What is Private School Insurance?
Operating a private school requires a significant amount of resources and comes with a significant amount of risk. In order to protect themselves and their resources, private schools in Massachusetts generally should have private school insurance.
Private school insurance is a specialized commercial insurance that’s designed for private schools. In order to offer schools multiple protections, these policies normally come as package policies that bundle coverages together.
How Much Are Premiums for Private School Policies?
Private school policies aren’t cheap, but they tend to fit within school budgets. A school’s campus size, number of students, age of students, number of teachers, bus service and extracurricular programs are merely a few of the factors that can affect policy premiums.
In some cases, schools may be able to get a premium discount for being a small school, not having buses, not having high-risk athletics or installing sprinklers. The particular actions that qualify for a premium reduction will depend on what discounts a particular insurer offers.