SALUS FOR CHARITY

Insurance protection is a fundamental purchase for any organisation. The essence of insurance is a simple means by which you are able to transfer risk to an insurance company that you cannot live with, in return for paying an annual premium.

It’s not just insurance

This is absolutely not the case. The charity sector has its own unique exposures and as a consequence the selection of your insurance provider needs to be made carefully to reflect:

  • Does the insurer have a specialist knowledge of charities?
  • Do they have a specifically designed insurance product for your charity?
  • What is their track record in the sector in terms of history, performance and consistency of pricing?
  • How strong is their financial rating which in turn will reflect on their ability to pay claims quickly and fairly?

It is therefore imperative that whilst cost is always an important consideration you balance this with these elements. That’s why we have partnered with QBE Europe one of the World’s top 20 insurers and reinsurers, specialists in the Charity Sector, to deliver a unique and bespoke wording just for charities. Created uniquely for Salus Risk Solutions and Hettle Andrews.

Good risk management is a fundamental, it is more often than not either a statutory, regulatory or governance requirement and therefore cannot be avoided. A well ordered risk management programme gives rise to a greater likelihood of business continuity and sustainable insurance costs. However, there is a historic problem in so far as most charities buy a range of service from various providers away from their insurance arrangements and rarely do insurers play an active role in the process, there is therefore a disconnect in the cycle. The consequence is:

  • Insurers don’t see the standards of risk management practice.
  • They therefore don’t reward good practice.
  • They do not contribute to the cost of the services you buy despite benefiting indirectly through reduced claims cost and therefore more profit.
  • Your statutory duty in relation to disclosure to your insurers is more challenging for you.
  • Fragmented risk services and the insurance purchase is far less economical.

SALUS Risk Solutions – A fully integrated solution

Following extensive research into the fundamental link between risk and insurance Hettle Andrews have developed a ground breaking new approach just for small charities, paying less than £25,000 – Salus Risk Solutions. Our fully integrated approach is changing the way small charities think about their approach to risk and insurance.

Here’s how it works:

The benefits of Salus Risk Solutions are:

  • You have access to a risk consultant and chartered insurance broker who is a genuine specialist in your sector with a proven track record of innovative solutions – traditionally this has only been available to large Charities through major brokers.
  • You have a carefully selected insurer  – QBE Europe – who have passed our rigorous due diligence of having:
    • A track record of sustainable premium levels.
    • Able to provide the best of breed insurance protection.
    • Actively engage in your risk management programme through contribution to the cost and reward successful outcome of your commitment.
    • You insurance is underwritten by a specialist within Hettle Andrews with delegated authority to transact business on behalf of QBE – enabling us to provide instant contract certain quotations and efficient documentation issue

You will also have free access to our Client Hub containing a broad range of resources, tools and information.

SALUS RISK Solutions – the specialist integrated solutions suitable for all types of small charities.

Click here to contact Andy Bate to arrange a free risk review

Salus Risk Solutions is an authorised trading name of Hettle Andrews & Associates Ltd