As with all ‘not for profit’ organisations, the considerations for insurance can seem quite daunting, and possibly expensive when you are looking to keep costs down to a minimum.
There are certain insurance covers that you really should be looking to arrange, and others that you may consider advisable, but possibly need to know where the risk lies and the costs involved in providing the insurance cover.
At IFM select we are always happy to discuss your insurance arrangements with you and can talk through the various cover you may need to consider, including;
- Liability insurance
- Property damage
- Business interruption
- Professional Indemnity
- Fidelity guarantee
- Cyber risks
In addition, you may need to consider the volunteers who may work with you, and whether other covers such as Trustee Indemnity and care and treatment risks would be appropriate.
Do you need risk management support or just need to talk through with someone exactly what insurance cover you need.
As someone who is a retired Chartered Insurance Practitioner, I have had thirty five years experience in dealing with my colleagues in the insurance profession. IFM Insurance Brokers is among the best organisation it has been my pleasure to work with. As an honorary treasurer of a Museum I find their service is excellent, the staff very friendly and they provide just the cover we need. Indeed, I have just recommended IFM to a museum which is just starting up.
Treasurer - Not for profit Aircraft Museum