aQmen Underwriting first launched its Faith Insurance policy in 2015 especially designed for places of worship and connected organisations. The cover has been updated with a number of enhancements and now includes an option for Cyber Loss Recovery for data crisis response, incident management, investigations and restoration, as well as cover for awards and fines. Further improvements include the addition of cover for Contract Works and increases in limits for various automatic extensions such as for property at events and money held at home. Other updates also reflect changes in regulation, such as GDPR.
This policy, which is distributed under the CaSE Insurance brand, has been specifically designed for the faith sector and is backed by A-rated insurers. Working alongside aQmen’s specialist underwriters, brokers can choose the right package of covers to suit their clients’ needs. If those needs change, the policy can be adapted within certain limits.
Mark Ingram, Director at aQmen, commented: “As a specialist insurer for the not for profit and social enterprise sector we have been delighted with how our Faith Insurance product has been received where, historically, options have been relatively restricted. We have expertise in all types of faith organisations and buildings of all shapes and sizes both ancient and modern. We also have a strong track record of innovation and, following a recent fine of £100,000 imposed on a faith-based organisation for contravening data protection regulations, the need to respond to digital and cyber threats is clearly apparent. aQmen is keen to work with brokers and their clients to advise on a wide range of risk management issues and to determine what cover is necessary. The addition of Cyber Recovery to our Faith Insurance Policy is just one example of many changes we have introduced.”
aQmen has been underwriting specialist insurance for the charity, social enterprise and faith sectors for over ten years. This update to CaSE Faith Insurance is the most recent change to a suite of constantly evolving policies to ensure they remain suitable, comprehensive and cost-effective.