Tuesday 20 August 2019

Children's charities cut services over insurance cost

Charlie Weston

Charlie Weston

Charities and voluntary groups are being forced to shut down services due to the insurance cost crisis.

Around one euro in every 10 of charity income is now being spent on the cost of cover.

New research shows almost half of voluntary and community groups have cut back on what they offer to vulnerable children, older people and disadvantaged groups amid soaring premiums.

Some are being hit with premium rises of up to 60pc, according to Ivan Cooper of The Wheel, which represents 1,600 charities, community and voluntary groups.

A survey carried out in conjunction with the Alliance for Insurance Reform shows 22pc of voluntary groups said the cost of cover was threatening their future.

The groups get half of their funding on average from the State, but are being forced to use around 10pc of their total income on insurance.

Irish Independent

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