Insurance For Schools Vocational, Private, and Public

1. Commercial Property Insurance

Commercial property insurance offers coverage against any expenses that may occur due to damage to your property. This insurance covers all the repairs and replacement costs that may arise due to property damage due to a flood, earthquake, vandalism, theft, or a fire. 

Since schools have multiple buildings and units, you can opt for blanket commercial property insurance to cover all the buildings under your business. Your commercial property insurance covers all the contents in your school, including furniture, gym equipment, books, computerized equipment, lab equipment, printers, bleachers, gyms, classrooms, refreshment stands, and more.

Commercial property insurance for schools also covers the personal property of students and teachers. The policy also offers coverage for extra expenses, excluding normal operations. For instance, if classes have to be conducted elsewhere due to damage to a building, your commercial property insurance will cover the rent expenses incurred due to renting temporary classrooms. 

2. General Liability Insurance

General liability insurance protects your business against bodily injuries, property damage, or advertising injuries made to third parties as a direct result of your business operations. Let’s say a parent is injured at your school property due to a broken signboard, and they file a claim against you. You will be held responsible for covering their medical expenses and any property damage they may have suffered.

If you have a general liability insurance policy, it will cover all the medical expenses as well as the cost of property damage they may have faced. This is the most basic business insurance that every business holds to protect themselves against the most common types of claims. 

3. Educators’ Professional Liability Insurance

The educators’ professional liability insurance is designed for the protection of educators, counselors, administrators, and the support staff of a school. This type of policy covers the defense costs incurred due to a claim made by a student or their parents.

As an educator, your primary concern is to educate your students. However, you are always at risk of being wrongly accused of numerous indecent acts. Since these acts are very common in schools these days, claims and lawsuits are very common. 

That’s where your educators’ professional liability comes in. It offers coverage in the event that you are alleged to have caused damage or an injury to someone while carrying out your professional duties. Since you are the custodian of the students while they are in class, you have a lot of responsibility that leaves you exposed to all sorts of lawsuits.

Your educators’ professional liability protects you against claims made due to:

• An injury to a student caused under your supervision.
• Your failure to educate them.
• Your failure to give credit or promote students. 
• Violation of a student’s civil rights.
• Using improper methods of education.
• Accusations of harassment or abuse.
• Defense and settlement costs.
• Hiring unqualified individuals.