Buying an Insurance Policy
All Men’s Sheds should consider and are likely to need an insurance policy. The activities and as such the risks individual Men’s Sheds will need to cover through a policy will vary according to activities and where these are undertaken. Men’s Sheds Cymru advises that you contact an Insurance Broker to describe the activities your group is involved in and explain the nature of the building or premises that you use. If a policy is taken in this way you will be insured specifically for your own situation rather than pay an insurance premium for cover that is not needed. The minimum insurance you are likely to need is Public Liability Insurance.
What is Public Liability Insurance?
If your organisation comes into contact with the public* you should consider buying Public Liability insurance. This cover protects your organisation against claims which could be made against you for accidental damage to property and compensation for accidental injury to third parties, where you may be at fault.
If injury or damage does occur, and your organisation is thought responsible, a claim could be made against you. If the claim is successful, you would be liable for paying compensation unless you are insured.
(*members, volunteers, non-members and other organisations)
Insurance for Clubs
Specialist insurance polices are suggested for not for profit groups and clubs. A number of specialist Insurance Brokers are available online
You may wish to consider:
Thomas Carroll in Cardiff. Contact is Marian Evans, Director of Thomas Carroll Special Risks, who will put you in touch with the team dealing with the Affinity Scheme. Please email: Marian.Evans@thomas-carroll.co.uk or call 07949 032815
Keegan & Pennykid who work with the charity and voluntary sector. They have developed their Encompass Insurance Policy with the Wales Council for Voluntary Action who receive a 20% donation for policies taken through their company. This company also state that their policies are written in line with Welsh Government requirements. They are happy to quote based on your specific circumstances. Contact Euan Drysdale firstname.lastname@example.org or Mail@keegan-pennykid.com for a quote.
Ladbrook are an independent insurance broker that work with community and voluntary groups. We can arrange insurance for Men’s Sheds groups including the liability and any assets the group holds
Other insurers used by clubs: