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Protect also your property, equipment and inventory
All Basic plan benefits and:
A student's education is of the utmost importance for any educational establishment; and anyone from professors to advisors and more, could ruin your name. There is also the possibility for destruction of buildings on your campus, or injury to an employee, student or visitor at any time. Because of these risks, you'll need different types of coverage to make sure the university grows and prospers.
Your business property can be at of risk perils such as fire, theft and natural disasters. When this happens, you'll be glad to have Commercial Property insurance. This insurance will cover the costs for the repair and rehabilitation of your business property and the contents in it.
General Liability insurance typically covers your business from claims involving property damage, bodily injuries and advertising mistakes resulting from your services, products, and operations. It can also cover your business when you are held liable for the damages of a business property.
Umbrella Liability is an insurance policy that adds extra liability and coverage on top of your existing insurance policies. It provides an additional layer of security for businesses who are at risk of being sued for the damage to other people's property or injuries caused to others in an accident.
Workers' Compensation is a required insurance plan that your school must provide to your employees. A state-mandated insurance, Workers' Comp provides medical and rehabilitation benefits to employees who are sick or injured on the job. It also provides employees the lost wages until they are able to work again. The employees waive the right to sue your business for negligence.
Shield yourself from lawsuits arising from your work through Professional Liability insurance. It focuses mainly on the lawsuits that arise from your professional services. The insurance shields you from third-party lawsuits like when you make mistakes or omissions, provided incomplete or unsatisfactory work, breach of contract and failure to perform the contracted duty.
Cyber Liability protects against data breach releasing customer information like account numbers, credit card numbers, health records and social security numbers. The insurance covers legal fees, customer notification, restoring customer identities, recovering compromised data, repairing damages to computers and more.
There are many risks colleges, universities and professional schools face during their business. Employees may claim unfair work practices, discrimination, failure to employ and failure to promote. Students can destroy or vandalize school properties. Mismanagement of the school's property can do a lot to the teachers and students, and could hugely affect your business. For example, when your school failed to cleanup one of the hallways and a student slips and falls. They could sue for the injuries. Your school could catch fire which could lead to property destruction. Natural disasters like storm could damage most of your school properties and rebuilding it would be a financial disaster.
Minimize the risk of slip and fall claims with routine check of the school's property, particularly in areas where students and staff will slip in areas like bathrooms. Make sure to have adequate fire extinguishers, especially in laboratories, where a fire is more likely to happen. Carry Health Insurance and/or Workers' Compensation insurance for your employees so that the risk of your employees filing an employer negligence lawsuit is low. Carry enough insurance to protect your business against property, liability and other risks.
A claim of sexual abuse against one of your personnel can possibly cost millions of dollars and would take less than a year to defend. You can protect your administrative staff against sexual abuse claims by carrying abuse and molestation liability. The insurance policy will cover the defense costs and indemnification up to the limits of the policy.
Your school's staff are prone to a lot of liability risks. If an administrator is accused of improper relations with a student, or other staff may not complete their jobs as contracted, then Professional Liability will provide coverage against lawsuits. There are many different potential situations on a college campus so contact our customer service to help determine which policy would be best for you to carry.
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