An underwriter in the staff absence insurance sector supplies the provider with the financial capacity to pay school’s claims. Therefore, having a reputable underwriter with a good credit rating is imperative in allowing the provider to meet its financial obligations.
It is not uncommon in the staff absence insurance market for providers to be misleading, or even dishonest in relation to the level of cover they offer or the credit rating of the insurer that underwrites their policies.
Therefore, when taking out an insurance policy it is worth asking...
Which insurer underwrites your policy?
What credit rating do they have?
Can you provide documentation to demonstrate their ability to pay claims?
To address this issue, all our policies are underwritten by reputable and financially secure insurers, who have credit ratings of ‘AA-’ by the rating agency Standard and Poor’s. This makes our insurance one of the most financially secure in the market.
If you would like to know about our underwriters, please contact our Schools Team on 0800 862 0077, who will be happy to provide you with publicly available documentation to demonstrate our insurers ability to pay claims.