Swim School Insurance

General Liability is one of the most important aspects of an insurance policy for a swim school. This coverage protects you in the event that it is determined your negligence has led to a third-party injury or property damage. This protection will pay for expenses related to an incident, regardless of your case outcome.

This coverage is very important for any swim school but is particularly important for children’s swim schools. If legal proceedings for sexual abuse or molestation take place, they are often lengthy and very costly. Sexual Abuse and Molestation coverage protects you from having to pay out-of-pocket costs.

Any business that has paid staff should have some form of workers’ compensation insurance coverage. In the unfortunate event that an employee is injured while on the job, this coverage protects you from litigation by paying the worker’s medical fees and lost wages.

Any vehicles, including everything from a company vehicle to group transportation vans, that are owned and used by your business need commercial vehicle insurance coverage. Proper coverage should include insurance for accident-related incidents, collision damages, and non-collision damages.

Commercial Property Insurance covers your physical location including your pool(s). It provides protection from any physical losses you may experience from theft, damage, or other incidents. This prevents financial loss and even total loss in the event of something such as a fire or other devastating disaster.

Inland Marine coverage is something you may be less familiar with but is useful in protecting any commercial goods in transit or in the process of being transported. Examples of Inland Marine coverage include goods such as construction equipment, diagnostic equipment, pool pumps, filter cartridges, etc.

Umbrella Insurance is supplemental coverage that provides protection beyond your other liability coverage. If an incident occurs and you use the maximum amount of your primary liability coverage (such as commercial property insurance or general liability insurance), Umbrella Insurance covers outstanding debt related to the incident so that you are protected from devastating loss.

If you are accused of negligence and sued by a client, Professional insurance coverage protects you from losses related to litigation including damages awarded and defense costs.

All swim schools must use chemicals to care for their pools but several of the chemicals are considered to be hazardous to the environment. Pollution coverage protects you from liability for injury or death in the event that there is a spill that potentially causes environmental danger. Additionally, this insurance coverage provides for brownfield restoration and cleanup.

Every business has a website and therefore needs Cyber Insurance for protection in the event of cyberspace breaches including data destruction, extortion, theft, hacking, denial of service, and more. If a breach occurs that leads to litigation, your cyber insurance coverage will protect you against financial losses related to litigation.

Swim schools tend to have many employees that perform various roles and because of this, every swim school needs Employment Liability Insurance. This coverage benefits both you and your staff because it protects employees that are impacted by an illness or job-related injury that is not covered by workers’ compensation insurance. This coverage may be bundled with your workers’ compensation insurance.