How to find low cost Charity Insurance

If you run, manage or are responsible for a charities budget you’ll know more than most just how important every penny is. And if your job is also to make sure your Charity gets the very best deal on your Charity Insurance then these tips from the UK Social Welfare Insurance Broker could be just what you need.

To start with it’s important to remember that all types of charity, voluntary and not-for-profit organization could be saving money on their charity insurance and liability insurance premiums. From registered charities employing hundreds of staff to community and voluntary groups on a much smaller scale help could now be at hand.

And regardless of your organizations size and budgets if you follow these simple but highly effective tips the amount you pay for your Charity Insurance could be less than ever before. All without having to sacrifice coverage, excess and service.

The first tip when looking for Charity Insurance is therefore to use an insurance provider who actually understands your needs. It’s all very well buying a one size fits all insurance policy but does it actually give you the cover you need? Ultimately that is what your charity or organization actually needs so make sure you use a company or insurance broker who understands what you need, can offer you advice and guidance aimed at reducing your exposure to risk and who has the facilities to tailor a policy to your specific needs and in the process can reduce your premiums.

And if using a Charity Insurance expert is most likely to bring about you getting the right insurance cover for your charity for less, how can you find these so called Charity Insurance experts?

Well the internet has certainly made this job easier as a simple search using a search engine is likely to yield a list of experts in all types of insurance. However a company saying they are experts for charity insurance is no guarantee that they actually are! Therefore it’s probably best to pick up the phone and actually ask them a few questions. That’s right, ask questions rather than just wait for them to ask you. This way you can find out what makes them experts and how you can benefit from using them. Ask things such as, who do they use? How long have they been providing charity insurance? What experience do they have? Do this and your chances of finding the right charity insurance for your organization is likely to increase – and whilst your insurance premiums don’t!

Another tip which could help you save money on your charity insurance is one which at first sight may not seem right but give it a go and there’s every chance it will work. Tip number 2 when it comes to finding low cost charity insurance is therefore to be totally honest when you are asked what you are paying for your insurance at the moment. Most people when asked such a question by an insurance company or insurance broker won’t tell them. They think that by doing so they are somehow unlikely to get the best quote in return. The truth is you are far more likely to get the best quote if the company has a price to beat. That doesn’t mean that you should make up a price as if the price you give is too low there’s every chance the insurance provider will know this and in many cases won’t be able to beat it – or indeed quote.

If you follow these 2 simply but highly effective tips there is every chance the price you pay for your charity insurance will reduce. Give it a go and see if it works.

How to find low cost Charity Insurance has been produced by Mark Burdett, Marketing Manager of Northern Counties Insurance Brokers – The UK Social Welfare Insurance Brokers and Charity Insurance Experts. For further information on Charity Insurance visit www.northerncounties.com/charity-insurance.php