Lighthouse Risk Services LLP’s Post

Are you a charity that has been weighing up the benefits of Charitable Incorporated Organisation (CIO) status? If so, have a read of our helpful guide, which goes into more detail about the pros and cons of changing your legal status. https://bit.ly/412srl4 #Charity #Charities #InsuranceTips

Has your charity considered becoming a Charitable Incorporated Organisation, otherwise known as a CIO? If so, you may want to check out the insurance implications. At CKI, we've helped many charities through this transition and we've summed up some of our guidance in the below article. Make sure you take a look! https://bit.ly/412srl4 #Charity #CharityWork #NotForProfit #NonProfits

Considering a move to CIO status? Here’s what you need to know... 🔍 Transitioning your charity to Charitable Incorporated Organisation (CIO) status can offer significant benefits – from limited liability for trustees to a separate legal identity that simplifies administration. But it’s not without challenges. Our recent article, featuring insights from Commercial Manager Adam Taylor, breaks down the legal and insurance implications you need to consider before making the switch. Whether it’s understanding the impact on contracts or ensuring continuous insurance coverage, we’ve got you covered. 🔗 Explore the full article: https://bit.ly/412srl4 #Charity #CIO #ThirdSector #NonProfit

One of our specialties is insuring local nonprofit organizations. We want to see them keep doing the amazing work that they do each day, so we want to make sure they are covered against any issues that might arise. Nonprofits are largely similar to for-profit businesses from an insurance standpoint, but there are a handful of wrinkles that are specific to the nonprofit world. Because we have so much experience in this area, we are a great choice to help ensure your nonprofit is properly protected. Check out our blog to learn about the types of insurance that nonprofits need most often. Then reach out to find out how we can help you!

Dive into Gallagher's Spring/Summer 2024 Nonprofit P and C Insurance Market Addendum - An update to our broader, general commentary! Discover the latest trends and insights shaping the nonprofit sector today, including the continued headwinds hurting the sector overall. Click the link to read more! https://lnkd.in/gJrQx8tU #Nonprofit #Insurance #riskmanagement #charities #voluntarysector

Most charitable volunteers don’t think about potential legal and tax liabilities resulting from their volunteer activities. As a nonprofit leader, it’s your responsibility to ensure they never have to worry about such risks. https://bit.ly/4ddzQ6G #Nonprofit #NonprofitTips #TaxLiability #TaxTips

Who Can Be a Life Insurance Beneficiary? You can designate almost anyone as a life insurance beneficiary, from family members and friends to charitable organizations and trusts. 👨👩👧👦🏢 - Family Members or Friends: Spouses, children, or other relatives can be named. - Charities: Make a lasting impact by leaving a portion of your benefit to a charity. 💖 - Trusts: A trust can ensure the benefit is managed according to your wishes. 🏦    However, in some states, community property laws require you to name your spouse as the primary beneficiary for at least 50% of the benefit, unless your spouse provides documented permission to name someone else. 📑 The nine community property states include: - Arizona 🏜️ - California 🌉 - Idaho 🏔️ - Louisiana ⚜️ - Nevada 🎲 - New Mexico 🏜️ - Texas 🤠 - Washington 🌲 - Wisconsin 🧀 #LifeInsuranceBeneficiary 🛡️ #FinancialPlanning 📊 #CommunityProperty 📜 #ProtectYourFamily 💼 #EstatePlanning 📝 #TrustAndWill 🤝 #InsuranceLaw ⚖️ #LegacyPlanning 🌱

It's the final day of The Insurance Charities Awareness week. Not sure how or who they can help? Here are some Mythbusters to clear this up: − Both working and non-working people can apply for support. − They are an independent charity and not linked to any company or professional body/association. − Applicants can have worked in any role in the insurance industry such as IT or marketing, and not just areas such as underwriting or loss adjusting. − Applications can be made at any stage of a person’s career, providing they meet the eligibility criteria. − They also support dependants of eligible insurance people such as children or partners. − Applications will be dealt with in confidence. − Applicants do not need to belong to a professional body or trade association to access support. #ICAW

From administering your organisation, scheduling volunteering activity, and organising fundraising events, to taking care of your people and supporting your communities, when you run a charity, there’s plenty on your plate. Finding the time to review your existing cover arrangements, especially if your renewal date is fast approaching, means it can be tempting to renew insurance automatically or simply go with the first quote, without questioning the level of cover you’ve been offered. We can help you take a more in-depth look at your current protection plan and risk profile of your organisation. Complimentary Annual Review We can undertake a complimentary review of your insurance covers to ensure: • You’re not under or over-insured • Gain access to insurers who only work with certain insurance providers • Obtain more competitive cover via a wider review of the insurance market • Create the opportunity to include risks relating to potential new ventures You can read more about the importance of undertaking an annual review of your current insurance plan here: https://lnkd.in/d2-3nM4D To learn more about how we can support your organisation with a complimentary annual insurance review do get in touch with our team at charitynewbusiness@endsleigh.co.uk or message Cian Campbell Cert CII and Paul Teasdale. To discuss your charity's risk management needs, please contact our senior risk management consultant Scott Crichton at riskmanagement@endsleigh.co.uk. #charityinsurance #riskmanagement #volunteers #endsleigh #howden

The Insurance Charities Awareness Week (#ICAW) is taking place in a few weeks. We are helping raise awareness of the work the Charity does to help insurance people across the UK and Ireland. Many individuals and families are facing difficult circumstances and those working in insurance are no exception. If you’re not aware The Insurance Charities is the only charity in the UK and Ireland solely supporting current and former employees from the insurance industry, and their dependants who are experiencing financial hardship. The rise in the cost of living has made life more challenging and uncertain for many. Whatever role you’ve had in the UK or Irish insurance industry The Insurance Charities could help you and any dependants. We are hosting a talk with the The Insurance Charities on 25th June at 1pm so please join us to find out more on the different support that is available and who is eligible for help. The link to register for this talk is below. https://lnkd.in/eyRyKR2u #ICAW #InsuranceIndustry #Insurance #lhcii