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StopLoss insurance

Our StopLoss insurance is specially designed for secondary schools and larger primary schools. It keeps insurance premiums more cost-effective by self-managing your chosen level of sickness cost before insurance kicks in.
 
An aggregate excess or StopLoss level is set for sickness costs which is self-managed by the school before any insurance cover becomes operative.  We call this your "buffer". We calculate the buffer by reviewing your past sickness records. The premium is based on teacher FTE.

Working example

• You tell us which categories of staff you would prefer to cover. Let’s say you want to cover teachers and no other staff
• You tell us a daily benefit you would prefer - the amount of money you want for each day a teacher is off sick. Let’s say you’d like to have £140 per day
• You choose an excess or waiting period - the number of days they are off sick before payment starts. Let’s say you choose a five-day excess period
• Having examined your past sickness records, our quote will ask that you cater for a certain level of teacher sickness before any insurance cover becomes operative. Let’s say that the level is calculated as £14,000.  This is your buffer
• You tell us about any incidences of teacher absence lasting longer than five days. For each day of absence above five days, £140 is deducted from your £14,000
• If your total sickness costs reach £14,000, we pay you £140 per day for each day an absence lasts longer than five days, until the policy expires
• If your sickness costs do not reach £14,000 you keep the under-spend to do with as your school pleases

Why we're different

• StopLoss insurance has been specially developed for secondary schools
• It allows you to manage a level of risk yourself
• You keep any under-spend
• No limit to the number of claims you can make
• You can cover all teaching and support staff
• Claims are processed quickly by our in-house dedicated claims team
• You are supported by the UK's longest-standing provider of Staff absence insurance

Get a quote

In order to complete our quote request form* you will need the following information:

• School address and contact details
• Staff FTE numbers
• Daily benefit and excess requirements (e.g. £150 daily benefit with a 3 day excess period)
• Staff absence history for the past two to three years.

*Please note the form is a quote request only, and as such will not automatically generate a premium. However we will get back to you with your quote as soon as we can.