For educational leaders, risk mitigation and management concerns encompass the entire institution. Risk threats facing an institution and the student body are often unpredictable and present significant safety, liability and financial exposures to the school community. Both independent school and university leadership find their risks multiplying, and the proactive management of them, through risk transference, financial protection and strategic policy, is vital to every institution’s success.
Simultaneously, the productivity, wellness and satisfaction of the faculty and operational staff is also critical. The education workforce is split into populations with diverse needs. Educators are often distinct in requiring special attention in the design of their benefits, insurance and retirement plans, while school and university staff necessitate programs aimed at productivity and contentment. In both cases, specialized benefit plans are essential in order to attract and retain the most qualified employees.
For the education leader tasked with risk management, insurance and employee benefits, these aspects play a critical role in the overall health, foundation and resiliency of an institution. The best organizations take a sophisticated approach to protecting against litigious action: reducing student safety risks and exposure, providing for the sustainability and viability of their infrastructure, equipment and R&D investments, complying with regulation and managing financial exposure.
Through years of working with prominent educational institutions, RCM&D recognizes the nuances and details of creating viable insurance, risk management and employee benefits strategies. Our Education Practice is dedicated to providing these organizations with comprehensive solutions designed and managed to meet their specific priorities and needs.
Ready to continue the conversation? We’d like to. We are eager to discuss your risk and benefits management challenges, your organizational goals, and your appetite for new solutions based on your unique business needs.