Insurance for Teachers

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Why Teachers Need Insurance

As a teacher, you develop programs and guide individuals through life experiences they need assistance with. Whether you offer counseling, instruction for public speaking, or educational testing preparation, you need teacher insurance. Insurance for teachers is designed to protect you when mistakes or oversights negatively impact your students.

People that work within this industry provide services such as public speaking training, survival training, guidance counseling, educational testing evaluation, and educational consulting.

Risks Teachers Could Face

Educators face many risks. Here is a look at the most common:

  • Bad Advice: Students rely on you for sound advice that makes their lives better. Occasionally it’s possible that your well-intended advice can cost them. For example, if you offer educational consulting and recommend certain classes to get into college, but the college declines their application because the classes were too advanced and damaged their GPA, you can be sued.
  • Accusations of Molestation: Working one on one with students of any age allows for accusations of molestation or abuse. Even when the accusations are false, a defense lawyer and public relations firm are necessary. And both services are expensive.
  • Privacy Violations: You know you’re not supposed to discuss your student’s situation with others. Many teachers are tempted to discuss students with their spouses or close friends. If somebody over hears your conversation and reports it, a lawsuit, fines, and loss of your teaching certificate may follow.
  • Computer Hack: It’s common for teachers to store student information and files on a computer. If a hacker breaks into your network and compromises their information, you are responsible for an investigation, notifications, and any financial damages that occur.

Types of Coverage Teachers Need

In today’s litigious society, every teacher needs professional liability or errors and omissions insurance. If you drive a car to see students, you also need business auto insurance. If you have equipment or technology that you use for business purposes, you also need commercial property or a Business Owner’s Policy.

  • Business Owner’s Policy: This is a combination of general liability insurance and commercial property. It covers third party property damage, business property damage or theft, and injury to a third party claims.
  • Professional Liability: Protects you if your advice causes a student harm, damage, or misfortune.
  • Abuse & Molestation Liability: Pays to defend and settle accusations of abuse or molestation by one of your students.
  • Cyber Liability: Pays costs associated with a computer breach including notification requirements, investigation, public relations firms, and lawsuits that occur.
  • Business Auto Insurance: Covers costs that arise if you are involved and an auto accident including repairs to your car and third-party damage or injury.

How Much Does Insurance for Teachers Cost?

The cost of insurance for teachers varies because every insurance company evaluates teachers’ risk differently. Most want to know what you teach, if you use contracts, and what your past claims history is before calculating a premium. You can request an insurance quote today by completing our online quote form.

What type of insurance does this industry need?

Policy What is it? Why get it Popularity in your industry Want free quotes?
Professional Liability
This policy, common in the professional services industry, helps to protect your business if a client believes they've suffered a loss due to a mistake or error made in a professional capacity. Your business may have contracts with clients or partners that require Professional Liability coverage, provide a "warranty or guarantee," or have clauses that require you to "indemnify or hold harmless" your clients. If so, Professional Liability coverage is often recommended. This coverage is also commonly recommended for any businesses providing advice related to legal or financial matters.

What is it: This policy, common in the professional services industry, helps to protect your business if a client believes they've suffered a loss due to a mistake or error made in a professional capacity.

Why get it: Your business may have contracts with clients or partners that require Professional Liability coverage, provide a "warranty or guarantee," or have clauses that require you to "indemnify or hold harmless" your clients. If so, Professional Liability coverage is often recommended. This coverage is also commonly recommended for any businesses providing advice related to legal or financial matters.

Errors & Omissions (E&O)
This policy, common in the professional services industry, helps to protect your business if a client believes they've suffered a loss due to an error or omission on your part. Your business may have contracts with clients or partners that require E&O coverage, provide a "warranty or guarantee," or have clauses that require you to "indemnify or hold harmless" your clients. If so, E&O coverage is often recommended. This coverage is also commonly recommended for any businesses providing advice related to legal or financial matters.

What is it: This policy, common in the professional services industry, helps to protect your business if a client believes they've suffered a loss due to an error or omission on your part.

Why get it: Your business may have contracts with clients or partners that require E&O coverage, provide a "warranty or guarantee," or have clauses that require you to "indemnify or hold harmless" your clients. If so, E&O coverage is often recommended. This coverage is also commonly recommended for any businesses providing advice related to legal or financial matters.

General Liability
This policy protects your business in case of third party claims, such as bodily injury or property damage. For example, the common "slip-and-fall" claim would be covered by your General Liability policy. General Liability insurance is often considered to be the core coverage, particularly for businesses that regularly physically interact with customers or sell physical goods. In addition, many businesses have a contract, like a loan or a lease, requiring that they have this coverage.

What is it: This policy protects your business in case of third party claims, such as bodily injury or property damage. For example, the common "slip-and-fall" claim would be covered by your General Liability policy.

Why get it: General Liability insurance is often considered to be the core coverage, particularly for businesses that regularly physically interact with customers or sell physical goods. In addition, many businesses have a contract, like a loan or a lease, requiring that they have this coverage.

Commercial Property
This policy protects the business's physical assets and is appropriate whether you own or lease your space. Keep in mind that this policy will only offer protection in the case of covered events. If you need protection for certain scenarios, such as floods or earthquakes, you may need additional coverage. If you have a mortgage or a lease, you may be required to have property insurance. Even if you are not, this is the best way to protect the building you are in and the business property you have in case of a natural disaster or some other accident.

What is it: This policy protects the business's physical assets and is appropriate whether you own or lease your space. Keep in mind that this policy will only offer protection in the case of covered events. If you need protection for certain scenarios, such as floods or earthquakes, you may need additional coverage.

Why get it: If you have a mortgage or a lease, you may be required to have property insurance. Even if you are not, this is the best way to protect the building you are in and the business property you have in case of a natural disaster or some other accident.

Workers Compensation
Workers Compensation covers an employee's lost wages and the cost of resulting medical treatment if they suffer a work-related injury or disease. It also covers services needed to help the employee recover and return to work. Workers Compensation coverage is mandatory in most states. The number of employees after which it's required differs by state, but you will generally need coverage once you have employees.

What is it: Workers Compensation covers an employee's lost wages and the cost of resulting medical treatment if they suffer a work-related injury or disease. It also covers services needed to help the employee recover and return to work.

Why get it: Workers Compensation coverage is mandatory in most states. The number of employees after which it's required differs by state, but you will generally need coverage once you have employees.

Commercial Auto
Commercial Auto insurance provides coverages such as liability, collision, comprehensive, medical payments and uninsured motorist coverage. Any vehicle on the road must be insured, and any incidents that occur while a vehicle is being used for business purposes may not be covered by a personal auto policy. That's why it is so important to make sure you have Commercial Auto insurance for any vehicles owned by the business.

What is it: Commercial Auto insurance provides coverages such as liability, collision, comprehensive, medical payments and uninsured motorist coverage.

Why get it: Any vehicle on the road must be insured, and any incidents that occur while a vehicle is being used for business purposes may not be covered by a personal auto policy. That's why it is so important to make sure you have Commercial Auto insurance for any vehicles owned by the business.

Umbrella Insurance
Umbrella insurance offers excess liability protection in the case that your General Liability, Commercial Auto Liability, and/or Employer's Liability coverage is insufficient. It essentially acts as a "back-up" plan, providing additional financial protection in the case that your business faces a particularly large claim that exceeds a single policy's limits. This policy can be particularly valuable for a business that faces a variety of risks and has multiple liability policies.

What is it: Umbrella insurance offers excess liability protection in the case that your General Liability, Commercial Auto Liability, and/or Employer's Liability coverage is insufficient. It essentially acts as a "back-up" plan, providing additional financial protection in the case that your business faces a particularly large claim that exceeds a single policy's limits.

Why get it: This policy can be particularly valuable for a business that faces a variety of risks and has multiple liability policies.

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