Trade School Liability Insurance

Trade and service schools provide important services to their surrounding community and the students that attend there. Your primary business purpose is to help train students to learn specific trades and services so that they’re able to get a good paying job when they graduate. For your school to continue growing and prospering, it must provide excellent services to students while also keeping employees, partners and suppliers satisfied. While there are many details to attend to each day, one important area you should not neglect is general liability insurance for trade & service schools.

Bodily Injury Coverage

Bodily injury coverage is included in your general liability insurance policy as a way to protect your trade school and anyone who visits or attends. When students or visitors are on the premises of your school, accidents can happen that cause physical injuries. Bodily injury insurance is there to pay for the cost of emergency medical care, doctor’s visits, prescription medications and other care costs related to recovering from the injuries.

Property Damage Coverage

Property damages happen by accident as well, even when no one is physically injured. Property damages coverage is included in your general liability insurance for trade and service schools. When an accident occurs that causes damages or destruction to a customer’s, visitor’s or student’s personal property then this section of your insurance will pay to have that property repaired or replaced.

Products And Completed Operations Coverage

Your trade and service school may sell products in addition to providing services. When products are faulty or defective they can cause physical harm to a person who purchased them. That person may hold your company responsible for their injuries since they bought the product from you. Similar issues can arise when you provide services. After completing the services as requested, a customer may feel that something you did as part of your services caused them injuries or caused personal property damages. Products and completed operations protection is the section of your general liability insurance policy that deals with these types of problems.

Personal And Advertising Injury

Personal injury claims can arise from anyone at any time. A personal injury claim may include accusations of slander, defamation of character and similar claims. Advertising injury claims may arise if there is an error in your trade school advertisements, or if someone makes the claim that you were not authorized to use an image or a certain block of text. General liability insurance for trade and service schools protects you from these types of allegations with personal and advertising injury coverage.

Damage To Premises Rented To You

If your trade school rents buildings or properties to conduct business operations, you’ll need rental premises damage protection. General liability insurance can include coverage that provides this. Damage to premises rented to you will pay for the cost of repairs or replacements if your company causes damages or losses to the buildings and structures that you rent and lease.

Medical Expense Limit

Minor accidents and injuries can be taken care of through another section of your general liability insurance policy. Medical expense limit coverage allows you to pay for the cost of care or treatment when small accidents arise that creates minor injuries. This coverage helps your trade school avoid larger, more involved lawsuits and legal actions later.

Limits Of Liability Insurance

  • Each Occurrence – Your policy will limit the total amount of benefits that can be paid for each claim per person.
  • General Aggregate – A general aggregate is the total amount of benefits your policy will pay regardless of how many times claims are made. Once the total aggregate maximum limit is met, a general liability policy will be declare as exhausted and unable to pay additional claims.