Why do Education Services need insurance?
While you help your students to build a future for themselves, we want to help you to protect the future of your business. You can protect your business with just a few clicks or a single phone call. You’ll also get multiple competitive quotes from some of South Africa’s leading insurers and get covered instantly.
What should I consider before purchasing insurance for my Education Services business?
Protecting your business from unexpected events and challenges is where business insurance comes into play, providing cover for when you need it most for things like buildings, content and public liability claims.
Fundamental Insurance for Education Services
Regularly selected insurance for Education Services
Insurance for Education Services
Buildings
Buildings are your most important asset. Buildings insurance can protect your business from unforeseen events such as fire, storm, earthquake, wind and more.
Contents
Contents insurance is designed to provide cover for your office contents (tables, chairs, cabinets, etc.). Those that want to can also cover machinery and stock when an insured event occurs – such as fire, storm or theft (only limited theft cover, for comprehensive theft cover see the Theft section).
Public Liability Insurance
Public Liability assists with the many possible accidents that could happen in an education environment. You should consider protecting your business with Public Liability insurance. Public Liability insurance is designed to provide protection for you and your business in the event that a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
Personal injury claims could arise from a child tripping over a small step or a parent slipping on a wet floor.
Cyber
Cyber Liability Insurance covers helps protect you against claims, chances are that you handle sensitive information about your students and clients, whether its their personal or billing information. Cyber also supports your profitability in the event of a cyber breach or attack.
Electronic Equipment
Electronic Equipment covers damage and loss to items noted. Many educational institutions depend upon a full range of electronic equipment which includes refrigeration systems, air conditioning, hot water heaters, and commercial grade sound systems. These high-value items need to be specifically included in your business insurance policy to protect you in case of accidental damage due to flood, fire, snow, hail, wind, impact, explosion, subsidence, as well as malicious damage or theft and damage caused by power surges or power dips.
Glass
Glass covers for damage or loss to internal and external glass. Many education organisations have multiple glass windows in their classrooms, and mirrors in their bathrooms. This glass is great for natural light and seeing dirt on little faces, but they have a high risk of breaking – especially when children and teenagers are around.
Theft
Theft is one of the most common claims education organisations file for. Your business might be the victim of theft or fraud from outside of your business or sometimes one of your employees may steal from you and you’ll need Employee Dishonesty cover. The right business insurance will cover you against acts of theft and fraud, whether these come from your own employees or from outside of your organisation.
Getting the Right Insurance for Education Services
Your education organisation is unique, having its own risks and insurance needs. Bi-me gives you access to multiple quotes to compare with some of South Africa’s top insurers, so you can choose the right cover to suit your business.
Our friendly team is only a phone call or a few clicks away to assist with getting your business covered in minutes.
Did you know?
Some schools are required by the governing body to have insurance cover. This is required to protect the continuity of the school if an unforeseen event occurs.
Could this happen to your business?
- Cricket catastrophe
A cricket ball from a school smashed into a passer-by’s face. The man was severely injured. Public Liability insurance covered the school for the legal claims arising from the event.
- Fire on the playground
A fire broke out at a nursery school. All of the children were evacuated, but one of the classrooms suffered severe damage.
Frequently asked questions
There are various covers which would be quite useful to have in place in an educational environment. At educational institutions there are many people entering and exiting the premises. There could be an accident due to the negligence of a staff member, and there could be a legal claim against the school. Protection for that can be covered under Public Liability. Cover for motor could also be needed if there are vehicles which are used to transport children or staff. If maintenance is done by the staff, such as mowing, the equipment would need to be covered in case of damage or loss. Included under the building insurance for schools would be the buildings themselves as well as gates, fences, hedges, fields, etc.
Yes, if there are different buildings on the same property they can added to the policy. If there are multiple addresses, you will need a separate policy for each address.
It depends on the Insurer. Some of our insurance partners require either buildings or contents to be taken, in order to have Public Liability cover – while others allow you to take it standalone.