Understand Your Vancouver School Insurance Options
Vancouver is a robust, diverse metropolitan area that boasts international education and business opportunities, moderate temperatures and a thriving public transportation system. The leaders of Canada often begin school in our K-12 institutions. If you are in the position of purchasing Vancouver school insurance for a private or independent institution, you may feel overwhelmed with your options.
The importance of selecting insurance becomes clear when you consider that locals have their pick of high-quality schools for their children. With over 20 excellent private schools in Vancouver offering selective admission, you must stay competitive in all areas.
It's important to do everything you can to ensure parents, students and faculty that your Vancouver school follows the British Columbia Ministry of Education's curriculum regulations and that you are doing everything you can to provide them with a safety net comparable to local public schools. Learn what you need to know when purchasing school insurance.
What Vancouver School Insurance Covers
Schools are unique in that faculty and staff are entrusted with the care and well-being of minors (who are not their own dependants). Liability insurance can protect your institution in the following scenarios:
- Faculty coverage can help care for your educators' careers, sabbaticals and retirement plans.
- School insurance can protect interns who are of secondary school age.
- Educational insurance can help cover school counselling for students' emotional and behavioural needs.
- General liability coverage can protect students who were disciplined inappropriately by an employee.
Why You Should Purchase School Insurance
School insurance is an important cornerstone of your institution and your plan for the continued well-being of those in your employ as well as the minors in their care. Consider these reasons for investing in high-quality insurance for your school, its personnel and its students.
1. To Care for Your School Building and Vehicles
The school building can sustain a lot of damage throughout the school year, and so can your school-owned vehicles. Protect these assets to keep them comfortable and safe for the children and teens in your care. Vancouver school insurance may cover property damage, auto liability insurance and security guard coverage for schools that need it.
2. To Protect Students Who Play Sports
Sports injuries are common, but your anxiety at not being able to help your students play sports safely shouldn't factor into this equation. If your private or independent school allows for multiple sports teams and leagues, it's imperative that you have educational insurance coverage to protect these students.
3. To Help Your Faculty Teach and Retire Comfortably
You may offer a wealth of opportunities for your faculty to attract them to your posted teaching positions. If you allow for sabbaticals, send faculty abroad or offer retirement plans, it's important to carefully review your coverage options for Vancouver school insurance before making promises to your faculty.
The Dangers of Opting Out of School Insurance
Suppose you decide not to purchase school insurance. In that case, you're at risk for absorbing 100% of the liability should a student get injured on your property or while playing sports. You would also be responsible for covering issues with teacher discipline if there is a parental dispute. You would have to seek out options for protecting your faculty as they travel.
Though you could plan for numerous outcomes when operating an educational institution, you can't foresee every accident, accusation or injury on your property. Getting insurance upfront is the wisest choice.