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, providing a ‘one-stop shop’. 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 and insight of school operations and risk needs provided by the Managers, the Board and the membership creates a strong partnership.
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.
Testimonials
The latest news
