Page 7 - ALG Issue 1 2014 Digital Edition

Insurance for Allotment Clubs and Associations
Why buy insurance?
Insurance is often seen as an unnecessary expense but this view rapidly changes when disaster strikes. Many associations operate with small budgets that are simply not equipped to cater for events such as the loss of a clubhouse or the cost of dealing with an award following an injured third party.
The question “Why buy insurance?” might better be replaced by: “What would happen if I had no insurance?”
Recent claims have reached as high as £85,000 excluding the cost of lawyers’ fees. This is far from the largest imaginable award and you might want to consider the impact of being confronted with such an unexpected bill. What would happen to the association or its individual officers? Beyond actually affording the cost of a disaster there is also the cost of your time and the worry such events bring.
At Shield we want to ensure that you have the right cover in
place that can deal with the unexpected, such as the cost of a new clubhouse or the defence and management of a claim from an injured party. The right insurance should solve the financial impact of rectifying claims, ensuring your allotment association is protected and allowing you to concentrate on running your allotments. Leave the financial and time-consuming strain of dealing with claims to Shield.
Taking the decision to buy insurance still leaves you with the question as to which policy is right for you. Do you look for a policy that imposes minimum sums insured that far exceed your needs or do you look for a flexible policy that allows you to choose limits in each section that suit you? At Shield, we provide insurance designed for the individual customer. If you only need £10,000 property cover but would like £5,000,000 liability then that is what we can provide. There is no need to pay a premium for many tens of thousands of insurance you know you do not need.
Public liability insurance policy benefits include:
• Protection for your members and your association against the cost of compensating injured parties who suffered bodily injury or whose property was lost or damaged by an accident happening at your allotments.
• Court Awards - Up to £250,000 cover where you have been awarded costs but have been unable to recover them.
• Up to £10m public liability cover is available.
Optional extras
At Shield we listen to our customers and wherever possible amend our policies to give you the cover you tell us you need. With this in mind we have added the following optional extras to our public liability insurance:
What does it cost?
Premiums start from just £50.00 (including Insurance Premium Tax) and the following examples show how the costs vary for the basic liability cover according to the level of protection you want and number of members in the Club:
• £10m employers liability cover • Trusted Person’s Indemnity
• Landlords cover
• Cups and trophies
• Buildings and equipment cover • Abandoned events cover
• Loss of money cover
For tips and progress see
Coverage
£2.5m Liability cover for the Club
£2.5m Liability Cover for the Club and for the Members
£5m Liability cover for the Club £5m Liability Cover for the
Club and for the Members
Number of Members in Club 20 50 70
All prices are correct at the time of going to print.
The insurance is designed to allow you to ‘pick and mix’ any of
the optional extras desired and set the level of cover needed for your specific needs. This means you can tailor your insurance to provide the level of benefits needed without paying for cover you do not want.
Protection for buildings worth £10,000 starts at £40.28 and for £7,500 cover on equipment the cost can be as low as £39.75
To speak to one of our specialist team of allotment insurance experts, call 01277 243 054.
Shield Total Insurance is a trading name of Vantage Insurance Services Limited (VISL). VISL is a subsidiary of Vantage Holdings Ltd and is authorised and regulated by the Financial Conduct Authority.
£50.00
£61.39 £52.70 £70.19
£63.25
£98.23
£76.50 £120.22
£82.62
£130.90 £96.54 £153.99
Insurance
7