What are the top five insurance mistakes that charities should avoid when navigating the complexities of specialist charity commercial insurance? This article delves into why insurance is crucial for safeguarding a charities assets, employees, and operations, and highlights the common mistakes that can leave a charity exposed. https://lnkd.in/eFXU8QM7 Gallagher UK #InsuranceUK #CharityInsurance #ThirdSector
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When reviewing the Charity Commission’s insurance guidance, trustees should pay close attention to two key terms: ‘must’ and ‘should’." - advice from Zurich Insurance. Charities play a vital role in society and it is crucial that they have the appropriate insurance coverage. One of the Charity Commission’s responsibilities is to offer guidance when determining the appropriate insurance for their charity. Read whether insurance is necessary to manage those risks:??? below ?? #GainingMomentum #InsuranceInsights #CharitiesInsurance
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Our partners WRS Insurance Brokers are experts in charity insurance. What better time than on #DayOfCharity to read '5 things you need to know about charity insurance' and learn how tailored insurance protects community transport charities from risk. https://ow.ly/KuMb50Tgban #CommunityTransport #Charity #UKCharity
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I've had many questions about the impact of the budget ?? on charities. My summary is: middling or negative impact, depending on who you are or how much salaries make up expenditure. ?? The fact is that open letters like this from ACEVO and NCVO shows the strength of feeling on the increases to employers national insurance. ?? It's going to hurt. Remember, this is alongside a 6.7% increase in the national minimum wage too. No one is complaining about that, but it's another cost that will be hard to account for depending on funding cycles. Charities can't simply increase prices to absorb it. ?? Those are short term challenges, but if predictions that the increases in NI is passed on to workers over time is coupled with the higher capital gains tax, the natural assumption here is lower donation in the medium term, but we'll see about that. ?? However, there is some good stuff ? - Spending on social housing is getting a £500m top up. ?? - Social Care is getting a much needed £1.3bn boost to grant funding. ?? - A 6% real increase in school SEND services is much needed to start plugging the gap to demand. ???? - £30m for school breakfast clubs is good, though there's still questions over what that actually looks like and who delivers it. ?? I don't feel any of these solve the problems they are addressing, but at least it's a step forward. What do you think?
Open letter to the chancellor on the impact of increased employer National Insurance Contributions for charities: sign NCVO and ACEVO’s open letter to the chancellor calling for urgent action on the planned increase to employer National Insurance Contributions (NICs) for the voluntary sector. https://lnkd.in/exqrim58
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Totally agree with @DrSarahHughes on this. We think that a better starting point is https://lnkd.in/eVAXmVg2 We get the 22,000,000 people sat at home doing nothing but watching the world go by... [hi, world by the way]. And we triage the hell out of them at lighting speed: - Medical triage if it's a medical issue - Mental health triage if it's a confidence/coaching/mentoring issue - Business triage if it's a start-up - Recruitment triage if the person needs help with preparing a CV If we can get 5m to 10m of them back into the productive economy, I don't know then maybe employers might get a reprieve. I'll start: I will take the pledge to get my business up and running and earning cash for UK PLC by Jan 1. That's 1, just 21,999,999 to go. You're welcome! Jonathan Brayshaw CEO Digital Dream Factory Ltd PS - I'm really quite fed up of being told £1200 is a lot of money a month when I used to earn £150k pa.
Open letter to the chancellor on the impact of increased employer National Insurance Contributions for charities: sign NCVO and ACEVO’s open letter to the chancellor calling for urgent action on the planned increase to employer National Insurance Contributions (NICs) for the voluntary sector. https://lnkd.in/exqrim58
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The charitable arm of health and social care don't know where to turn to meet yet another hike in costs. We are unable to put up our prices or invest in technology that create efficiencies....our 'product' is our people and they play a vital role in protecting the most vulnerable in our society. The implications of the Autumn Budget and the Employment Rights Bill for charities like Alternative Futures Group are huge. We have spent years subsidising the shortfall in funding. We have been doing all we can to play our part in protecting high quality support for vulnerable people with learning disabilities and mental health conditions, but the sector needs action now to secure its future. The social care workforce is 1.6m people and the NHS workforce is 1.4m people. In the budget The Chancellor announced a £22.6bn increase in NHS funding to cover "day-to-day" running costs and social care received £600m in grant funding. Social Care continues to be a secondary concern and those with a disability are at the bottom of that list too. Please support AFG and other charities by signing this open letter to The Chancellor.
Open letter to the chancellor on the impact of increased employer National Insurance Contributions for charities: sign NCVO and ACEVO’s open letter to the chancellor calling for urgent action on the planned increase to employer National Insurance Contributions (NICs) for the voluntary sector. https://lnkd.in/exqrim58
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I have signed this letter this morning on behalf of the Mind Federation. This is one of those times when the policy might be right but the context isn’t. I want tax equality and I want us to generate money for public services. We have been advocating for this for years and desperately so during austerity. But, the policy around the increase in NI contributions for employers doesn’t count for the fact that in health and care most providers are already propping up the system. Local Minds across England and Wales are subsiding their services. Why, because NHS and Local Authority contracts are rarely reflective of the true cost of delivery. We already know that hourly rates never fulfill the complete employment costs required. If all things were equal, and that the funding at source was fair and at full cost recovery this wouldn’t be an issue. We could trust contracts would be built with these incremental costs in mind. Commissioning and procurement is mostly dictated by price, combined with this additional cost will drive down quality, increase competition, reduce third sector providers and increase private sector. This feels very bleak! So, it is with a heavy heart that we as a sector ask for a reconsideration and make a desperate plea to fund health and care properly so that it is not consistently at threat.
Open letter to the chancellor on the impact of increased employer National Insurance Contributions for charities: sign NCVO and ACEVO’s open letter to the chancellor calling for urgent action on the planned increase to employer National Insurance Contributions (NICs) for the voluntary sector. https://lnkd.in/exqrim58
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In total agreement. The 3rd sector is increasing having to paper over the cracks in statutory services.We will need exemptions as grants and our income streams are declining or frozen, cost and expectation of service rising.
Open letter to the chancellor on the impact of increased employer National Insurance Contributions for charities: sign NCVO and ACEVO’s open letter to the chancellor calling for urgent action on the planned increase to employer National Insurance Contributions (NICs) for the voluntary sector. https://lnkd.in/exqrim58
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What are the core values of Ansvar, and what can our Brokers expect from us? David Eccles, our Head of Distribution,?provides his insights. Protecting communities. Insuring their future. #charityinsurance #notforprofitinsurance #givingback #charity #notforprofit #insurance
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I have just signed this open letter to the Chancellor, and I urge all leaders of charities and voluntary organisations to do the same. Charities are increasingly struggling to make ends meet. Many have had to reduce services, make job cuts, or even close their doors entirely. At the same time, the expectation from central and local government seems to be that we will continue to take on the heavy burden of providing essential, and often life saving services to vulnerable people, because statutory services are no longer able to do so. It seems incomprehensible, therefore, that the government, would further increase the financial pressure on charities by failing to include an exemption to the increase in employers NIC, as they have done for public sector organisations. This short-sighted approach is going to cost even a smaller charity such as Trauma Breakthrough many thousands of pounds per year, and medium to large charities are facing five and six figure increases to their wage bills. This is something we simply cannot afford. It means that more charities will go under and many more will have to reduce or close services. The government has proclaimed loudly that it wants to form a new covenant with 'civil society'. These are fine words, but the government needs to understand that unless it makes immediate practical changes to its policies, the voluntary and charity organisations that make up civil society may not be around long enough to participate.
Open letter to the chancellor on the impact of increased employer National Insurance Contributions for charities: sign NCVO and ACEVO’s open letter to the chancellor calling for urgent action on the planned increase to employer National Insurance Contributions (NICs) for the voluntary sector. https://lnkd.in/exqrim58
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