The third sector encompasses a wide range of organisations, from village halls and community centres to support services and community-led enterprises. With activities and insurance requirements varying considerably between organisations, brokers need access to insurance solutions that can accommodate a broad range of risks.
Our Third Sector, Communities & Not for Profit insurance product continues to provide brokers with a competitive solution for these organisations, supported by flexible underwriting and responsive service.
Following a product review including the reduction of minimum premiums a couple of months ago, we’ve seen:
These results highlight the strength of our offering and our continued focus on providing competitive terms for community and not-for-profit organisations. Our experienced underwriters work closely with brokers to understand individual risks, respond to enquiries and find solutions that reflect their clients’ needs.
Here are three recent examples of how we’ve helped brokers with their clients’ insurance needs, demonstrating the value of specialist underwriting expertise, flexibility and responsive service.
Finding a Flexible Solution for a Village Hall
Having insured this organisation for several years, we lost the business last year. However, when renewal came around, the broker approached us for a fresh quotation.
The client was keen to return to NBS, recognising our experience and specialist knowledge of the sector. Our established relationship with the organisation and understanding of third sector risks put us in a strong position to offer a solution once again.
A Friday Morning Request for a Community Garden Centre
A broker approached us on a Friday morning needing insurance for a community-run garden centre, with cover required to begin the following Monday.
With limited time available, our underwriting team acted quickly to review the submission and provide a quotation, allowing the broker to confirm the terms before the weekend.
Accommodating the Needs of a Community Support Centre
A not-for-profit support centre provided a combination of advice services, group sessions and community activities, creating insurance requirements that extended beyond a single type of operation.
By taking the time to understand the organisation’s individual circumstances, our underwriters were able to offer terms that reflected its varied activities, helping the broker secure suitable cover.
Village halls, support centres and community garden centres are just three of the organisations we can cover under our Third Sector, Communities & Not-for-Profit insurance product. Our broad underwriting appetite extends to a variety of other organisations, including tea rooms, workshops, community centres and concert halls.
Whether you have a straightforward enquiry or a risk that requires a more tailored approach, our team is available to discuss your client’s requirements and explore the options available.
You can find out more about our Third Sector, Communities & Not-for-Profit insurance here https://nbsunderwriting.co.uk/products/third-sector-communities-not-for-profit/ or submit a quote through our online portal.
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