Children’s Homes insurance and Children’s Schools insurance are regarded by the insurance industry as high risk and very specialised and are restricted to a limited number of Insurers.
Primary concerns are what is know as ‘long tail’ liability where claims arise years (and sometimes even decades) after the events – often concerning allegations of abuse – where difficulties tracking records and staff make defence of such claims extremely difficult.
Notwithstanding that, we believe that the high regulatory control from OFSTED and the generally high quality of establishments these days mean Children’s Homes and Schools (often combined as Children’s Residential Schools) are better than the perception and part of our role is to so convince Insurers.
The differences between Mistreatment and Abuse cover and Professional Indemnity and whether either or both should be on a ‘claims made’ or ‘claims occurred’ basis mean Children’s Homes and Children’s Schools should only use a broker with specialist knowledge in this field.
Aldium has that knowledge and expertise and, combined with our access to markets, can provide the appropriate advice and cover at extremely competitive prices.
Our generic Summary of Cover will give you a more detailed description of the cover, terms and restrictions you can typically expect.
Every quotation will be accompanied by a Key Facts Summary of the cover (and a full policy ion request) for the particular Insurer being recommended.
Want to meet the people who will provide the quotation and look after any insurances you entrust to us?
Want to see what our Clients say about us?