At Schools UK, we understand the importance of protecting your educational institution and ensuring peace of mind when it comes to school staff absence insurance. As a trusted FCA Regulated School Staff Absence Insurance Intermediary, we are committed to upholding the highest standards of professionalism, compliance, and customer protection. In this blog post, we will explore the key financial reasons why Schools UK stands out as a reliable partner in providing comprehensive insurance solutions for schools and educational institutions.
Trusted, Compliant, Comprehensive Insurance
- ‘A’ Rated Insurer: Schools UK partners with an ‘A’ rated insurer, ensuring financial stability and a commitment to fulfilling our contractual obligations, providing you with confidence in the coverage we offer.
- Full FCA Approval: As an FCA Regulated Insurance Intermediary, Schools UK has obtained full approval from the Financial Conduct Authority. This demonstrates our compliance with regulatory standards and our dedication to acting in the best interests of our clients.
- Full FSCS Cover: With Schools UK, you benefit from the complete protection of the Financial Services Compensation Scheme (FSCS). In the unlikely event of our insolvency, eligible claims can be compensated up to the specified limits, providing an extra layer of security for your institution.
- Ombudsman Compliance: We adhere to the requirements set by the Financial Ombudsman Service, ensuring that any customer complaints or disputes are handled fairly, transparently, and efficiently. Your satisfaction and peace of mind are our top priorities.
- Professional Indemnity Cover: Schools UK maintains Professional Indemnity cover, offering protection in the event of a claim against the broker. This additional insurance layer safeguards your interests and reflects our commitment to addressing any unforeseen challenges.
- All Valid Claims Settled: When you partner with Schools UK, rest assured that all valid claims will be settled promptly and fairly. We believe in delivering on our promises and providing the necessary support during staff absences, allowing you to focus on the education and well-being of your students.
- Tax Fully Paid: As an ethical insurance provider, Schools UK operates with transparency and integrity. We ensure that all insurance premiums are appropriately taxed (IPT at 12%), and our profits are limited to the agreed commission, guaranteeing a fair and balanced approach.
- Solvency Reporting: To further demonstrate our financial strength and solvency, Schools UK annually discloses our profits to the Financial Conduct Authority through the Gabriel Report. This reporting reinforces our commitment to long-term stability and fosters your confidence in our services.
Conclusion: When it comes to school staff absence insurance, Schools UK stands as a trusted FCA Regulated Insurance Intermediary dedicated to providing reliable, compliant, and comprehensive insurance solutions to schools and educational institutions. With our A rated insurer, full regulatory approval, FSCS cover, Ombudsman compliance, and commitment to settling valid claims, we offer the peace of mind you deserve. Get a quote from Schools UK today and experience the difference of working with an ethical, reliable, and FCA regulated partner.
Get a quote from Schools UK today and experience the peace of mind of working with an FCA Regulated Insurance Intermediary.