When you’re operating a Christian school, you’re focused on creating strong bodies and minds for tomorrow’s ministry. You’ve dedicated your school to teaching God’s word and how to interpret the world around us. Your student’s minds are eager to learn and grow while living in the Word. The only thing left is to ensure your school is covered should something happen.
There are 5 important insurance coverages that all Christian schools and colleges need to have. Insurance is intended to protect your school should anything bad happen. In today’s world, your school, students, and staff will need protection from a range of things that can occur. Having the right insurance means your school and everyone there is safe and protected. Once it’s protected, you can focus on what really matters: developing your student’s minds.
Finding the right insurance is every bit as important as finding the right staff, books, and curriculum. The right insurance will help to protect your resources and everyone in your buildings. Property insurance can provide protection from many risks to your property and buildings including fire, damage due to weather, and even theft. Depending on your location, you may need to include flood insurance or earthquake insurance.
Should loss occur, the insurance company will replace or repair your property. When you obtain an insurance policy you will want to make sure to have appropriate limits that will cover all instances of damage. Be sure to check the perils your policy covers. This may limit what claims your policy will cover. Special perils is the best coverage.
2. Liability Insurance
Liability insurance helps to protect your school from lawsuits or other claims made against your school. Our society is very litigious. No Christian school or college should be without liability coverage. Your limits should be reviewed to make sure you are adequately covered.
3. Workers’ Compensation Insurance
Workers’ compensation insurance is required in Pennsylvania. This type of insurance helps to protect the school as an employer and has benefits for the injured worker. The employee can receive medical coverage, a percentage of lost wages related to a work injury.
This insurance only covers true work-related injuries. Most workers’ compensation claims are due to muscle injuries typically sustained from lifting heavy loads improperly or from falls, slips, or trips.
4. Student Medical Insurance
There are a wide range of options when choosing student medical insurance. Some policies have limited coverage, and some are omitted altogether. You need to contact your agent to see if your current policy covers students or not
5. Commercial Auto Insurance
Commercial auto insurance covers any vehicles owned or operated by the school. It provides for collision damage, uninsured and underinsured motorists, liability insurance, and other coverage for medical payments, towing, etc.