A NEW INSURANCE PRODUCT
TO PROTECT THE SCHOOL
FEE INCOME OF AUSTRALIAN
Eastern Equity Insurance Brokers now offers an innovative new insurance product designed to bring more certainty and protection of school fee income for private schools in Australia. This minimises the need for bad debt provision in the case of a fee-paying parent being unable to work due to unemployment, sickness and/or accident.
The benefits of our School Fee Protection Cover include:
Greater certainty of school fee income
Reduces the need for bad debt provision and debt management
Ensures students remain in school
Supports and maintains the school community
Support relief parents and children
Cover is insured by Lloyds of London with an A+ Standard and Poor’s Rating
The Policy is purchased by the school to protect their total fee income with the cost funded through the school fee structure which is potentially generating a new income stream for the school.
There are flexible cover options with variable excesses and policy benefits paid for a maximum of either 6 or 12 months, or until the parent returns to work.
Rates differ depending on the size of the school. There are flexible cover options with variable excesses (including a ‘back-to-day-one’ cover option with no excess at all), and policy benefits are paid for a maximum of either 6 or 12 months, or until the parent returns to work.
We are able to offer competitive and flexible pricing structures, which take into account your school profile and location, your student numbers and fee levels.