Education Insurance

The reputation of your educational establishment should always be the number one priority, as to whether you operate a school, college or university, there is always a risk that accidents can occur and the unexpected could happen.

Here at HISL Brokers Limited we understand how important your reputation is, therefore, we will closely with yourself to provide a tailored insurance policy which meets your specific needs, offering financial protection in the case of an accident, protecting both the education establishment and the reputation going forward.

Read on to find out how you can protect your staff, students, and technical equipment within an education insurance policy.

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What is education insurance?

Educational establishments across the country are all faced with an increased risk of accidents due to the ever-evolving course requirements. As courses become more hands-on there comes a risk of harm to both the students and the teachers. Additionally, the increasing popularity of international trips poses a further risk to the health and safety of everyone involved.

With this growing involvement in risk-filled activities, it’s highly important that your educational establishment has some protection in place in the case of an accident occurring. If an accident was to occur within one of your classrooms, can you confidently say that your education facilities would be able to continue their daily operation in the event of a claim?

Types of education insurance policies

Education insurance policies could provide cover for the following:

Building cover: The protection of the education premises itself in case of theft, water damage or a fire.
Business assets insurance: Provides cover for the things that your education establishment needs to operate, including computers, books and technical equipment.
Business interruption insurance: This covers you against the case of financial losses if your institution can’t operate from its premises as normal as a result of water damage, fire or theft.
Fine art cover: Providing cover for any artwork that your education establishment displays.

Employers liability: This is a legal requirement if you employ any member of staff, whether it be permanent, temporary, contractors or freelancers. The minimum level of protection is £5m, which will cover the cost of compensation claims if they get injured or ill at work.

Key man insurance: Provides cover if an essential member of your team (for example your headteacher) is unable to work for you due to reasons such as sickness, disability or death.
Supply teacher budget protection: Supply teacher budget protection provides an educational establishment with the peace of mind that when it sets its annual budget for supply teachers, should it exceed that budget, the overspend will be covered.

Public liability insurance: Offering protection if your education activities kill or injure a member of the public or damage their property whilst they are visiting your premises.

Personal accident and sickness: Provides cover for both staff and students during national or international trips.
Private medical cover: Independent schools may wish to provide private medical cover for pupils while they are in their care.
Governors’ liability: Provides governors with protection against legal action being taken against them for personal injury or property damage.
School fees refund insurance: Providing cover for independent schools in the event that a pupil is absent due to illness or injury, and allows parents to reclaim a certain amount of the fees they have paid.

These are just examples of some of the types of education insurance policies that we look after at HISL Brokers Limited. As we know that no two education providers are the same, speak to us today to find out which policies will best meet your needs.

What education insurance do I need?

If you are responsible for the running of an education establishment of any kind you should consider taking out dedicated education insurance policies. The wide variety of risks to both the staff and students create the need for a policy which offers financial protection in the event of an incident taking place.

The cost of education insurance

The premium that you will pay for education insurance depends on the level of cover that you need and the breadth of cover that your business requires.

It is crucial to ensure that you are properly protected in the event of an incident occurring. With that in mind, at HISL Brokers Limited we will take the time to understand the specific needs of your establishment and recommend the amount of cover that is best suited to you.

How can I get education insurance?

Established in , HISL Brokers Limited are the education insurance experts. We understand that education providers face unique risks and challenges on a day to day basis, and that you need bespoke insurance that works for you and gives you the level of cover that you require.

Give your education establishment the protection that it deserves today – if you want to find out how much peace of mind costs, contact Paul Kerner by calling: (0)20 7220 9020