All over the UK people are changing the way they do business.
Many companies and individuals wait months for banks to respond for financial assistance. And when it comes it’s usually to say “no”!
Community Interest Companies (CICs) and Social Enterprises have risen exponentially over the last few years and with along with charities, account for around £150billion in the Third Sector.
Through the Public Services Act and Localism Act, many companies have formed Social Impact Bonds where public sector commissioners pay for significant improvements in social outcomes. CICs tend to work for the benefit of the community and do this by distributing profits to local groups and charities etc. All these companies need public liability insurance and some companies offering advice will probably also need professional indemnity insurance cover.
SIS now offer social enterprise insurance and can offer advice and arrange cover for any Social Enterprise & CIC looking for professional indemnity, public and employers liability insurance, particularly those focusing on reducing re offending.
If you are interested in obtaining social enterprise insurance, contact SIS today by calling 0161 969 6040 or by emailing us using our contact form.