The festive season is getting under way and with it, comes the colder weather and as many well know, this comes with a new array of risks to contend with.
For those responsible for the running and safeguarding of schools, academies and their pupils' interests, this should merit their attention.
Every school is different, and so the risks faced will vary. Investing in the correct Academies Insurance policy is important for risk management and budgeting. The onset of colder weather increases the chances of accidents happening and it also increases the likelihood of infrastructure and buildings damage. All of these things, particularly infrastructure and buildings damage, can have a disruptive effect on the ordinary running of a school.
With government targets to meet and standards to adhere to, school disruptions and closures are the last things that school teachers and staff want to contend with. In the same way that businesses can have their operations interrupted by a lack of Internet access or power, so too can a school. So it is important for school governors to ensure that safeguards are in place to mitigate the effect of such an interruption; they also need to have the correct insurance cover in place to cover the costs of reparations
It is important then for academies and schools to seek out tailored cover. Often, academies insurance will cover a range of risks, including liability, buildings damage, and professional indemnity for staff, employer's liability and more. It is therefore critical, in today's uncertain economic climate, to strike an efficient, cost-effective balance between the cover required and the outlay for the policy.
With cuts being made across the public sector, highlighted more recently by the proposed pension cuts for public sector workers, funding is certainly an issue. What school governors need to understand is that a good insurance policy can help them manage risks in a way that is financially beneficial. The cost of repairing a building outright, when compared to investing in schools insurance that covers buildings damage, is markedly different. Given the harsh winter weather the UK has experienced over the past three years, collapsed roofs and infrastructure damage is not out of the question.
Such a policy is also better for cash flow, as it is the insurers who will have to shoulder the costs of the incident as opposed to the school. Although, a successful claim depends upon appropriate measures and procedures being in place to ensure that the school cannot be held liable in a way that is not covered by their policy.
It is very difficult to foresee the occurrence of any accident or disruptive event, but preparations can be made that can increase the likelihood of a successful claim should something untoward occur. It is wise for school and academy managers to consult with a specialist Business Insurance Provider to understand their needs so that they know which kind of measures they need to put in place to adhere to their insurer's terms.
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