By John McCormick from NICVA
Published on 05 Mar 2008
Is your organisation part of the NICVA/Marsh insurance scheme? Why don’t you dust off your policy and have a quick look at the cover you have in place …
NICVA in partnership with Marsh Ltd has been able to secure further rate reductions to our scheme whilst further enhancing the policy cover available.
This year the standard limit of indemnity for Professional Indemnity / Directors & Officers Insurance has been increased to £250,000.
This means that some organisations may not need to continue to pay for two separate policies.
If you are not sure if this change effects your organisation or if you have any other queries, please contact Leslie Dick, Marsh Ltd at 028 9055 6100.
For your information your NICVA insurance scheme now covers the following:
- Employers Liability Insurance
- Public Liability Insurance – limit of indemnity - £5million
- Professional indemnity insurance – limit of indemnity - £250,000
- Employment practices liability – limit of indemnity - £100,000
- Legal expenses – limit of indemnity - £100,000
- Property Insurance (buildings and contents)
- Loss of revenue
- Theft by employees
More insurance info
If you would like a more detailed explanation of the different types of insurance policies and cover available please contact Marsh Ltd or alternatively you can download a copy of NICVA’s Advice Note 12: Insurance Information at:
http://www.nicva.org/index.cfm/section/article/page/NICVAGoodPracticeGuides
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