School Insurance

No matter what type of school you have or the number of students enrolled, it is important to have General Liability insurance which protects you against an array of general hazards. If a third party is injured or property damage occurs and you are deemed negligent, this coverage would pay for medical fees and damages related to the incident.

Most schools work with children and should therefore have Sexual Abuse and Molestation Coverage. This coverage ensures that you do not have to pay out-of-pocket for legal fees in the event that there is litigation.

Disasters are unpredictable and if something like a fire, flood, or tornado causes damage to your school that forces a closure, Business Income Insurance provides a steady flow of income that mitigates your losses.

Your maintenance staff, teachers, front desk staff and everything in between make up the system that runs your school. This means that you will need to offer compensation in case of a job-related accident. This coverage helps to ensure that your company is safe from litigation, by covering a worker’s medical fees and lost wages if an accident were to take place.

If your school has vehicles of any type or size, including a school bus, you need Commercial Vehicle Insurance. It is important that your insurance policy covers accident-related incidents as well as collision and non-collision damages.

Whatever you use for your school property and offices must be covered by Commercial Property Insurance. In the event that something like fire, theft, wind or other things cause physical losses, this coverage protects you against financial losses. Physical losses include things like furniture, computers, desks, fences, signs, etc.

It is likely that your school may have to transport goods such as supplies, desks, and equipment. If commercial goods are damaged, lost, or stolen during transport or in the process of being transported, Inland Marine insurance pays for the goods up to policy limits which will eliminate or mitigate your losses.

Your primary insurance coverage provides coverage for incidents up to a policy maximum but if you experience a devastating loss that exceeds your maximum, Umbrella Insurance can prevent you from having to pay out-of-pocket. This added protection against loss is a useful risk management tool for many schools.

Every school strives to create a safe environment but even the most careful staff make mistakes and that is why it is important that your school has Professional insurance. In the event of litigation, this protects you from having to pay potential damages if they are awarded due to your negligence in a civil case. Additionally, if the legal actions against you are deemed groundless, this coverage may also pay for your legal defense fees.

Every school likely stores and uses substances that are considered to be environmental hazards including things like weed killers, chemicals in certain cleaning products, chemicals for classes, and more. Because of this, it is important that schools have Pollution Insurance that protects against having to pay damages and medical fees in the event of environmental incidents that result in injury or death. Additionally, this insurance pays for brownfield restoration and cleanup if needed.

Every modern school uses computer programs, online databases, and other online software to store student information, payment information, and other sensitive information including medical records. Unfortunately, cyber-attacks are incredibly common which is why it is very important that schools carry Cyber Insurance. This insurance protects you in the event of things like hacking, theft, data destruction, or other forms of cyber attacks.

Workers’ Compensation insurance protects you from liability and financial losses in the event that an employee suffers a workplace injury or illness. But, in the event that something occurs that is not covered by Workers’ Compensation, Employment Liability Insurance protects both you and your employees.