All types of organisation need to consider and manage risk. The term “third sector” is generally used to describe organisations which are not profit making. When and organisations interest is public welfare or economic well-being finding the right insurance can sometimes be a challenge.
Third sector can be broken down into specific areas:
Faith
When the property is a place of worship and its contents hold unique value.
Charity
When the employees can be volunteers, the board members are trustees and the organisation have the interest of others at heart.
Social Enterprise and Community Interest Companies (CIC’s)
When the organisation exists to tackle local problems, improve peoples’ life chances, support communities and help the environment.
Not for Profit, Clubs and Community Associations
When the property could be a village hall and the business includes children’s play groups, third party hire and not for profit activity.
For more detailed information about what third sector insurance can include, contact Tony Gibbs on 0118 9165 485 or complete one of our enquiry forms.
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