School Insurance: The Risk Management Solution for Colleges & K-12

When it comes to managing risk within educational environments, schools and colleges face unique challenges that require specialized insurance solutions to protect students, staff, operations, and property from unforeseen events. This is where a comprehensive school insurance package—including Sports and Student Accident Insurance, Accidental Death and Dismemberment (AD&D) Insurance, and General Liability Insurance—can come into play. A-G explains how these three types of plans play a crucial role in safeguarding educational institutions and those within their care.

The Top 3 Ways School Insurance Protects Your Institution

Insurance has long provided financial protection from the unexpected. But today, the right insurance plan can do even more to mitigate risk and provide protection when it includes additional features and benefits that form a more holistic, comprehensive package. When working together, Sports Accident Insurance, AD&D Insurance, and General Liability Insurance can provide your school with that critical safety net.

1. Sports and Student Accident Insurance

Accident insurance safeguards the well-being of students in K-12 schools, colleges, and universities. It provides coverage for out-of-pocket medical expenses arising from an injury and alleviates financial burdens on families. Injuries can be a significant expense, as a family’s annual responsibility for out-of-pocket medical expenses (including deductibles and copayments) averages $18,900 in 2024.

This insurance is available as:

• K-12 Student Accident Insurance and College Student Insurance that cover students from injuries suffered while at school or participating in a school event.
• Sports Accident Insurance (for both K-12 and colleges and universities) that protects student-athletes from the expenses due to injury occurring during organized sports activities. This is particularly important for schools with robust athletic programs, as injuries can occur frequently during practices or competitions. By having this coverage in place, schools can ensure injured students receive prompt medical attention without putting undue financial strain on their families.

With these accident insurance plans in place, schools cultivate an environment where students can thrive both academically and athletically, knowing that their health and safety are prioritized. And it diminishes the fear of financial repercussions from potential injuries.

2. AD&D Insurance

Accidental Death and Dismemberment (AD&D) Insurance offers critical financial protection in the unfortunate event of a severe injury or death. By providing compensation to families, this type of insurance alleviates some of the emotional and financial burdens associated with tragic incidents. Schools that implement AD&D coverage demonstrate a proactive approach to student safety, ensuring that they are prepared for unforeseen emergencies. This commitment can enhance families’ overall trust and confidence in the institution’s ability to safeguard their children.

A-G’s 24-Hour Student AD&D Insurance Plan goes further with two additional critical benefits:

These benefits provide resources for students and families affected by tragedies such as shootings or suicides.

• Crisis Management Benefits: These flexible benefits are specifically tailored to your school’s needs to help manage crisis situations on or off campus. For instance, they could include:
  • Counseling services for up to 10 close friends of a student who committed suicide.
  • Medical and counseling expenses for students who witnessed or were involved in violent acts.
  • Family support that covers travel, housing, and meal expenses for parents or immediate family members.
• Mental Health Benefits: These benefits address mental health concerns for college students, particularly student-athletes who face the pressures of athletic competition and commitment in addition to their academic requirements.

Integrating AD&D Insurance with crisis management and mental health benefits creates a robust safety net for students and schools alike. This comprehensive approach addresses the immediate physical risks associated with school activities and acknowledges the psychological impacts that may arise from accidents or crises.

3. General Liability Insurance

General Liability Insurance is a crucial component of a school’s risk management strategy, providing essential financial protection against claims that may arise from incidents occurring on school grounds or during school-sponsored activities.

This insurance protects both schools and students with coverage for:

• Bodily Injuries: General Liability Insurance typically covers bodily injury claims that happen on school property, such as slips and falls, sports-related injuries, or accidents during school events. (General Liability Insurance differs from the accident insurance discussed above, which covers out-of-pocket medical expenses.)
• Legal Defense Costs: General Liability Insurance covers legal defense costs if a claim is filed against a school due to an accident or injury.
• Property Damage: General Liability Insurance also covers property damage claims that may occur on school premises. This includes damage to the school’s property as well as damage caused by students or staff to third-party property during school activities.
• Events: General Liability Insurance protects schools from claims that may arise due to accidents or injuries occurring during sports, camps, fairs, and other events they may host.

General Liability Insurance offers additional features to round out your school’s coverage, including reputational damage protection and school bus liability.

Talk to A-G About Student Accident School Insurance for Your Institution

From kindergarten through college, managing risk is imperative for educational institutions to keep their students and campuses safe. A-G has been committed to protecting students and schools since 1983, and every day, we look for additional ways to make our insurance do more to reduce risk and to make insurance claims easier to handle.

We invite you to talk to us about your school insurance program and its needs—including K-12 Student Accident Insurance or College Sports Insurance—and to hear how we can design personalized plans that fit your unique needs. There’s no obligation. Just complete this form, and one of our program managers will contact you within 48 hours.

We look forward to talking about our three-way approach and how it can benefit your school.