Benefits

Quality mark of profession

Individual membership of the IMA Institute recognises you as a professional interim manager. It assures the marketplace of the highest quality of service and professional standards through its entry criteria and its professional code of conduct. This quality mark of your profession defines the benchmark of professional practice. It sets you apart from the rest of the industry and assures clients of the excellence of your performance.

Place the IMA-Institute logo and the letters M.I.M.A on your CV and Business stationery with confidence and pride.

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Insurance discounts

We are delighted to offer members substantial discounts on a range of important insurance products. Through our partnership with leading Insurance Brokers, we have been able to secure excellent rates for members, offering a range of first-class benefits, from some of the top Insurance companies in the country.

We believe that most members will find that the superb savings that have been negotiated on your behalf will significantly "off-set" your annual membership fee, leaving you "free" to enjoy the many other benefits of membership.

Please note: The information contained throughout this website does not constitute financial, investment or tax advice and should in no way under any circumstances be construed as such. The IMA Institute is not FSA registered and therefore does not provide advice on any particular financial products through our website. Clicking on any of the links below may direct you away from this website, and your use of any external sites accessed via this website is entirely at your own risk. We accept no responsibility for any of the services featured on any of the external sites and any losses you may suffer arising through the use of any of the those services.

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Professional Indemnity Insurance

This facility and the special rates obtained are available to members of the IMA Institute and can be quoted and purchased on-line. We are already extremely competitive, but you have the option to increase the excess to further reduce the premium if you wish and you also have the opportunity to pay monthly and to protect future increases in premium. These are excellent features not available in most other policies of this type.

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The excellent policy offered under the Institute scheme, provides first-rate protection against potentially financially damaging claims of breach of professional duty against the business or individuals representing the business.

Some of the elements covered are:

• Negligence or breach of duty of care.
• Loss of documents.
• Intellectual property: unintentionally breaching copyright.
• Liability arising from dishonesty of employees.
• Legal costs arising from defending a claim.

The minimum level of cover required for membership is £250 000. However, given the current economic climate and nervousness of some sectors of industry, and the demands of central government in particular, we have negotiated extremely attractive rates for higher cover, up to £3,000,000 in order to enable members to offer clients absolute piece of mind.

The Scheme is run by our PII Specialists Brokers - PFPS Ltd a partner of St James Place Wealth Management
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Keyman Insurance

Keyman Insurance could be the right solution for you if you need life or critical illness cover for yourself or a key individual who is very important for the success of your business.

This type of insurance provides cover for people who companies rely upon in the organisation whose death or critical illness could cause the company to suffer badly with sales falling and profits being reduced. This may include you.

The policy provides a cost effective life or critical illness cover for a set term paying out a lump sum in the event of death or diagnosis of a critical illness to help defray any loss of profit and enable a suitable replacement for the person insured to be found.


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Business Insurance

We have highlighted below several of the key areas of cover offered under this SmallOffice policy.

OFFICE CONTENTS AND COMPUTERS

This section of your policy covers your office contents, business machines, telephone and fax installations, photocopiers, computers and office furniture.

You choose the amount you're insured for, with five levels of cover from £7,500 to £30,000. Everything is insured against accidental loss or damage - this covers most risks including fire, explosion, theft or hold-up, malicious damage and water damage.

As long as you insure everything for full replacement value, all of these items will be replaced as new - your policy will pay the full replacement cost, regardless of how old the items might be. Accidental breakage of fixed plain glass in doors and windows is also covered.

What's more, if you do have to make a claim, your sum insured will automatically be reinstated following any loss, so that you don't have to worry whether you're still insured or not.

PUBLIC & EMPLOYERS LIABILITY

As a business, you have legal liability both to your employees and to members of the public. This section of your SmallOffice policy is designed to ensure that you can meet those liabilities to pay legal compensation if they arise.

Here's what you're covered for...

Employees

You're covered for compensation awards for bodily injury, illness or disease arising out of and in the course of their employment in your business. Anyone working for you in order to gain job experience is automatically included. Cover is for up to £10,000,000 for any one occurrence.

Public

You're covered for compensation awards for bodily injury, illness or disease or loss of or damage to property which arises in connection with your business and arising from trespass or nuisance. Cover is for up to £1,000,000 for any one occurrence.

This may be increased to £2,000,000 if required.

SmallOffice also pays all litigation costs and expenses when they're incurred with our agreement - as long you ask us in advance, you're covered.

Your policy also includes personal liability overseas incurred in connection with your business.

Please note that your cover under this section is in respect only of clerical work or duties. It does not include either products liability or professional indemnity insurance, both of which can be provided in addition to Small Office if needed.

BUSINESS INTERRUPTION

Loss or damage in the office can be bad enough, but the problems don't always end there - your business can be disrupted and extra costs incurred. That's why we've included cover for Business Interruption in your SmallOffice policy.

Here's what you're covered for:

• If you suffer loss or damage that's covered under the Office Contents and Computers section, any additional expenses incurred in order to allow you to continue in business are covered, for up to 12 months from the date of any loss or damage.
• And if damage to your office increases the cost of working - for example the expense of fitting out temporary offices, removal costs, higher rent and rates - you can claim back these extra costs under your SmallOffice policy.
• Your policy normally includes up to £25,000 cover for Business Interruption, but if you need a higher level of cover it can be provide - all you have to do is ask.

LOSS OF MONEY

If you lose money - either yours or money for which you have accepted responsibility -
your SmallOffice policy covers you for the loss.

What's more, you're covered not only in the office, but for other money losses too.
Here's what you're covered for:

• Up to £2,000 in the premises during business hours, in transit or in a bank night safe
• Up to £1,000 in the premises out of business hours in a locked safe.
• Up to £500 at the residence of a partner, director or employee
• Up to £250 in the premises outside business hours, not secured in a locked safe
• Up to £250,000 for crossed cheques and other non-negotiable items

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Life Cover

We've made it easy for you to protect your loved ones or cover your mortgage. And you'll get a great deal too.

• You could get Life Insurance cover for £1m or more if required
• Premiums could be lower than you think - for as little as £10 a month
• We guarantee that your premium will stay the same for the duration of your plan

Choose the right life insurance - and get a great deal. The fact is, you can't rely on always being there for those who depend on you. That's why it's important to have the right sort of Life Insurance in place. Whether it's to cover your mortgage or provide a financial safety net for your loved ones, you can choose from our different types of life insurance to suit your needs.

• Level Life Insurance

Our Level Life Insurance is a straightforward way to provide financial security for your loved ones, or to cover an interest-only mortgage. It's a Life Insurance plan that provides cover for the same amount of money for the duration of the plan.

It pays out if you die during the plan term, but there's no cash-in value at any time. It's one of the most popular types of life insurance and we guarantee that your monthly premiums will stay the same for the whole plan.

• Decreasing Life Insurance

Our Decreasing Life Insurance is designed to provide the ideal type of cover for the outstanding balance of a repayment mortgage or other loan.

Because the amount of the mortgage or loan reduces over time as you make your monthly repayments, the amount your Life Insurance plan pays out will similarly reduce.

Premiums are set at the start of the plan to take this into account, so they're often cheaper than other types of life insurance that pay out the same amount for the duration of the plan. As with level life insurance, it pays out if you die during the plan term, but there's no cash-in value at any time.

What are the benefits?

• Unlimited life cover in most cases
• Choose the period you want cover for
• Monthly premiums are guaranteed to stay the same

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House & Contents Insurance

House insurance is essential in securing your property, its contents, and the people living there, against many forms of damage whether it be from the weather, an intruder or even accidental damage caused by yourself. Buildings and contents insurance will both cover your property and household goods and valuables against sudden and unexpected loss of or damage caused by the following:

• Fire, lightning, explosion or earthquake.
• Riot
• Malicious damage
• Theft
• As well as providing security should the unexpected happen the following benefits may also be included
• Home emergency
• Contents cover away from the home
• Credit card cover
• Cover for locks and keys

There are a large number of insurance products on the market covering home and contents. We use a large panel of insurers to ensure that we get the most competitive quote for you, tailored to your specific needs.


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Travel Insurance

Whether you require Single Trip, Annual, or Longstay cover, our on-line automatic quote service will be able to offer members a fast and extremely competitive quote.



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Legal Helpline & Support

This is included for full members as part of their membership fee. If you need to access this service please see link below (in the private members section)

Associate members can also take advantage of this benefit for the excellent rate of just £40 annual cover.

Membership cover provides a legal advice helpline and the legal costs involved in defending a claim, including tax investigation negotiations. It specifically covers the appointment of solicitors, barristers and expert witnesses, and charges for disbursements. We have secured the excellent services of Europe's leading legal expenses insurer and one of the UK's top firms of solicitors for your assistance.

In today's litigious society and work place, it is increasingly important to ensure that we have effective legal protection.

The Health & Safety Executive and HM Revenue & Customs are just two of the authorities imposing tight strictures on companies. You could face a prosecution as a consequence of your activities at work. or a claim for compensation under the Data Protection Act. The complexities of the UK tax system can prove a minefield for any company: any kind of tax dispute can take its toll on your resources.

The cost of dealing with even relatively minor legal problems can easily run to thousands of pounds, and this does not include the amount of valuable time wasted, or the acute stress caused by such matters. Recent research found that seven out of ten small to medium size businesses had neither an in-house solicitor nor a retained solicitor they could call upon in the event of a legal dispute.

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Remote PC Back-up Service

Never lose your data or critical computer documents and files again.

We have arranged an excellent, fully-automated remote and secure back-up service for all of your data, including emails.

Our DataGuard Remote Backup service is the next generation to Tape Backups, and is much safer and faster, and requires no effort on your part.

The backup manager software is held on your server and laptops, scheduling backups daily, weekly or periodically at a time you set; and works transparently in the background. All you need is an internet connection to connect to our secure, state-of-the-art, backup servers. If your connection is unavailable, a local backup is made, which is then transferred when the connection is restored.

This excellent reliable service is available to you at a special full member's rate of £20 / month for up to a huge 20GB of memory (£23 for an Associate member), based on a 12 month contract with a price hold for the term. In the unlikely event that you need more capacity, just add £1 for every additional 1GB!

What are the benefits?

• No Tapes!
• Cross Platform. It works with Windows, Linux and Mac OSX.
• Data is not stored at the office, but in a secured, off-site location.
• Transparent to daily processes.
• Is always up to date.
• Multiple versions of your data, so you can go back in time.
• Recovering is fast and simple. No fast forwarding tapes!
• Detailed Reporting to you for every backup.
• No limitation on storage capacity.

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Dedicated Web-Site

This is your website, dedicated to the interests of individual members of the IMA Institute. It represents a portal of information and news, as well as easy access to the full range of benefits and courses open to you as members, providing quick registration and payment. We want this site to be user-friendly and to support you in your careers as Interims.

Please let us know how we can improve it further to meet your needs.
Email: info@ima-institute.com

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Closed Seminars

As part of our commitment to our members, in terms of education and career development and support, we intend to hold seminars at least twice a year initially and thereafter as requested by members. These seminars (open only to members) will attract industry-leading experts who will be able to offer advice and thought-provoking ideas to help you in your careers.

We are open to the views of members on the subject matters you would like to see addressed.

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Membership Involvement

We are committed to involving members in the active development of the IMA Institute, including CPD courses, membership benefits, news and information articles, seminars, and in the phase 2 developments and accreditation of appropriate qualifications for our industry.

Critically, with your help, we will continue to evaluate the benchmark of success in our industry and seek ways to consistently improve performance levels and the quality mark of professionalism for all Interim practitioners.

Consequently, we intend to invite members to join a Members Advisory Committee to specifically offer advice in these areas.

Suggestions, comments, and constructive feedback are always welcome.
Please email: info@ima-institute.com

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Lobbying Agent

An important part of membership to the IMA Institute is to join a major voice of change for positive UK and EU legislation.

Our affiliate, the Interim Management Association (IMA) has made great strides over the last 5 years in particular, to raise the profile and the professional image of Interim Management.

Their powerful advertising and effective lobbying, in conjunction with the REC, is making an important contribution in moving the industry forward and in protecting the interests of Interim Management. Becoming a member of the IMA Institute joins your voice with this influential lobbying group.

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Who Do You Want To Meet?

This is an exciting opportunity for members of the IMA Institute to have priority business conversations with some of the biggest and best service providers in the Interim Management Industry.

At a time when it is increasingly difficult to 'get noticed', it is vital to take every opportunity to promote your services to the right people in a timely manner. Accessed through the private members page of the Institute only, members can identify providers of their choice and request a business conversation within 48hrs with a senior consultant / principal of that organisation.

IMA providers who are taking part in this Institute initiative have committed to contacting members rapidly by phone initially, and to facilitate a business conversation. You can use this opportunity to find out more about current market conditions, as well as 'pitch' for suitable assignments. Simply log-in and visit the link 'Who Do You Want To Meet' on the 'Members Control Panel', where you will locate providers logos, advertorials and email contacts. Please identify yourself as an IMA Institute member and include your membership number in your request email.

Quotes from Members:

"This is what I have been looking for. A tangible benefit that can help me get closer to providers and therefore to assignments. Three providers I had been trying to have sensible conversations with, phoned me within the promised 48 hrs. Well done, it works!"
Jane M (Full Member)

"I wanted to know what the IMA will do to help me get revenues flowing and the mortgage paid: This exclusive access to people and opportunities before the rest of the world is a major plus!"
Peter F (Full Member)

"Excellent initiative. With so many 'wannabees' clogging the system, it was impossible to get through to the right people. This is a really positive and concrete step forward. Thank you. It hasn�t won me an assignment yet, but I have had some meaningful conversations"
Dr Jack V (Full Member)

"It's great to have providers listed in one place with a little explanation as to what they specialise in; saves trolling through a number of sites! Good idea also to have the name and title of the senior person who will speak to you"
Susan R (Associate member)

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