The impact of rising insurance

Voluntary and community organisations across Northern Ireland are experiencing difficulties renewing their insurance, obtaining insurance, getting adequate and full cover, and in some cases, even being forced to abandon the services they provide.

NICVA has completed a research project on the rise of insurance premiums which will be presented at a seminar at NICVA on 15 May 2003 from 10.30 am to 12.30 pm.

Seminar programme

The report will be presented by Gordon McCullough, Head of Research at NICVA who stresses the importance of the findings:

“Insurance premiums are on the increase and like many sectors voluntary and community organisations are being hit hard. Our research has found that there has been a 60% increase in insurance costs over the last year. The impact of such increases has led to a reduction of services provided by organisations and in some of the most serious cases may lead to closure .”

The study assesses the impact of this issue and investigates if there are any sub-sectors that have been particularly affected. It also examines the rise of insurance premiums in a global context.

Objectives

There will be an opportunity at the event for groups to discuss the problems they have faced, and for others to propose solutions. A number of government departments will be present to hear the findings and to learn about the difficulties that organisations have been experiencing.

The objective for the seminar is to achieve a way forward, to tackle the problem, and to conclude with optimistic recommendations.

All are welcome. Come and voice your concerns on:

• issues of rising insurance
• the impact on your organisation
• how this has curtailed your organisation’s activities
• organisation closures due to insurance problems.

If you would like to attend please contact Georgie Finlay at NICVA:

georgie.finlay@nicva.org

028 9087 7777