Independent
Schools’ Mutual

Working together to protect our schools.

Through a detailed understanding of the sector, we can deliver outstanding cover and risk management to suit you and your school’s needs.

The Independent Schools’ Mutual will go live early in 2020.

Find out more

Contact Us to find out more





The Mutual

The Independent Schools’ Mutual is an alternative to existing commercial insurance products and services, designed specifically for independent schools.

Cover

The Mutual will offer a wide range of cover, at least the equivalent of that provided by market insurers. As a Member of the Mutual you will have the opportunity to influence the design of products to meet your needs.

Financial

The Mutual will meet mutual trading tax requirements and so will not pay corporation tax on future mutual trading surpluses. Cost efficiency is the Mutual’s aim and this drives long term pricing stability.

Transparency

Shared risk management, an overview of Members’ collective claims history and greater control over the claims process all help to reduce the incidence and cost of claims.

Trust

Mutuals aren’t a new idea; they have been around for hundreds of years. Whilst the concept is steeped in history, it’s more relevant today than it’s ever been. Hybrid discretionary mutuals are a tried and tested model.

Understanding

Schools are at the heart of the Mutual. The understanding of school operations, which the Managers, the supporting insurers and the membership, will bring to the Mutual creates a strong partnership and provides great insight into the risk and risk management requirements of schools.

Surplus

Any mutual trading surplus belong to the Members of the Mutual and must be used for the benefit of Members or as the Members may agree.

Types of cover

The Mutual will offer a wide range of cover, at least the equivalent of that provided by existing insurers.

Property

Employers’ Liability

Public and Products Liability

Cyber

Professional Indemnity

Occasional Business Use

Motor

Annual Travel

Property Owners

Business Interruption

Crime

Management Liability

Engineering

Legal Expenses

Pupil Insurance Schemes

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Testimonials

“

The Mutual will give its Members control over its protection. Transparency of data and claims handling will enable the Board to make informed decisions about the strategy of the Mutual and will allow for greater insight into the risk profile of the sector.

Ralph ArundelHarrow School
“

The Board intends that Independent Schools’ Mutual will aim to offer cost effective cover. It will match or surpass the breadth of cover and benefits available currently and ensure there is full-service support for advice and claims. The ISM will be owned by the schools who are its members and operated for their benefit, it is an exciting new initiative to help schools manage their costs and risks.

David RussellHarper Trust
“

The understanding of school operations is at the heart of the Mutual. The Mutual aims to create a strong partnership with its Members and give greater insight into the protection and risk management requirements of schools.

Rod CookQueen Elizabeth's Hospital School

The latest news

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March 3, 2020

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Case Study
March 2, 2020

The Liveries Companies’ Mutual

About The Liveries Companies’ Mutual Established in 1999 75 Members £2.4bn assets covered 850 claims managed £5.6m surpluses accumulated 100% Member retention Aviva is the principal insurer Access to recommended…
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Blog
May 20, 2019

CEO of AFM describes the opportunity the Independent Schools’ Mutual can bring to the sector.

The educational sector requires a rigorous and fair approach to insurance and risk management. It is more than just protecting buildings it is about the protecting students, staff and the…
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