CaSE, which was launched last week, is a collaboration between the Charities Aid Foundation, charity law firm Bates Wells & Braithwaite, ABG Insurance and aQmen Ltd. CaSE will channel 40 per cent of its profits through CAF, which will use the money to invest in supporting the growth and long term financial sustainability of charitable enterprises.
The NCVO partnership will involve the umbrella body offering CaSE products to members, alongside its other discounted deals.
"NCVO has a unique connection with its membership and the wider sector, which makes for an excellent starting point for this exciting new service," said Tracey Reddings, CAF's executive director of charity financial services. "Insurance is a necessary evil for the sector, but why should all the profits go into the pockets of the private sector?"
The NCVO hopes the service will encourage more mainstream insurers to develop policies specifically designed for the charity sector.
Director of enterprise Richard Williams said: "Collaboration and social enterprise are vital at the moment. CaSE has the added potential benefit of making a positive impact on the level of insurance premiums throughout the third sector when we are all under increasing pressure to be more effective and efficient."
CaSE's launch coincides with changes to the Charities Act which gives charities the right to buy trustee indemnity insurance unless their constitution explicitly prohibits it.