Balens Ltd

Recent figures show that the UK charity sector is now served by over a million trustees and 15.9 million volunteers. It is most encouraging to see so many caring people involved in the voluntary Sector. Even so, it is a sad reality that Charities or Companies Limited by Guarantee, their trustees and officers and employees are vulnerable to being sued or prosecuted for their decisions and actions. Trustees are often surprised to realise that in the event of a claim for negligence, breach of duty, or inadvertent breach of the Law, they can be held personally liable for an unlimited amount.

Prior to the recent changes in the Charities Act, charities were usually prevented from purchasing Trustee Indemnity Insurance. However, the recent lifting of this restriction means that your charity can now obtain the protection your trustees deserve and pay for it from your Charity’s own resources.

Currently, you’re Trustees or Directors can be held legally liable for breaches of the myriad laws which govern what you do, as well as allegations of negligence in the running of the charity, provision of services or advice, libel and slander or for mishandling funds. There are many decisions that have to be made on a regular basis in the operation of a charity or company limited by guarantee. You may also be giving advice or help others in some way. As if this wasn’t enough, there are also many ways in which you can be held liable if you employ anyone or own property! Adverse publicity could also affect your reputation and good-standing. Our specialist new covers will remove some of the financial worry concerning such situations and much more besides.

Directors and Officers (D & O)/ Trustees Indemnity Insurance
Management Risks Insurance can be complicated to understand. Information which may help clarify is available on our website www.balens.co.uk.  Directors and Officers of Limited Companies, Associations, and of course Trustees of Charities are subject to the law of the land, even if they may give their time freely and for no reward.  They still have a duty of care and can be held accountable! Much of this information applies to Charities, not for profits Companies and Companies Limited by Guarantee also…

 

Who are Balens?

Balens are an ethical, fourth generation, family insurance broker established in 1950, and have served the insurance needs of caring people and organisations for over 50 years. Our business is virtually all by recommendation and we offer a personal service at Market Leading premiums. Our Managing Director, David Balen has worked in many voluntary organisations over the years and is the chairman of trustees of an educational charity. We have developed some unique relationships with insurers in this sector, including a specialist not-for-profit insurer.

We are offering a new facility with unique features, tailored to the needs of charities and voluntary organisations making a positive contribution to society. We also deal with other Companies who have a specialisation in this area, enabling us to choose a well-designed protection plan for your unique needs.

Balens offer Specialist Insurance Packages for Charities and the not for profit sector, from the Experts who care!

-       Our service includes comprehensive and tailor made insurance packages.

-       Bespoke charity and trustee indemnity packages. Free no obligation on-site review of your premises and existing insurance.

-       A free report and competitive quotation outlining various weak areas and improvements.

-       Balens are already one of the largest broker servicing complementary Health Professionals in the UK and the Republic of Ireland. We are now offering the same ethical standards and high level of dedicated personal services to UK charities and the not for profit sector.

-       We are fiercely independent and offer a one stop shop for all your insurance needs.

-       We offer a personal and friendly service to all our clients no call centres

-       We offer superb and expert claims support to our clients, with a sympathetic and caring service

-       We are a fourth generation “family run” business, established in 1950 with over 20 years experience in this field.   

For more information on Balens Packages and Services,
Please visit our website www.balens.co.uk or you can call us on 01684 893006

You can also email any queries to josh@balen.co.uk

We look forward to hearing from you!