Enrolled Learner Protection
•Enrolled Learner Protection (ELP) cover was
designed exclusively by Study & Protect and our underwriting partners to
meet the requirements set out by the Education Act 2012 and those of the Dept
of Justice as part of ILEP.
•The act calls for a Financial Instrument to
protect the interests of the enrolled students in the event of the unexpected
insolvency or closure of a privately owned education provider, or the provider’s
loss of accreditation.
•It is our firm belief that our products not
only meet but exceed the requirements of the act and deliver security,
convenience and value to students and education providers.
•Enrolled Learner Protection from Study &
Protect is the first product to offer a viable alternative to the expensive
purchase of a Financial Bond or similar products.
Accepted by QQI as eligible for validation Study
& Protect Insurance for your education Study & Protect By O’Driscoll O’Neil
FAQ’S
What is Enrolled Learner Protection
Insurance?
Enrolled Learner Protection Insurance means
that in the event that a college closes before the completion of your course
that the college providing the course must have a mechanism in place to either
ensure you are placed into another college to complete your course or for you
to receive a refund of fees last paid.
How does Enrolled Learner Protection
work?
Following payment of the premium to ODON by
the college on your behalf ODON will send through a certificate¬cate of insurance
to you con¬rming that you are on cover. This certificate¬cate will contain your
personal details and have a unique identi¬er for the policy. ODON will also
retain your email and telephone number in order to contact you directly should a
college closure occur.
Do I need to retain my certificate¬cate?
Yes, please retain your certificate¬cate.
This is your proof that you are insured and your course fees are protected. You
do not, however, need to produce this document in the event of a college
closure and a claim being made. If you have any questions in relation to your
insurance please contact ODON.
Who should I contact should my college
close?
Please contact ODON and quote your certificate¬cate
number and con¬rm your college name in the event of a claim. ODON and Hiscox
will then be able to assist you through the process of either relocating you
with another college or refunding the due fees.
Reasons to consider ELP
• Compliance with Education Act 2012 &
ILEP requirements
• No need to tie up vital Working Capital in
Financial Bonds
• No additional administration for your
organisation
• Cover rests with student, thus ensuring
they are fully protected
• Enhance the reputation and security of your
business
• ELP may enable education providers to
deliver unique courses and syllabi
Our experienced education team is available
to assist you in the process of joining the growing list of education providers
who are approved on the ELP programme.