Neighbourhood Watch

Definition
Neighbourhood Watch is a program that is sometimes offered in a community in order to reduce residential crime. A Neighbourhood Watch group is overseen by the local authority and the members are considered individually.This is a volunteer group dedicated to keeping their communities as safer, healthier place to live.

Will it save me money?
Some insurance companies will offer a discount if a community has an organized Neighbourhood Watch. It is important to note this on your business insurance. Your underwriter is considering all aspects of your business. This feature helps with the crime rating for your particular risk.

What do I need to do?
If you become involved with this type of organization there could be volunteer liability coverage that is included to protect you while performing your duties. It is a good idea to know ahead of time if this protection is included or if you require it on an individual basis. Some insurance companies do offer this as part of a property (home) insurance. As you agent or broker.