oval charity insurance brochure

8/13/2019 Oval Charity Insurance Brochure

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Oval Charities

Protecting thesupport you give

Insight. Service. Performance.


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Specialist risk and insurancesolutions for the charity sector

Charities, voluntary bodies and Non GovernmentalOrganisations (NGOs) account for 2.7% of the UKsworkforce1 nearly 765,000 people across around 164,000

organisations.2The Direct Charitable Expenditure Ratio setby the Charity Commission leaves only 20p in every 1donated to spend on non-charitable purposes that means

your insurance protection must be intelligent, flexible andabove all, cost-effective and competitive.

Extra pressure of economic uncertainty on fund-raising andgrant availability only makes your job harder. The insurancesolution must be able to deliver peace of mind without

compromising your funding, your power to fund-raise

and your ability to act whether it be for overseas aid,preserving our natural environment, supporting medical

research, delivering care or working in the community.

As a charity trustee or member of the senior management

team, youll recognise the operational issues that the thirdsector faces. There has been a decrease of 5,000 organisationsfrom the Charity Commission Register since 2007.3Natural

merger, consolidation, acquisition and transfer of funds are justsome of the reasons. The economic climate has hit donationincome as the public tighten their belts and some fundraising

events have experienced reduced support. Investment incomeis falling as companies find it more difficult to maintain

dividends. Taxpayer grants or government contracts for thedelivery of public services face increased scrutiny.

And yet despite the tough times, there are many new local

authority and health service contract prospects emergingfor many charities while others are exploring new revenuestreams. Optimising your insurance overhead puts you in a

better position to capitalise on these new opportunities.

Thats why its important you make the right moves to

protect your charity, adapt to change and optimise costs.Thats why choosing the right insurance broking partner,with the right skills and the right experience is important to

ensure youre able to achieve your aims.

Welcome to Oval Charities: insurance thatcares for you while you care for others

As one of the UKs leading insurance brokers, we have thepractical and intellectual expertise that has made us theinsurance partner of choice for some of the UKs leading

charitable and not-for-profit organisations as well asInternational Non Governmental Organisations (iNGOs).This enables us to provide charity-specific risk and insurance

solutions ready to tackle the challenges you face in acomplex and changing voluntary landscape.

At a time of unparalleled pressure, its good to know you can turn to an experienced insurancespecialist who is able to protect the support you work so hard to provide.

Our active involvement with organisations like theCharity Finance Directors Group(CFDG) and Instituteof Risk Managements Charities Specialist InterestGroup plus our existing charity clients enables usto help arrange your risk and insurance programme sothat you can:

Manage but not over-restrict fund-raising Capitalise on online and social media for awareness

and fund-raising Risk-manage third party contracts to reduce your

financial burden

Comply with the Statement of Recommended

Practice (SORP) and Charity Commission guidelinesfor risk management

Operate shops and local enterprises to maintain yourbrand, public awareness and recognition

Develop your approach to volunteer management

through training Align your insurance cover in harmony with your key

commercial risks

1-2 Labour Force Survey 2010. 3 Charity Commission, 2013


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Putting your needs at the heart ofeverything we do

Youll find all the specialist risk management solutionsand services you need to help keep your charity fit for the

future under a single roof and with a specialist team.Our approach is geared around a strong service ethic andfocused on six key risk management values that your

sector demands.

A safe pair of hands:A partner you can trust, backedby experience and a proven track record

Innovations that drive value for money:We aredeveloping new products with the insurance market toaddress the emerging risks that the sector faces for

instance Data Loss and Cyber Protection Emerging risk identification:We are subscribers to the

CFDG and are passionately proactive about helping you

protect your assets and minimise liabilities in achanging landscape

Fast, expert problem solving:Were proud of ourreputation and we are committed to providing a quickresponse that makes the most of our wider risk andinsurance expertise

Client benchmarking that drives best practice:Working with a diverse range of charitable and not-for-profit organisations, we analyse the trends and the limits

purchased (such as how many charities of what size buysay 10m Public Liability insurance versus how many onlybuy 5m) and share our learning

Competitively priced services and deals:Our leanbusiness model keeps our structure flat and overheads

down, enabling us to pass premium savings directlyonto you


Oval is in the vanguard of the charity insurance sector. Weare respected, lead-participants across a wide range ofstakeholders in the sector to help drive best practice and

innovation. Above all, we invest in our people.

We have drawn together experienced, high calibre

professionals who blend the advisory, actuarial,administration, technical and listening skills essential todelivering the exceptional levels of insight, service, continuity,

agility and pitch-perfect performance you demand.

Importantly, we keep workloads manageable so our people

have the time and scope to stay close to your needs,develop real relationships and deliver the high servicestandards and innovation you expect: our outstanding

client retention rate speaks for itself.

Our charity clients

We have many years of experience working in your sectorand our charity, voluntary and NGO clients include:

Aid charities Animal charities Charities that work with the elderly

Childrens charities Disability charities International NGOs

Medical charities

Preservation charities

www.theovalgroup.com


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Oval Insurance Broking LimitedRegistered Office:9 South Parade,

Wakefield, WF1 1LR

Registered in England No: 01195184

Authorised and regulated by theFinancial Conduct Authority.

www.theovalgroup.com


About Oval Insurance Broking

With offices across the UK, Oval Insurance Broking (Oval) isthe specialist insurance and advisory partner of choice forthousands of organisations and individuals across a range of

disciplines and industry sectors.

From general insurance to sector-specific requirements, the

strength of Oval lies in designing bespoke, dynamic andcompetitive risk solutions that fit your needs. Our insuranceand risk specialists take the time to understand those needs,

simplifying risk to deliver a consistently innovative, highstandard and high performance service that adds value,capability, agility and a competitive edge to your business.

For more information, visit us at www.theovalgroup.com

Would you like to talk?

If you have any questions or would like to explore how you

can make your insurance work harder for your organisation,were here to help.

Call: 0800 612 6223

Or email: [email protected]

oval charity insurance brochure

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