Protecting the support you give

Oval Charities
Insight. Service. Performance.

Specialist risk and insurance solutions for the charity sector

At a time of unparalleled pressure, its good to know you can turn to an experienced insurance specialist who is able to protect the support you work so hard to provide.
Charities, voluntary bodies and Non Governmental Organisations (NGOs) account for 2.7% of the UKs workforce1 nearly 765,000 people across around 164,000 organisations.2 The Direct Charitable Expenditure Ratio set by the Charity Commission leaves only 20p in every 1 donated to spend on non-charitable purposes that means your insurance protection must be intelligent, exible and above all, cost-effective and competitive. Extra pressure of economic uncertainty on fund-raising and grant availability only makes your job harder. The insurance solution must be able to deliver peace of mind without compromising your funding, your power to fund-raise and your ability to act whether it be for overseas aid, preserving our natural environment, supporting medical research, delivering care or working in the community. As a charity trustee or member of the senior management team, youll recognise the operational issues that the third sector faces. There has been a decrease of 5,000 organisations from the Charity Commission Register since 2007.3 Natural merger, consolidation, acquisition and transfer of funds are just some of the reasons. The economic climate has hit donation income as the public tighten their belts and some fundraising events have experienced reduced support. Investment income is falling as companies nd it more difcult to maintain dividends. Taxpayer grants or government contracts for the delivery of public services face increased scrutiny. And yet despite the tough times, there are many new local authority and health service contract prospects emerging for many charities while others are exploring new revenue streams. Optimising your insurance overhead puts you in a better position to capitalise on these new opportunities. Thats why its important you make the right moves to protect your charity, adapt to change and optimise costs. Thats why choosing the right insurance broking partner, with the right skills and the right experience is important to ensure youre able to achieve your aims.

Welcome to Oval Charities: insurance that cares for you while you care for others
As one of the UKs leading insurance brokers, we have the practical and intellectual expertise that has made us the insurance partner of choice for some of the UKs leading charitable and not-for-prot organisations as well as International Non Governmental Organisations (iNGOs). This enables us to provide charity-specic risk and insurance solutions ready to tackle the challenges you face in a complex and changing voluntary landscape.

Our active involvement with organisations like the Charity Finance Directors Group (CFDG) and Institute of Risk Managements Charities Specialist Interest Group plus our existing charity clients enables us to help arrange your risk and insurance programme so that you can: Manage but not over-restrict fund-raising  Capitalise on online and social media for awareness and fund-raising  Risk-manage third party contracts to reduce your nancial burden  Comply with the Statement of Recommended Practice (SORP) and Charity Commission guidelines for risk management  Operate shops and local enterprises to maintain your brand, public awareness and recognition  Develop your approach to volunteer management through training  Align your insurance cover in harmony with your key commercial risks

1-2 Labour

Force Survey 2010. 3 Charity Commission, 2013

Putting your needs at the heart of everything we do

Youll nd all the specialist risk management solutions and services you need to help keep your charity t for the future under a single roof and with a specialist team. Our approach is geared around a strong service ethic and focused on six key risk management values that your sector demands.  A safe pair of hands: A partner you can trust, backed by experience and a proven track record  Innovations that drive value for money: We are developing new products with the insurance market to address the emerging risks that the sector faces for instance Data Loss and Cyber Protection  Emerging risk identication: We are subscribers to the CFDG and are passionately proactive about helping you protect your assets and minimise liabilities in a changing landscape  Fast, expert problem solving: Were proud of our reputation and we are committed to providing a quick response that makes the most of our wider risk and insurance expertise  Client benchmarking that drives best practice: Working with a diverse range of charitable and not-forprot organisations, we analyse the trends and the limits purchased (such as how many charities of what size buy say 10m Public Liability insurance versus how many only buy 5m) and share our learning  Competitively priced services and deals: Our lean business model keeps our structure at and overheads down, enabling us to pass premium savings directly onto you

Insight. Service. Performance.

Oval is in the vanguard of the charity insurance sector. We are respected, lead-participants across a wide range of stakeholders in the sector to help drive best practice and innovation. Above all, we invest in our people. We have drawn together experienced, high calibre professionals who blend the advisory, actuarial, administration, technical and listening skills essential to delivering the exceptional levels of insight, service, continuity, agility and pitch-perfect performance you demand. Importantly, we keep workloads manageable so our people have the time and scope to stay close to your needs, develop real relationships and deliver the high service standards and innovation you expect: our outstanding client retention rate speaks for itself.

Our charity clients

We have many years of experience working in your sector and our charity, voluntary and NGO clients include: Aid charities Animal charities Charities that work with the elderly Childrens charities Disability charities International NGOs Medical charities Preservation charities

www.theovalgroup.com

About Oval Insurance Broking

With ofces across the UK, Oval Insurance Broking (Oval) is the specialist insurance and advisory partner of choice for thousands of organisations and individuals across a range of disciplines and industry sectors. From general insurance to sector-specic requirements, the strength of Oval lies in designing bespoke, dynamic and competitive risk solutions that t your needs. Our insurance and risk specialists take the time to understand those needs, simplifying risk to deliver a consistently innovative, high standard and high performance service that adds value, capability, agility and a competitive edge to your business. For more information, visit us at www.theovalgroup.com

Would you like to talk?

If you have any questions or would like to explore how you can make your insurance work harder for your organisation, were here to help. Call: 0800

612 6223

Or email: ib-enquiries@theovalgroup.com

Oval Insurance Broking Limited Registered Ofce: 9 South Parade, Wakeeld, WF1 1LR Registered in England No: 01195184 Authorised and regulated by the Financial Conduct Authority.

www.theovalgroup.com

Insight. Service. Performance.