This archive report was first published on 26 August 2019.
As the backbone of a nation's growth, schools and educational institutions are vulnerable to a myriad of risks that can be devastating to learners and staff alike. From the dangers of chemistry and biology labs to the ever-present threat of student unrest, the costs of damages and personal accidents can be crippling for parents and the government.
Despite the government's mandate for public schools to insure their buildings and buses, there is a pressing need to protect the lives of students and school workers. The lack of a well-modeled risk financing mechanism in the education sector means that parents bear the brunt of treatment costs for personal accidents.
According to Joyce Mathenge, Deputy General Manager at Kenindia Assurance, investing in school insurance is crucial for mitigating potential hazards.
