about us Professional advice designed to help you operate more efficiently and ensure your risks are covered. The Charity and Not For Profit sector is both large and complex in terms of the regulatory and governance frameworks which organisations are expected to adhere to. Whether you are looking to appoint an auditor, maximise on tax efficiencies or need specialist insurance cover, we have a wealth of expertise and experience in the Charity sector. Our Charity and Not for Profit team is made up of experienced professionals who have been handpicked from within our business for their expertise in their specialists fields. We understand how important it is for charities to get it right, particularly as the sector remains under the media spotlight. From supporting Trustees as they deal with regulatory requirements, to providing assurances that your organisation is operating as it should be, through an Internal Audit, we have advisory teams who can help you in your role and help you to manage and mitigate risks. Our Insurance Scheme for the Third Sector was specifically created to meet the needs of charities and groups operating in the charitable and not-for-profit sector. Offering market leading insurance, underwritten by one of the UK’s leading, A-rated insurers, not only can you have peace of mind that your insurance needs will be covered, but you can benefit from our specially negotiated rates. Our specialist team of charity insurance advisers will always take the time to go through all the cover available to you, and will work with you to identify the specific risks facing your individual charity or operation and will be by your side, ready to help from the moment you take out a policy, through to working on your behalf through any claims you may need to make.
For not-for-profit organisations, the impact of a cyber-attack could be catastrophic. Firstly, the impact of a ransom-style attack where data is locked down and only released when a ransom is paid could leave many voluntary organisations in a serious financial state, or worse, leave them with a significant data loss where the ransom simply cannot be met. And what about a malicious data breach? Releasing personal and confidential data relating to an individual into the public arena or selling it on the dark web is not only hugely devastating for the individual whose data is being shared, but devastating for the brand who is seen to have allowed this to happen. This is particularly pertinent for any organisation working with individuals who have been through the criminal justice system and for whom the security of their personal records can be crucially important, since it may have a having potentially devastating impact on their rehabilitation and future lives. Whilst the threat of cyber-attack appears to be growing, there is some relief. The insurance industry has had to take the risk of cyber threat as an increasingly prominent concern from businesses and organisations. Consequently, there is now a wide range of insurance covers out there which can help with the costs of anything from employing an ethical hacker to stress test your system before an event happens, to IT consultants who can step in to recover data, through to policies which provide professional PR support to help manage reputational damage in the event of a cyber-attack. Cyber insurance is something which every organisation, no matter what their size or purpose, needs to take seriously, and won’t always cost as much as you might think. Indeed, we are seeing many insurers already including some cyber covers as standard in their policies. If you don’t yet have cybercrime cover or would like to find out more about how you can protect your charity of not-for-profit organisation against the impact of a cybercrime, contact Shirley Greer who specialises in advising organisations in the third sector on all aspects of insurance cover by emailing charityinsurance@ scruttonbland.co.uk
Visit our website or call 0330 058 6559 today to find out how we can help you.
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