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Insurance brokers support volunteers

  • by The Quotesonline Team

The National Insurance Brokers Association (NIBA) showed their support for volunteers during the National Volunteer Week held from 10 to 16 May. 

NIBA CEO Noel Pettersen said many insurance brokers worked closely with volunteer organisations to advise them on risk management and insurance cover.

“It is very important that volunteers are protected by insurance while doing their very important work. These groups often have small budgets and a good deed could turn into a nightmare for a volunteer organisation if it leads to one of their workers being injured, to a personal injury case against the organisation, or to their premises being damaged.

It is essential that they have appropriate public liability and personal injury cover, as well as insurance for buildings, contents and motor vehicles. Because of the nature of these organisations, personnel such as chairs of committees often change and corporate memory is lost. That is why brokers can help in ensuring there is continuity of advice about insurance needs.

Volunteers make such an important contribution to our community, we should all take the time to recognise their efforts during National Volunteer Week,” Mr Pettersen said.

NIBA is an independent industry association representing 500 firms and more than 2600 intermediaries, who handle almost 90% of the commercial insurance transacted in Australia. Brokers play a major role in insurance distribution, handling $10 billion in premiums annually and placing around half of Australia’s total insurance business.

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