Why Insurance is More Than a Transaction

Insurance protection is a cornerstone for any organisation, and charities are no exception. At its core, insurance allows organisations to transfer risks they cannot bear themselves to an insurer in exchange for an annual premium. However, for charities, the decision to select an insurance provider is far more complex than a mere financial transaction. It involves:

• Specialist Knowledge: Does the insurer truly understand the unique exposures charities face?
• Tailored Solutions: Is the insurance product specifically designed for the charity sector?
• Proven Track Record: What is the insurer’s history and performance in supporting charities?
• Financial Strength: How strong is the insurer’s financial rating, ensuring timely and fair claims settlements?

These considerations are crucial in ensuring that charities receive adequate and reliable protection. That’s why we’ve partnered with QBE Europe, one of the world’s top 20 insurers and a recognised specialist in the charity sector, to develop bespoke insurance wordings tailored specifically for Salus and our clients.

The Salus Difference

Salus goes beyond traditional insurance solutions by offering a fully integrated approach that aligns insurance with effective risk management. Here’s how it works:

1. Specialised Charity Insurance Product: Our product, underwritten exclusively by QBE, is designed with deep sector knowledge. For example, we ensure that business interruption values truly reflect potential revenue losses following a property claim and that trustee liability is adequately addressed.
2. A-Rated Insurer Support: By partnering with QBE, we ensure that your insurance coverage is backed by financial stability and a commitment to fair and prompt claims handling.
3. Streamlined Operations: With Salus, we manage underwriting and document issuance in-house. This eliminates the need for direct insurer involvement, reducing overheads and allowing us to pass on cost savings to our clients. It also means that most queries and document requests are handled within 24 hours, delivering exceptional service standards.
4. Integrated Risk Management: Effective risk management is more than a compliance requirement – it’s a key driver of business continuity and cost efficiency. Unlike traditional arrangements where risk management services are disconnected from insurance, Salus integrates these elements. This ensures:

• Insurers see and reward good risk practices.
• Costs for risk services are offset, as insurers benefit from reduced claims frequency and severity.
• Your statutory disclosure duties to insurers are simplified, reducing administrative burdens.
• Insurance purchasing becomes more economical and cohesive.

Why Salus Matters for Small Charities

Small charities often operate with limited resources, making it essential to find solutions that deliver value without compromising on quality or coverage. Salus addresses key pain points:

• Cost-Effective Protection: By leveraging our exclusive product and in-house capabilities, Salus reduces costs while maintaining robust coverage.
• Time Efficiency: With streamlined processes, we save you time, allowing you to focus on your mission rather than navigating complex insurance procedures.
• Tailored Risk Insights: Our integrated approach ensures that risk management practices are recognised and rewarded, fostering a safer and more resilient operational environment.

The Salus Edge: Exclusive to AssuredPartners

Salus is not available through other brokers. Its exclusivity ensures that charities partnering with AssuredPartners gain access to unparalleled expertise and support in the charity sector. By combining our deep understanding of charities’ unique needs with QBE’s global strength and stability, Salus offers an unmatched solution for small charities seeking comprehensive insurance and risk management.

Our team is ready to conduct a full review of your coverage and risk management practices, providing clear insights into how Salus can benefit your organisation.

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