UMAL provides the widest protection available for Higher and Further Education institutions, covering risks ranging from Property, Business Interruption and Liabilities, to Clinical Trials, Governors’ Directors’ and Officers’ Liability and Travel.
Sometimes however, the nature or location of certain risks means that we turn to an established network of specialist providers – comprising insurance brokers and insurance companies – who we partner with to provide additional or complementary cover to that provided by UMAL. We access these specialist providers via HMSL, a wholly owned subsidiary of UMAL and a general insurance intermediary and mutual management services provider.
By providing this range of cover and specialist products, HMSL and UMAL combine to ensure our Members have the most comprehensive protection available to Higher and Further Education institutions – all supported by expert risk knowledge, advice and claims management.
HMSL is different to commercial insurance brokers as we focus entirely on the best interests of our Members instead of being driven by commission earnings . In the last 12 months we have returned over £300k of commission to our Members. We also place nearly £5m of premiums and services through HMSL which means we can pass on the benefit of bulk purchasing. This further reduces cost and saves time for Members who would otherwise have to arrange individual cover on their own, or pay for the services of a broker to arrange cover at standard market rates.