Whether your Development Trust is long established or just in its infancy, you need to ensure that you have the right insurance cover in place. As one of the leading insurance brokers in the UK for the third sector and as an Associate Member of Development Trust Association Scotland, we are well-positioned to help your Development Trust with its insurance and risk management needs.
What Insurances do Development Trusts need?
As a Development Trust, the cover you need will very much depend on what your Trust does and may include: Public/Products Liability, All Risks cover for loss or damage to assets, Business Interruption (Loss of Income) and Cyber. There are statutory covers too that you may require: Employers Liability including cover for any voluntary workers; Third Party Motor Vehicle insurance and inspection of certain items of plant and equipment where you own such assets or have responsibility for inspections within the terms of your lease.
Our role is to advise and help you with your cover needs and, as an independent insurance broker, we can source the most appropriate policy to meet those needs at a competitive premium.
How much will insurance cost?
There are many factors which affect the cost of insurance from the assets which you own or are responsible for and the range of activities/services that you operate. Whilst cost is an important factor when arranging insurance, it is vital to ensure that your organisation has the appropriate cover in place.
We have created the Encompass Guide to Insurance for the members of your team who have the responsibility for arranging your Organisation’s Insurances. For an explanation of the various covers available, please follow the link to go to the Encompass Guide to Insurance.
We would strongly recommend that your Trust seeks advice on its insurance needs and uses insurance as part of its overall risk management programme. We would also recommend that your Trust has a business continuity plan in place, which we can advise you on developing.
For further information and advice about Insurance for your Development Trust or to get a quote, please call us on: