Working Space | Risk Management
Comprehensive school insurance If you are a State or State Integrated School you can choose to use the Ministry of Education Risk Management Scheme (RMS) for insurance of your school’s contents, liability and cyber risks. In doing so you will join the majority of eligible schools in New Zealand who are already members. Costs are extremely competitive too – the levy (premium) for the RMS gets taken out of your school’s operational funding each quarter. The levy is currently $10.50 per student/per annum and that hasn’t changed in 10 years. Joining the scheme is as simple as completing the form available on the Ministry website or calling Marsh. For things not covered by the RMS, you want to ensure your school’s insurances are arranged correctly, to minimise any overlaps or gaps in cover. Here’s where Marsh education specialists can help.
Marsh’s Ancillary School insurance programme Marsh is the appointed insurance broker to the Ministry of Education and also provide an ancillary school insurance programme, exclusively designed to wrap around the assets and risks which are not covered by the Ministry’s RMS. Marsh’s ancillary programme provides insurance cover for, amongst other things: • Board of trustees or community owned buildings, artificial turf, shade structures, Maori carvings, etc • Motor vehicles such as school vans and cars • Powered boats and yachts • Domestic dwellings cover for houses that are the responsibility of the school to insure • Travel (overseas cover for pupils and staff on educational or study trips) • Studentsafe International Pathway (travel and health insurance policy available exclusively for school and college students travelling to New Zealand to study)
• Cover for alterations to existing buildings or construction of new buildings not insured by the Ministry. In summary Having a combination of the Ministry’s RMS and Marsh ancillary insurances your Board can rest
Appointed insurance broker to the Ministry of Education From Contents, Liability and Cyber to Overcode Property and Vehicle, we have a team of professional brokers who are equipped to provide you with risk solutions fit for your business needs.
To find out more or for a quote, call us today 0800 29 30 31 Copyright © 2022 Marsh Limited. All rights reserved. S22-0458
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assured that critical risks have been identified and addressed and your total cost of risk has been minimised. For more information visit education.govt.nz, or marsh.com/ nz/industries/education.html. or contact Marsh 0800 29 30 31 (option 2).
