Risk Management Partner (RMP) has teamed up with specialist insurer Ecclesiastical
to provide a new insurance solution to further education (FE) colleges.
The partnership’s bespoke risk management and insurance solution identifies and covers the specific needs of FE colleges, ensuring that they only pay for the protection they need.
Distributed through RMP’s broker network, the latest offering provides budgetary certainty as a rate guarantee agreement is offered for three years.
It also features low claims rebates, individually tailored suites of insurance cover and a combined risk management survey and buildings valuation service, at no additional cost.
RMP and Ecclesiastical
are confident that the product will enable FE colleges to reduce their total cost of risk.
Apart from budgeting certainty and low claims rebate, the product offers other benefits including cost and time-saving, single point of contact, and experienced, specialist claims handlers.
“Achieving value for money and budgetary certainty is absolutely paramount for today’s further education colleges faced, as they are, with the reality of reduced funding while still needing to invest further in talent and technology to stay ahead,” said RMP education director Michael Barnes.
“By pooling our expertise and decades of experience in providing both practical support and financial protection to educational establishments, RMP and Ecclesiastical
can help FE colleges manage their risk, freeing up budget to be invested elsewhere.”