Why should an Academy use a Broker

Key Considerations

A Broker will:

Advise on policies you require and point out areas of insurance protection you haven't considered.
Undertake a full broking excercise to meet EU procurement requirements.
Provide a choice of insurers best suited to your risk and cover requirements - Some policies for unusual risks may only available through a broker.
Continually review potential risks to the Academy's revenue and make amendments to the existing portfolio structure to reflect the changing risk.
Ensure that you meet statutory requirements and have adequate cover for assets either owned or held in Trust.
Advise the Academy staff and Governors on insurance and Risk management related issues. Provide an easy to read summary of insurance for the relevant members of staff and governers.
Negotiate claim settlements on your behalf.