Educational institutions can be quite unique when it comes to insurance. Unlike other establishments, the educators and administrators in this industry must be mindful of the changing times and possible legal battles. These days, schools are seeing more lawsuits than ever before for an array of reasons. If you haven’t taken these factors into account with your own insurance policy, now is the time to consider how you can enhance your protection.
Assessing the Biggest Risks
There are a few key points to consider when it comes to educational public liability. While protecting your students is key, you must also take your staff into account. There may be a situation in the future where a member of your team feels he or she was wrongfully terminated. Should a legal battle follow, the right insurance coverage will ensure you have the funds you need to take care of the various costs associated with being in the courtroom. Other factors to think over when selective coverage includes:
- Student claims stemming from alleged dress code violations
- Employment-related discrimination
- Claims surrounding hiring practices
Develop a Comprehensive Plan
By thinking about all the risks your institution faces as it enters changing times, you can start to develop a sensible strategy for selecting insurance coverage. Weigh out the pros and cons of the options available and put together a policy that helps you feel protected.