Learning The Hard Way

Industry: Education Exposure: 350 Students

Coverage Benefit: Broadened D&O Coverage, and Added Workers Compensation and Law Enforcement Legal Liability

Savings: 20% or $30,157

Insurance Problem

A private school did not have proper coverage for their computer equipment, protection against employee theft, or full workers compensation coverage. The current agent believed a WC policy would cost the school three times what their partial alternative cost them.

Risk Management Solution

We added coverage for their computer equipment and scheduled all of their buildings on a blanket property policy. We added a workers compensation policy that fully protects the school and the personal assets of key personnel and added a crime policy that protects against employee theft.

Results

The school saved enough money to purchase both a law enforcement legal liability policy and a broader directors & officers policy. Rather than being more expensive as their old agent predicted, our workers compensation policy cost them $1,500 less than their old partial alternative.