New research from Ecclesiastical Insurance reveals that a significant number of independent schools are engaging in new construction projects, with many adopting modern methods of construction (MMC).
Ecclesiastical is advising brokers to initiate discussions with their clients about the potential risks associated with these projects and the importance of early consultation with insurers.
The research, conducted by the specialist education insurer, indicates that 81% of independent schools are either constructing or planning to construct new buildings.
Ecclesiastical is highlighting the need for schools to be aware of the risks involved and is urging brokers to emphasise the importance of involving insurers at the early stages of any new construction project.
The survey of 250 independent school leaders across the UK found that 19% currently have construction underway, while 47% plan to construct new buildings within the next one to five years. An additional 15% are planning construction projects beyond a five-year horizon.
Ecclesiastical advises brokers to inform their clients that while building regulations primarily focus on life safety, insurers consider factors such as fire resistance and business continuity. The choice of building materials may offer short-term cost savings but could impact the long-term cost of insuring the building, making early engagement with insurers crucial.
The survey also found that over the next one to two years, independent schools are planning to invest in MMC (27%), solar PV to battery storage (26%), and buildings constructed from sustainable materials (26%).
While improving energy efficiency and sustainability is a priority for the independent education sector, Ecclesiastical warns that some sustainable materials may also be combustible, which could present additional risks.
Laura Carter (pictured above), customer segment director at Ecclesiastical Insurance, noted that as one of the leading insurers of independent schools in the UK, Ecclesiastical is committed to supporting the sector. She emphasised the role of brokers in helping schools understand the risks they face and ensuring appropriate coverage is in place.
Carter highlighted the importance of early consultation with all relevant parties, including insurers, when planning new school buildings or sustainability projects, to manage risks effectively.
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