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Essential coverages for your school
Protect also your property, equipment and inventory
All Basic plan benefits and:
All schools are responsible for the education of the students in their care, placing you at risk of lawsuits from unhappy parents or other family members. In the event of an injured employee, student or visitor it is important to have coverage for medical costs and potential legal fees. Keep everything running safe and sound with all the proper coverage.
Commercial Property insurance is an insurance policy that helps protect your business from the damage to your building due to a covered loss. Covered loss can be from a fire, vandalism or natural disaster. The policy can cover the loss of income or increase in expenses that result from property damage. Commercial Property insurance can cover owned or leased properties.
General Liability shields your business against many known and unknown risks. It protects your business and your employees from claims involving physical injury, property damage and advertising mistakes up to the limits of your policy. The insurance can cover the litigation, out-of-court settlements and judgments awarded by the court.
Umbrella Insurance protects your business from large and potentially expensive claims. It offers additional coverage on top of your existing insurance policies and will be in effect when your insurance policy reached its limits. It covers the expenses related to bodily injury, personal injury, property damage and other related risks and liabilities.
Workers' Compensation is a no-fault policy that provides financial support to employees who become sick or injured at work. Under the policy, the sick or injured employee is entitled to medical and rehabilitation benefits and lost wages. The employee is then relinquished of the right to sue the employer for negligence.
Professional Liability addresses lawsuits of people making a living out of their expertise. Your school is relied upon to teach students. If your curriculum fails to meet state-set standards and is sued because of it, Professional Liability insurance will help pay for the lawsuits when you are sued of not delivering the expected service, negligence, or any other mistakes.
Personal information of minors is a target of hackers and criminals because minors don't have monitored credit scores and identity theft. Since it's nearly untraceable, their identities could be used for loans, credit cards and more. When a data breach happens, Cyber Liability assists with resources to pay for credit monitoring, customer notification, lawsuits, and other related expenses.
Teachers spend their days with students, colleagues and parents. This makes them susceptible to diseases and viral infections. According to recent studies, roughly 7% of the teachers in the US face injury each year. This is due to the fact that some students are armed with a knife, a club or even a gun. The teacher could file a claim against the school for lack of professional recognition, discrimination, inadequate salary, etc. Schools usually face a case of sexual abuse either from teachers to their fellow workmates or teachers to the students. These are just some of the many risks that elementary and secondary schools face.
Your teachers should have Health Insurance and Workers' Compensation to help cover the expenses of the teacher's medical or rehabilitation expenses if they are sick or injured at work. For claims against their salary, employee discrimination, and other related cases, you'll need Employment Practices and Liability Insurance (EPLI). This will cover defense costs and other fees from employment-related issues.
For all other instances, you'll need to purchase an insurance that can cover most of the risks and liabilities that your business might face. Business Owners Policy (BOP) covers most of the common property and liability risks.
Sexual abuse claims are a common liability schools face. A General Liability will usually have this as an add-on and it is usually called abuse and molestation coverage. The policy will cover the defense and liability costs up to the liability limits of the insurance. The limits can go as high as three million dollars but if that is not enough, you can add more limits to your policy through Umbrella Insurance.
Professional Liability insurance is your safety net when the teachers are involved in a work-related lawsuit. This insurance will provide coverage to schools and school districts from the risks of legal consequences caused by their professional mistakes. For example, a school created a curriculum to improve math test scores; however, after implementation, the test score did not improve as expected. The school or district will be held liable and if sued, the Professional Liability insurance will cover the legal costs and the settlement amount up to the limit of the policy.
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