to get the best value for money and give yourself the chance to get better cover and better service, there is no better option. The broker – using their market knowledge and experience – will provide you with advice on the existing insurance contract and undertake a feasibility study to ascertain which option is best for you. YPO, through the Insurance Services framework agreement, offers easy access to brokerage services with established pricing and terms and conditions.
Q
Who and what should be covered by our school’s
insurance policy? A It is a legal requirement to have some of the risks covered
INSURANCE FOR SCHOOLS
Each school has its own insurance needs, but you may feel unprepared for the task of rearranging cover. YPO’s insurance buyer Agnieszka Gajli is here to walk us through the process!
W
hen did your school buildings last have an insurance survey? How long ago was your risk
for schools is not an easy exercise, neither the time nor expertise to get to grips with the types of risk and cover that’s available. The team at YPO is dedicated
to helping schools navigate the vast insurance maze, so we asked them to explain how schools can make sure they’re getting the best-value cover.
50 SPRING 2018 FundEd Q
We want to review our insurance contract, so
where should we start? A You have various choices.
You can buy from your Local
Authority insurance scheme, access DfE’s risk protection arrangement (RPA) if you are Academy (or free school) or arrange insurance on your own through a broker. The key thing in approaching insurance is that you can’t do it on your own and the best thing to do is to appoint an insurance broker. Obviously, this means incurring some costs, but
by insurance, such as employers’ liability if the school staff is employed by the school. Typically, schools will buy insurance for the following risks: property (including engineering inspection), material damage, public liability, professional liability (including governors’ business interruption, school journey and travel, and personal accident. Depending on the school’s circumstances they may also want to consider cover for staff absence and cyber risk, which is now a hot topic.
Q
What counts as ‘special activities’ and does cover for these increase the cost?
A This all depends on a school’s circumstances, the type of
activities they engage in, and how well they manage any risks associated with those activities. Insurers will need to see the list of any special activities and past claims history prior to providing a quote.
Q
What are the benefits of using the YPO framework?
A Our insurance framework has been developed in partnership
with Crown Commercial Services, ESPO and NEPO, therefore you will get access to the same brokerage services and insurance suppliers. These suppliers have all been chosen and provide high levels of service. In addition, at YPO we pride
ourselves on the quality of customer support we offer. School leaders are
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