Employment Practice Liability Insurance for Educational Institutions
It’s a fact of commercial life that claims and investigations are becoming increasingly common, and even winning a legal case can carry a very high price – in terms of costs. This applies as much in the education sector as elsewhere.
In association with AXA, we offer LB Protect-Ed: a management liability policy which is specifically adapted for the education sector. It offers comprehensive cover at a reasonable price – with no excess where our education legal advice is followed in relation to the matter giving rise to a claim. Click here for details of LB Advise-Ed service. Importantly, there is no ‘prospect of success’ clause in the policy – so even if our advice is not obtained or followed, the policy can still pay out.
What Is Covered?
- Costs, awards and settlements relating to employment tribunal claims
- Professional indemnity
- Costs, awards and settlements for any claim or regulatory action brought against any past, present or future governors, officers or employees
- Representation for any governor, officer or employee at an official investigation
- Claims against trustees, governors, officers or employees caused by the operation or administration of any employee benefit scheme or trust fund
- Crime - loss due to employee dishonesty, third party funds fraud, robbery, safe burglary, forgery, securities fraud, corporate card fraud, cheque forgery, counterfeit currency and criminal damage
- Claims caused by any cyber liability
- Costs incurred in contacting third parties where legally required to following a breach of data protection law
- Crisis public relations costs following sustained negative social media
- Costs in connection with pursuing or defending contract disputes or debt claims
- Costs in defending infringement of copyright claims
- Loss of paper or electronic documents
Cover is subject to indemnity limits and otherwise the full terms, conditions and exclusions of the policy wording, a copy of which is available on request.
For some examples of claims affecting educational establishments that LB Protect-Ed would provide cover against click here.