What Is Community Interest Company Insurance?
Insurance for a Community Interest Company (CIC) is a specialist area and it's good to deal with someone who shares your community values and understands the Social Enterprise Insurance sector. A Community Interest Company policy provides cover for core public liability insurance as well as other exposures such employers liability for any staff, and/or contents and computer equipment protection.
Do I Need CIC Insurance?
Whilst a standard business insurance policy can normally cater for community interest companies, the added benefit of a specialist CIC Insurance policy is access to discounted premiums and enhanced levels of cover. As the decision making process of a CIC is aimed squarely at social enterprise claims ratios tend to much lower than an equivalent limited company and this is reflected in lower insurance premiums.
Compare CIC Insurance Cover
At Insync we can arrange cover for CIC's of all shapes, trades and sizes and can help you find the right level of protection whilst retaining maximum value for the company. We have developed a panel of specialist underwriters enabling our dedicated insurance advisors to tailor cover and compare prices, helping you find the right level of protection without breaking the bank!
Community Interest Company Extended Covers
Core cover for any CIC tends to be public liability insurance, from which we have the ability to add extensions such as employers’ liability in respect of your legal liability for employees or volunteers. Other popular additions include stock, contents, computers and laptops, money professional indemnity and legal expenses cover.