Some art schools offer enrichment programs for secondary school students. The funding of art schools can be either public or privately funded or through alumni donations.

Having the right insurance will protect your business and your students or any other people who interact with your institution.

Cost of at school insurance

The price of a standard general liability for an art school insurance depends on the school’s location, the signs program offered, the number of employees, the revenue, and claims history.

Does an art school need insurance?

As an art school business owner, you are responsible for everything that happens in the institution. Some risks and hazards are associated with institutions of higher learning. Consequently, there are other risks that affect business generally. For example

• Cyber-crime
• Injuries to third parties and employees
• Damage to property
• Loss of income due to property damage

As the owner of the institution, you are liable for any injuries or damage that occur. Without the proper coverage for your learning institution, you risk running into financial losses in the event of a lawsuit or damage to your property.

Type of Arts School Insurance

An art school requires certain basic coverages. To find out the right coverage for your business, it is advisable to consult a professional insurance agent. It will ensure that your business is fully covered in case of any unforeseen circumstances. examples of insurance coverage include

General liability

This policy protects you at school from third-party claims of property damage and personal injuries. For example, if a student gets hurt within the school grounds, this policy covers the medical costs and legal fees And any settlement costs from that injury.

Commercial property

If your property gets damaged by vandalism, fire theft, or natural disasters, this policy will pay for the School’s repairs and losses. In case your school is damaged by fire, the policy will cover the cost of repairing the damage. However, if items cannot be repaired, the policy will pay to replace such items.

workers compensation

Carrying workers compensation policy ensures that your employees are protected in the event of a work-related injury. The policy covers the medical costs as well as the income lost during the medical treatment. For example, if a teacher got injured while teaching the students and is rushed to the hospital,  the policy will pay for the treatment of a teacher and replace the income lost during the treatment.

Errors and omissions (E&O)

Also known as professional liability, this policy covers your teachers, employees and all professionals associated with you at school. The policy covers claims of negligence or Inadequate work.

Commercial Auto insurance

If your school uses vehicles to run errands or pick and drop students, this policy covers repairs and replacement of the cars if they are involved in an accident.