Our understanding of the social enterprise insurance market is second to none. We focus our entire business on both individuals struggling to obtain insurance cover (such as ex-offenders) and the social enterprises and community interest companies (CIC’s) helping them.
We already have a good understanding of the needs of the many diverse communities in the UK and are considered expert in this area of insurance.
If you are looking for social enterprise insurance cover, call us on 0161 969 6040 or click the quote button below.
Get A Quote
What Type Of Insurance Do I Need?
There are several types of insurance policy offered to social enterprises and CICs. Understanding the type of insurance cover you need to protect your social enterprise or CIC is essential.
Employers Liability Insurance
If you have employees in your organisation, you will need employers liability insurance (£10million as standard). Volunteers are classed by law as employees so they will also need to be included in your policy.
Public Liability Insurance
If your organisation deals with the general public, you will need public liability insurance to protect against injury or property damage. Cover ranges from £1m to £5million, although a limit of £10million may be required if your organisation is situated within a shopping centre or local authority premises.
Professional Indemnity Insurance
If your organisation gives advice to customers or clients, we would recommend taking out professional indemnity insurance cover. This is not compulsory, but is essential should a client or customer suffer financial loss due to inadequate advice provided by your organisation. The insurance will cover any legal costs and expenses incurred.
Trustee Indemnity Insurance
Your Trustees will require indemnity insurance to protect them from allegations made against them for mismanagement or misadministration. Cover typically ranges from £250K to £2million.
If you are unsure about the type of cover you will need, contact us today on 0161 969 6040 and we will be able to help.
Social Enterprise Insurance Experts
We see many social entrepreneurs in both profit and non-profit enterprises structured to help improve the welfare of individuals and communities alike. SIS has synergies with these groups and has a very good understanding of their business needs and all aspects of social enterprise insurance & CIC insurance. We provide practical advice on legal issues and regulatory requirements.
We would like to offer our fellow members of SEUK, and any other community insurance company or social enterprise, free advice and information on any insurance aspect and will be happy to assess the needs of any organisation/company/individual and provide social enterprise insurance cover where required.
More About Social Enterprise Insurance and Community Interest Company (CIC) Insurance
A Social Enterprise is a business whose primary objective is to solve social or environmental problems rather than make money for shareholders. Social enterprises are not just charities, they can be either non-profit, or for-profit companies and operate in a variety of industries such as retail, recycling, education, health and social care.
You could call them businesses with a conscience!
Social enterprise companies include charities, co-operatives and community interest companies such as the Big Issue, The Eden Project and Jamie Oliver’s restaurant Fifteen There are currently approximately 70,000 social enterprises in Britain. It’s not just about giving money to a charitable cause, it’s about creating a company which continues to give to society. In a recent survey carried out by Social Enterprise UK, almost half of the respondents claimed that their reason for setting up a social enterprise was to give back to the community.
No matter what the primary objective, social enterprises are businesses and businesses need insurance. There are many types of insurance which social enterprises or CICs may need such as liability insurance, indemnity insurance, or buildings and contents insurance. Here at SIS we specialise in social enterprise insurance and have an excellent understanding of what a social enterprise would need.
For members of SEUK, community insurance companies or social enterprises, we offer free advice on regulatory requirements and legal issues.
If you are interested in social enterprise insurance, or just need some expert guidance, contact SIS today using our online form, or call 0161 969 6040. We can help.
Insurance for Ex-Offenders & EFFRR
SIS are members of the EFFRR (The Employers' Forum for Reducing Re-offending). The EFFRR is a group of employers, both local and national, who provide job opportunities for ex-offenders.
SIS are experts in providing insurance for ex-offenders and ex-bankrupts. We believe your past should not necessarily be a guide to your future. If you have been refused insurance due to a criminal record or previous bankruptcy, then call SIS today on 0161 969 6040.
Please note that if you are taking a commission or charge for advice you will probably need Professional Indemnity Insurance cover. This is in addition to Public & Employers Liability Insurance. For more information on public and employers liability insurance, please visit our Liability Insurance FAQ Section. If you are unsure about the different types of sub contractors and how they are categorised by insurance companies, please read our Definition of Sub Contractors.