Often traditional schooling doesn’t provide enough individual attention or it needs additional learning supplementation to be truly effective. That’s where learning centers come in. They provide an invaluable service—knowledge and education for people from all walks of life.
Like any business, a learning center has its risks and liabilities. This includes not only professional liabilities, but also protections for students, parents, and any visitors. Let’s find out which insurances you need to protect your learning center from unnecessary risk.
One Size Doesn’t Fit Every Learning Center
Because your needs vary based on your class size, capabilities, and technologies, it’s difficult to just recommend a list of insurances. It’s best to learn what each coverage entails and talk to a knowledgeable agent who can guide you toward goals that make sense for your needs.
General Liability Insurance for Learning Centers
General liability insurance is a smart choice for any business, large or small, that has customers or visitors. This insurance protects against accidents like falls that occur on your property. This could be a student falling on a loose carpet or a guest falling on a wet floor. It also covers certain property damage.
Workers’ Compensation Insurance for Learning Centers
Your teachers, SAT test prep tutors, and other staff are the backbone of your company. Keep both you and them protected with workers’ compensation insurance. This affordable insurance covers employees from injuries that occur at the workplace like back injuries, repetitive motion injuries, or injuries from carrying supplies or children.
Commercial Auto Insurance for Learning Centers
If you have a vehicle that picks up kids or you use your own vehicle to pick up supplies for the learning center, you absolutely need commercial auto insurance. This protection covers vehicle damage and bodily injury for yourself and the other party in the event of an accident. It also covers theft and vandalism, which can be handy if you transport school supplies or electronics to and from the center.
Property Insurance for Learning Centers
Without a building, it’s pretty difficult to run any physical business let alone a learning center. If your building center were to catch fire or suffer any other covered peril, you’ll be reimbursed. If any of these occur, furniture, books, learning materials, and more may be covered with a commercial property insurance policy.
Crime Insurance for Learning Centers
Unfortunately, every business is at risk for a variety of crimes, even one as helpful to a community as a learning center. This also includes dishonest employee practices like committing fraud or embezzling money. Crime insurance protects you from the financial fallout of any of the above issues and will reimburse you for stolen money or property.
By choosing the right insurances, you make sure your learning center is protected against the unexpected.