Private School Insurance Policies: Liability Insurance, Workers' Comp, And Group Benefits
As a private school administrator, you are responsible for the safety and well-being of everyone on your campus – students, staff, and faculty alike. You also have a responsibility to protect the school’s finances. That’s where our private schools insurance program comes in.
Integrity Now Insurance Brokers works with Christian schools to help them find affordable private school insurance coverage that provides comprehensive protection. As a Christian-owned insurance agency, we strive to provide the best coverage and service possible.
Learn more about what insurance your private school insurance program must have to protect itself.
Types Of Private Schools We Insure
1. Faith-Based Private Schools
Faith-based private schools, like all private schools, face many risks that require insurance coverage. These schools must protect themselves against property damage, liability, and workers’ compensation claims.
- Property insurance is essential for covering damage to buildings, equipment, and other assets.
- Liability insurance is necessary to protect against lawsuits from students, parents, and employees.
- In most states, workers’ compensation insurance is required by law to provide benefits to employees who are injured or become ill on the job.
Faith-based schools may also face unique risks due to their religious affiliation, such as scandals or controversies that attract media attention. Extra liability insurance can help alleviate these risks.
Insurance coverage for faith-based private schools should be tailored to each school’s specific needs, including the school’s size and the types of programs offered. Working with an independent insurance agent specializing in faith-based schools can help protect your organization and find the right coverage at a reasonable price.
2. Private Jr. High And High Schools Insurance Program
Private junior high and high schools face unique risks and liabilities, including student accidents and disciplinary issues. To protect against these risks, Integrity Now Insurance Brokers structure small private school insurance programs tailored to their specific needs.
Our private school insurance may include the following insurance coverage:
- Commercial property insurance
- General liability insurance
- Legal liability insurance
- Abuse and molestation insurance
- Educator liability insurance
- EPLI insurance coverage
- Mission trip insurance for private schools
- Cyber and data breach insurance
- Student accident insurance policy
Insurance and risk management solutions for private Christian schools can be tailored to meet the needs of nonprofit private schools, including boarding schools, religious-affiliated schools, and those serving special needs students.
With over 11 million K-12 students enrolled in private schools in the US, private schools need robust insurance coverage to protect themselves and their students and athletics programs.
3. Private Elementary Schools
Private elementary schools offer benefits such as personalized education, art training, smaller class sizes, and religious education that public schools cannot always provide. As a result, private elementary schools are in high demand, with nearly 6 million students enrolled in almost 35,000 private schools in the US.
Our private school insurance agency covers various Christian elementary schools throughout the US, including California, Arizona, Washington, Texas, Ohio, Georgia, Montana, and more. Private schools face unique risks, so having the right property and liability insurance coverage to protect against potential catastrophes is essential.
Our private elementary school insurance agency can help obtain the appropriate insurance policies, such as liability insurance, commercial property insurance, and umbrella liability insurance for religious schools.
4. Faith Based Preschools
Faith-based preschools face unique risks and challenges; insurance coverage is essential to protect against these risks. Integrity Now Insurance Brokers offers customized faith-based insurance package programs that provide peace of mind to small Christian preschools.
Our insurance policies cover general liability, property, and accident insurance plans. Faith-based preschools that are a ministry of their church or other places of worship combine commercial property and general liability insurance to save money.
Faith-based preschools can ensure the safety and protection of their students, school facilities, and preschool employees with our insurance policies. Contact us today and request a quote so we can save you money on your small faith based preschool insurance program.
5. Montessori schools
Integrity Now Insurance Brokers help protect Montessori schools with our Montessori schools insurance program. Montessori schools often have a hands-on learning approach that can lead to accidents and injuries to employees and students.
A well-crafted Montessori school insurance plan must cover the legal costs of your board of directors, business personal property, workers’ compensation insurance for Montessori schools, and employee benefits to include health insurance, dental, and vision coverage,
Working with a Montessori school insurance broker who has access to insurance providers that understands the unique needs of Montessori schools is essential to ensure tailored coverage options. Some insurance providers offer customizable plans to address the specific risks associated with Montessori schools, such as coverage for field trips and off-campus activities.
Montessori schools need to gain access to the right insurance products to cover their unique challenges and create a comprehensive insurance plan. Your school’s kids, employees, and volunteers deserve the best protection, so it’s essential to ensure you get the coverage you need.
6. Private School Academies
Our insurance coverage caters to various types of private school academies, including religious schools, charter schools, special needs schools, and schools for minorities and specialized education across the United States. Private schools face unique risks, such as the responsibility for children’s lives, which traditional businesses do not face.
Therefore, private schools must have the right private school academies insurance policies to protect themselves against these risks. Our insurance and risk management solutions are designed to address schools’ specific challenges, manage liability risks, and stem losses.
We offer tailored private school academy insurance programs to meet the needs of private schools, including property insurance, liability insurance, and employee benefits liability insurance, which can provide schools with peace of mind during challenging situations.
7. Private School Athletic Insurance Programs
Our insurance program for private schools covers a range of athletic programs and activities. These include traditional sports such as basketball, football, and soccer and non-traditional activities like cheerleading.
Most general liability insurance companies will require schools to carry a separate student accident insurance policy to cover injuries on sports teams sponsored by a private school athletics department. Specific requirements and restrictions for coverage may vary depending on the school’s policy and the program’s individual needs.
Optional benefits such as Sports Accidents insurance coverage can help protect athletes from covered injuries sustained while playing and practicing.
Types Of Private School Insurance Coverages
1. General Liability Insurance For Private Schools
General Liability Insurance is crucial coverage for private schools as it protects against claims of negligence involving bodily injury, property damage, personal and advertising injury, cyber liability, sexual misconduct, catastrophic violence, and more.
As your private school insurance agent, we will follow a structured approach by doing the following:
- Assess the risks associated with the private school’s operations
- Identify the required coverages
- Determining the coverage limits needed to protect the school adequately
- Evaluate different private school insurance providers and policies to ensure the best fit for the private school’s needs.
It is vital to select a private school insurance company with a strong reputation, experience in the education industry, and a comprehensive understanding of the unique risks faced by private schools.
2. Property Coverage
Property Coverage protects private schools against losses due to fire, theft, weather, and other risks. This coverage can include coverage for the structure of the school, personal property, business income, extra expenses, equipment breakdown, water damage coverage, and other specific causes of loss.
3. Workers’ Compensation Insurance
Workers’ Compensation Insurance for private schools provides medical benefits and wage replacement to employees who are injured while on the job. This policy is crucial for private schools as it protects them from shouldering the financial burden of injured staff members’ medical bills and liability lawsuits.
4. Business Automobile Liability Insurance
Many private schools own 15-passenger vans and businesses that require Automobile Insurance coverage that protects the school’s vehicles from accidents and theft. This insurance also includes liability coverage, which protects against physical damage and bodily injury resulting from a vehicle incident.
5. Teachers’ Professional Liability Insurance
Teachers’ Professional Liability Insurance, also known as Educators’ Legal Liability Insurance, is crucial for private schools as it covers instances where the school is accused of making a mistake that impacts a child’s future, such as poor grades resulting from negligent behavior on the part of the teacher. Without this coverage, private schools may face lawsuits that could result in the closure of their private schools due to uncovered insurance exposure.
6. Employment Practice Liability Insurance
Employment Practice Liability Insurance (EPLI) protects private schools against claims related to employment practices. Claims such as discrimination, wrongful termination, or sexual harassment can result in expensive lawsuits.
EPLI helps schools cover the costs of legal fees, settlements, or judgments if they are found liable. For example, if a school staff member is laid off and claims wrongful termination, an EPLI policy can help cover the costs of a potential lawsuit.
7. Abuse and Molestation Insurance For Private Schools
Abuse and molestation insurance is crucial for private schools as it provides coverage for the actual, alleged, or threatened abuse or molestation of any person while under the school’s supervision. This coverage is essential because private schools are responsible for the safety and well-being of their students, and any incidents of abuse or molestation can result in significant financial and reputational damage.
8. Directors and Officers Insurance
Directors and Officers Insurance, or D&O Insurance, is a type of coverage specifically designed for private schools to protect their board of directors and other leadership from legal and financial risks.
9. Student Accident Insurance Policy
The Student Accident Insurance Policy for private schools is designed to provide comprehensive coverage for students of all ages in the event of an accident or injury. This policy covers a broad range of accidents, including those on school grounds, during field trips, while traveling abroad, or while participating in sports activities.
10. Umbrella Insurance
Extra liability insurance may be required to cover the accident when a private school faces a bodily injury or property damage claim. An umbrella insurance policy provides additional liability insurance coverage beyond what other policies cover in the event of a lawsuit.
All private schools must purchase this coverage because the potential risks are significant. The insurance needs of private schools vary depending on their size and scope, so it is essential to consult with an insurance expert to determine the appropriate coverage.
In a catastrophic incident involving a school bus, resulting in a sizable lawsuit, the compensation awarded may exceed the coverage limit provided by the commercial auto insurance policy. This is where umbrella insurance bridges the financial gap and provides the necessary funds.
Talk with our private school insurance agents to learn more about our insurance services and how best to protect your private school.
11. Earthquake & Flood Insurance
Private schools located in earthquake or flood-prone areas can protect themselves from the financial losses that earthquakes and floods can cause by purchasing specialized insurance policies.
Earthquake insurance covers damages caused by earthquakes, including structural damage, loss of personal property, and business interruption. On the other hand, flood insurance covers damages caused by flooding, such as water damage to buildings, equipment, and other physical property.
The cost of earthquake and flood insurance varies depending on the school’s location, the value of the insured property, and the level of coverage needed. Standard commercial property insurance policies for Private schools do not cover these types of losses; separate policies must be purchased.
12. Group Health Insurance for Private Schools
As a private school, your teachers and their families are essential to the organization and the students. They deserve to have the needed health insurance coverage.
These plans offer a range of benefits, including preventive care, medical treatment, prescription drug coverage, and mental health services. Private schools can choose from a variety of coverage options to include:
- Health maintenance organizations (HMOs)
- Preferred provider organizations (PPOs)
- Point of service (POS) plans
- Group dental insurance
- Group vision insurance plans
- Short-term and Long-term disability benefits
- Group life insurance
13. Employee Benefits Liability
Employee Benefits Liability coverage protects private schools and their benefit plan fiduciaries from risks not covered under directors and officers (D&O), employment practices liability (EPL), and ELL policies. This coverage protects past, present, and future directors, trustees, officers, employees, and any other fiduciary of a covered plan.
Situations where this coverage may come into play include breach of fiduciary duty for plans including trustee benefits, welfare benefits, pensions, 401(k), 403(b) and other retirement plans, excess and fringe benefits, errors and omissions (E&O) in benefit plan administration such as counseling employees and beneficiaries, interpreting and handling records, and enrollment errors or cancellation of employees.
What Are The Benefits Of Having Private School Insurance?
Private school insurance is essential for protecting against potential risks and unforeseen circumstances that can arise in educational institutions. Private schools face as many risks as traditional businesses but with unique circumstances.
Therefore, having the right insurance policies is crucial to protect against property damage, liability, and workers’ compensation claims.
Private school insurance can protect against unforeseen circumstances, such as a student getting injured during a sports activity, a natural disaster destroying school property, or a lawsuit against the school for discrimination.
Private schools should consider their specific needs and budget when selecting insurance coverage. Working with an independent insurance agency like Integrity Now Insurance Brokers, who can help find the best coverage options and discounts available, is essential.
It is crucial to regularly review and update insurance policies to ensure that they continue to meet the school’s evolving needs. Our private school insurance brokers will assist you in reviewing your insurance coverage and adding or removing coverages.
How To Find The Best Coverage Package For Your Private School Budget?
Private school administrators should take the following steps to find the best types of insurance coverage for their school’s budget:
- Research different policies and insurance providers, including independent insurance agents specializing in private school insurance.
- Assess the school’s risks and coverage needs, considering factors such as the school’s size, the number of students, the number of teachers, and whether the school operates buses or offers athletics and special programs.
- Compare the costs and benefits of different policies and providers, including premiums, deductibles, coverage limits, and exclusions.
- Consider custom religious school insurance programs that address various exposures associated with school operations, such as protecting people, facilities, activities, and missions.
- Find an independent insurance agent with experience insuring private schools, such as Integrity Now Insurance Brokers.
Private School Insurance Agency
Integrity Now Insurance Brokers is a private school insurance agency that provides insurance coverage for private schools across the United States. We tailor our private school insurance programs to meet the unique needs of each school, including property, liability, and workers’ compensation insurance.
Private schools have unique insurance needs and face different risks than public schools. Private schools often have more flexibility in their curriculum, including activities such as horseback riding, rock climbing, surfing, and other high-risk activities.
These activities increase the likelihood of accidents, injuries, and liability claims. Additionally, private schools often have more valuable assets, such as high-tech equipment, art collections, and historic buildings requiring specialized coverage.
With over 20 years of experience, Integrity Now Insurance Brokers has established itself as a reliable and trustworthy partner for private schools. We understand the importance of protecting these institutions and work tirelessly to ensure our clients receive the best protection.
In addition to insurance coverage, our specialized insurance companies offer risk management services to help schools identify and mitigate potential risks. Contact us for a free insurance risk evaluation today for private schools looking for comprehensive coverage and exceptional service.