New Ecclesiastical tool to ease broker risk discussion with educators

0

Ecclesiastical Insurance has launched a new risk-profiling tool for its education clients.

The risk tracker report, which was developed in collaboration with the education sector, provides clients with a grading for both property and liability risks such as fire prevention, building works, business interruption and safeguarding.

It will also provide clients with a clear list of actions, helping them to prioritise any improvements needed.

Faith Kitchen, education director at Ecclesiastical, commented: “It is in everyone’s interests to help clients minimise their risks. This is particularly important in the education sector, where children may be at risk if something goes wrong.”

Education clients will receive their risk tracker report following an onsite assessment from an Ecclesiastical specialist risk surveyor.

The new report makes this process more transparent to brokers and their clients, according to Ecclesiastical.

Alongside their current rating, clients will be given an indication of the grade they can achieve if they make the suggested improvements. It will also provide a benchmark grade for similar schools so the school can understand where they are in comparison to its peer group.

“One key feature of the new report is its ability to demonstrate the impact that the improvements will have on the clients grading,” Kitchen added. “This allows clients to see how their actions, some of which may be very simple, can help to reduce the risk of a significant future loss.”

“The risk tracker will facilitate conversations between brokers and their clients. Ultimately, we hope that providing this information will help brokers demonstrate the impact of making risk improvements to their clients and help clients understand their overall risk exposure to help gain support for risk improvement actions.”

Share.

About Author

Avatar

Mark Dugdale is the editor of Claims Media. Mark welcomes articles, letters or feedback from readers and can be reached via mark.dugdale@barkerbrooks.co.uk