they arrange 81% of all commercial insurance business.
Insurance brokers put the client’s interests first, providing advice, access to suitable insurance protection and risk management.
BIBA helps more than 400,000 people a year to access insurance protection through it’s Find a Broker service, both online and via the telephone.
BIBA is the voice of the industry advising members, the regulators, consumer bodies and other stakeholders on key insurance issues. BIBA provides unique schemes and facilities, technical advice, guidance on regulation and business support and is helping to raise, and maintain, industry standards.