WRS Insurance Brokers - Press Release

FOR IMMEDIATE RELEASE

17^thFebruary 2025
 
Click here for an image - Top charity claims pic 

Top 3 Most Expensive Charity Insurance Claims in 2024 Revealed

WRS Insurance Brokers, specialists in charity insurance has unveiled insights into the costliest charity insurance claims of 2024. The data highlights the financial risks faced by charities and the crucial role of insurance in minimising unexpected expenses.

Charities operate on tight budgets, making careful financial management essential. However, unexpected incidents such as liability claims, property damage, and extreme weather events can lead to significant financial setbacks.

Emma Jeffery, Senior Claims Executive at WRS Insurance Brokers, commented:
"These claims highlight the significant risks charities face. Ensuring the right cover is in place can make a huge difference in how organisations recover from unexpected events. Our goal is to support charities with tailored insurance solutions that safeguard their operations."

WRS Insurance Brokers has reviewed the most expensive claims from their charity clients in 2024, shedding light on the costs, causes, and preventive measures charities and community organisations can adopt.

The Three Costliest Charity Insurance Claims of 2024:

1. Employers' and Public Liability Claims - average claim costing nearly £24,000
    
2. Burst Pipes and Water Leaks- average claim costing over £8,000

3. Storm Damage Claims - average claim costing over £3,000

Full information on claims costs, types of claims and preventative measures can be found here:

https://www.wrsinsurance.co.uk/news/top-3-most-expensive-charity-insurance-claims-in-2024/

-ENDS-

For further information please contact Katie Oswald at koswald@seib.co.uk or call 07517 128039

About WRS Insurance Brokers:

1. WRS Insurance Brokers are owned by SEIB Insurance Brokers, both are part of the Benefact Group, profits are used for good causes.
2. WRS specialises in the social welfare sector alongside providing business and property insurance, all from an ethical standpoint. The company provides tailor made insurance cover for charities, churches and care and community groups.
3. This socially responsible approach from WRS fits well with SEIB's ethos.
4. Find out more about WRS here www.wrsinsurance.co.uk

About Benefact Group

1. ​​Benefact Group is an independent, specialist financial services group that exists to give its profits to charity.
2. Owned by a registered charity, Benefact Trust, Benefact Group's family of businesses provide specialist insurance, investment management and broking and advisory services in the UK, Australia, Canada and Ireland.
3. Benefact Group is the fourth-largest corporate donor to charity in the UK, according to the UK Guide to Company Giving 2021/22. It has donated over £100m to charity since 2016 and is aiming to reach its target of giving £250m by 2025.
4. Many businesses say they are different. Benefact Group really is. Find out why herewww.benefactgroup.com