EDUCATIONAL INSTITUTIONS (Excerpted)

INCLUDING: Art Schools • Automobile Driving Schools • Beauty Schools • Blind Institutions • Business Colleges • Chiropractic Schools • Colleges • Dancing Schools • Deaf and Mute Institutions • Dental Schools • Dressmaking Schools • Junior Colleges • Kindergartens • Law Schools • Medical Schools • Military Schools • Music Schools • Preschools • Preparatory Schools • Private Schools • Public Schools • Real Estate Schools • Schools of Mortuary Science • Universities

The exposures of one individual educational institution may be totally different from those of another. Because of this, comprehensive surveys of each facility are needed to accurately determine the proper insurance program needed by each. While the exposures may be significantly different, they have the common component of educating a student and providing faculty that is competent and facilities that are safe for learning. Comprehensive property and liability insurance is crucial, as is protection and coverage for tuition income, athletic events, teachers’ liability and many other exposures.

Commercial Liability Coverages

The operations and exposures of educational facilities are not limited to their owned premises. Field trips and other off-site events and activities may expose the facility to lawsuits from students and the general public. A listing and evaluation of all known exposures is important and necessary to select the most appropriate coverage forms to cover those operations and exposures.

Commercial Auto Coverages

The automobile exposure for many educational institutions is limited but some may own vehicles to transport items around campus and for running errands. Still others may have extensive fleets consisting of a number of different vehicles used for different purposes including the transport of students.

Excess and Umbrella Coverages

Some educational facilities have very limited liability exposures. Others, especially larger ones, have numerous diverse and extensive holdings to protect and activities conducted that present severe exposures. However, because all involve students, one or more of the following policies should be used to provide excess coverage. The limits purchased will depend on the size of the institution and the extent of its assets and operations.

• Excess Liability Coverage
• Retroactive Excess Liability Coverage
• Umbrella Coverage

Specialty Coverages

Educational institutions are extremely varied in their makeup and exposures. Many different policies are available to assist them in covering their operations and exposures and to protect their assets.