With a push for greater board and trustee accountability, education institutions face a distinct set of risks; Marsh can assist you in assessing, prioritising, and managing these risks.
Almost 850 independent schools and more than 320,000 students covered by our personal accident insurance scheme
RESEARCH & BRIEFINGS
No one likes to think of the unthinkable happening, but a few basic preparations could mean your school is better equipped should a crisis occur.
Today, education institutions face a wide range of risks, from campus security and safety, to compliance with government regulations, cyber risk, and more.
Working with a broad spectrum of UK education establishments, Marsh's Education Practice understands the environment you work in and its unique exposures. These risks can damage your reputation, profitability, and even viability in the face of increasing public and government demand for board and trustee accountability.
Taking a consultative approach to risk management, we help schools, academies, colleges, and universities better understand their risks. Our risk assessment capabilities – backed by our dynamic risk-mapping technology – help you benchmark, quantify, and manage financial and operational exposures in the areas of property, employers liability, natural hazards, and many other areas of risk.
We provide protection focused on dealing with exposure to physical, consequential, legal, management, financial, and reputational risk – drawing on a bespoke portfolio of innovative insurance solutions and risk management services that meet the specific requirements of your educational institution.
The result: Boards and governors can rest assured that critical risks have been identified and addressed, and the total cost of risk has been minimised.
Independent schools face a diverse set of challenges, ranging from pupil safeguarding to maintaining pupil numbers, and school-fee income. At Marsh, our experience working with more than 1,500 schools and colleges across the UK means we understand your key risks.
We offer a general insurance proposition that is among the most comprehensive in the market, as well as a range of specialist insurance schemes designed for you and your pupils, including school fees refund products and personal accident, private medical, and personal effects covers for pupils.
The UK Government’s introduction of the risk protection arrangement (RPA) for academies and free schools has, for many, made the option of choosing a commercial/specialist insurance solution more difficult than before, and has created some uncertainty around potential gaps in cover. Marsh specialises in working with academy schools and prospective academy schools to address these issues and delivers comprehensive insurance cover as well as responsive, ongoing specialist support.
We also arrange additional cover to complement the general insurance proposition – including overseas travel, engineering insurance and associated inspection services, school vehicle fleet insurance, and occasional business use (OBU) motor insurance to protect staff, governors, and parents when using their own vehicles on school business. Other areas of risk protection that we offer include staff absence and supply teacher budget protection covers, and private health insurance for an academy’s key staff.
We also offer a dedicated iPad/tablet PC scheme that provides protection for academy-owned tablet devices in and out of school.
Recent reductions in central funding have led to a sharp focus on the levels of spending on insurance premiums and other risk management expenditure by FE colleges. Marsh has a long history of working with FE colleges to identify individual risk needs and deliver bespoke, cost-effective insurance cover and responsive, ongoing support.
We currently work with many of the leading FE colleges across the UK, enabling you to benefit from our expertise and experience. Working closely with you, we draw upon a bespoke portfolio of innovative insurance solutions and risk management services that meet the specific requirements of your college.