Insurance and Associated Services for Academies & Schools
Introduction
The Insurance and Associated Services for Academies & Schools framework, managed by Crescent Purchasing, is a structured procurement solution designed to provide UK schools and academies with access to essential insurance services. Categorised under Financial Services, this framework is a fixed-term agreement expiring on 9th June 2024. Its primary objective is to facilitate educational institutions in securing comprehensive insurance coverage and associated services, ensuring they can operate securely and with peace of mind.
Context & Use Case
Educational institutions, including academies, multi-academy trusts, maintained schools, and free schools, require robust insurance options to protect against a variety of risks. This framework serves as a direct response to these needs by offering a streamlined procurement route for obtaining necessary insurance services. By using this framework, schools can efficiently select and purchase insurance products either directly from reputable insurance providers or through specialised insurance brokers. This provides a structured alternative to the Department for Education's Risk Protection Arrangement (RPA), particularly for schools seeking more tailored or comprehensive coverage.
Scope of Services
The framework covers a broad spectrum of insurance services to meet the diverse needs of educational institutions. Typical services include: 1. Comprehensive property insurance, safeguarding against damages to school buildings and contents. 2. Employers’ and public liability insurance to protect against claims from employees and the public. 3. Professional indemnity insurance for protection against claims of professional negligence. 4. Personal accident and travel insurance for staff and students. 5. Additional coverage options for schools already participating in the RPA, addressing gaps not covered by the RPA.
Who Can Apply
This framework is designed for insurance providers and specialist insurance brokers who are capable of delivering tailored insurance solutions to the educational sector. Suppliers interested in applying should possess experience in the education sector and demonstrate the ability to offer comprehensive and competitive insurance products. As it is not a Dynamic Purchasing System (DPS), applications are not open throughout the lifetime of the framework, so interested suppliers should verify the current application status.
Buyer Benefits
For public sector buyers, using the Insurance and Associated Services for Academies & Schools framework offers several advantages. It ensures compliance with public procurement regulations, enabling schools to engage with pre-vetted suppliers who meet stringent quality and financial criteria. The framework also facilitates a quicker route to market, reducing the time and resources spent on procurement processes. By fostering competition among suppliers, it encourages better value for money and more comprehensive service offerings.
Lots
Not applicable
Next Steps
Suppliers interested in participating in this framework are advised to thoroughly review the specific requirements outlined by Crescent Purchasing. It is essential to understand the scope of services needed and ensure alignment with the framework’s objectives. For further details or inquiries, suppliers should contact Crescent Purchasing directly to gain the necessary insights and guidance.
How Biddable Can Help
Biddable is committed to supporting suppliers in navigating public sector procurement frameworks like the Insurance and Associated Services for Academies & Schools. We provide resources to help suppliers discover relevant opportunities, prepare compelling submissions, and maintain visibility across their procurement pipelines. Our aim is to facilitate a smooth and informed application process, enhancing suppliers' chances of success in public sector bidding.