When we envisioned EducatorProtect, one of the key thoughts we had was that adding an additional insured should be easy and inexpensive. We felt like it was an important component of the insurance program.
The most important aspect of Professional Liability Insurance that no one ever asks about is the reporting of claims. While it is printed everywhere, no one ever asked about “Claims Made” reporting. Our coverage (as is that of all of our competitors) is written on claims made basis.
What are the real reasons that educators purchase insurance? I don't mean specific policy features or coverage details, but what drives them to seek insurance. Recently, someone asked me to discuss this, so I will share it for you.
Over the last few weeks, we have received many, many calls from educators looking to purchase insurance in preparation for their independent summer work. Given this increase, the next few “Minutes” will focus on ways (outside of purchasing insurance) to control their risks
One concept that we have alluded to often, but never discussed in detail, is the nature of teachers, who tutor on the side. While the concept is similar at public schools, it is at independent schools where the situation is most interesting.