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School Commercial Insurance

Ruese Insurance Group School Commercial InsuranceSchool systems represent a wide range of insurance needs, extending beyond the basic property and liability protection. Below are some important coverages you should consider for your school system:





Property Insurance
Description - Insurance which indemnifies a person with an interest in physical property for its loss or the loss of its income-producing ability.

Example- You have a fire on your premises damaging your building, contents or property of others. This insurance will provide coverage up to the limits for each on your policy.

General Liability Insurance
Description - A liability contract designed to provide the owner of an operation with the liability protection needed for the special hazards that exist there. It includes liability for bodily injury, property damage, personal injury, advertising injury, and fire damage.

Example – A customer comes to your facility and slips on a patch of ice on the sidewalk into one of your buildings, breaking his or her arm. They file a lawsuit against your company and win. You are ordered to pay for the doctors bills. This payment would come out of your general liability insurance.

Business Auto Coverage
Description – Provides coverage for both your company’s vehicles and the liability a company may have from their driving exposures.

Example – You carry $1,000,000 liability coverage and comprehensive and collision coverage on your vehicles. While on a bus route your driver causes an accident with another vehicle. Your liability insurance would pay for the property damage and bodily injury for the other vehicle and your collision coverage would pay for the damage to your vehicle.

Inland Marine Insurance
Description - A branch of the insurance business which developed from the insuring of shipments which did not involve ocean voyages. Exposures eligible for this form of protection are coverage for goods in transit and property away from an insured location, such as machinery, equipment and tools.

Example – You have a lawn mower scheduled on your inland marine policy. While transporting the mower from one building to another the driver is in an accident damaging the lawn mower. This damage to the mower would be covered up to the limit listed on the inland marine policy.
Equipment Breakdown Coverage
Description – Helps protect you against the financial loss from the sudden accidental breakdown of machinery and equipment, including office equipment, heating and air conditioning systems, motors, electrical panels, production machinery, etc.

Example – A boiler blows in one of your buildings causing damage to the building. This coverage would cover both the building and the boiler itself.

Business Income & Extra Expense Coverage
Description - A commercial property form providing coverage for "indirect losses" resulting from property damage, such as loss of business income and extra expenses incurred.

Example – Your business has a fire, forcing you to shut down production and move to another facility until the damage is repaired. Even though your production has stopped you still have expenses that need to be paid such as taxes, loans & payroll. Business income coverage covers these normal expenses. While extra expense coverage provides for those “extra” expenses involved with changing locations such as rent of the temporary location and the cost of moving the equipment.

Crime Coverage
Description – A policy that protects you from employee theft, forgery and alterations, and left of money and securities.

Example - Your bookkeeper begins fraudulently changing credit card charge amounts and corresponding work orders. They then credit their own bank account and credit cards with the extra funds they charged to the company. This loss would be covered up the limit on the policy for employee theft.

Employment Practices Liability Insurance
Description – Protects you against the risks of employment practices claims such as discrimination, sexual harassment and wrongful termination.

Example – An employee files a sexual harassment suit against another employee and your company. The filing employee wins and receives a cash judgment. Your employment practices liability policy would cover both the legal costs and the judgment amount up to your policy limits.
Umbrella Liability Policy
Description - A liability policy designed to provide liability protection above and beyond that provided by standard liability contracts.

Example – Your company carries a $1,000,000 general liability policy and a $1,000,000 umbrella policy. You are sued for a general liability claim and the judge awards the plaintiff $1,200,000. Your general liability policy will cover the first $1,000,000. Your umbrella policy will then cover the remaining $200,000.


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