Policies tailored to meet Member needs
The Pool’s policy is specifically tailored to public school entities and provides coverage unique to their needs. The core policy consists of six sections which are briefly described below.
Property Total Insured Value (TIV), limits up to $1,000,000,000. Provides coverage to damage caused to the Member’s property. This form details the coverage limits and deductibles, CSDSIP’s Per Occurrence Limits and Sublimits, specified coverages such as damage to non-owned property, exclusions, definitions, duties of the insured and an explanation of loss adjustment. This form is a Special Causes of Loss Form and includes a Builder’s Risk limit.
School Entity Liability Coverage
Coverage limits available from $2,000,000 up to $10,000,000. Combines General Liability, School Leaders Wrongful Act and Employment Wrongful Act Coverage in one coverage form. This form details who is insured, limit of coverage, defense limits, medical payments, exclusions and definitions.
Employee Benefits Liability Coverage
Coverage limits of $250,000. Covers negligent acts, errors or omissions of the insured or any person for whose acts the insured is legally liable in the administration of the Member’s employee benefit program.
School Auto Coverage
Coverage limits available from $2,000,000 up to $10,000,000. Combines Auto Physical Damage, Terminal and Auto Liability coverage in one coverage form. This form details who is insured, coverage limits, medical payments, hired and non-owned coverage, fleet automatic coverage, defense limits, exclusions and definitions.
School Crisis Act Coverage
Coverage limits of $250,000. Covers violent acts which take place on the Member’s premises, subject to qualification and exclusions based on definition included within the coverage form. This form details who is insured, coverage limits, exclusions, and definitions.
Nuclear, Chemical, Biological & Biochemical Acts of Terrorism Coverage
Coverage limits of $10,000,000. Supplementary coverage provided for defined acts of terrorism resulting in the release of chemical, biochemical, biological or nuclear agents or materials. Coverage includes property and business income. Combined liability is included on a claims made basis. This form details limits of coverage, covered causes of loss, duties of the insured, exclusions and definitions.
Members can also select additional coverages, some requiring nominal additional contribution.
Equipment Breakdown Coverage
Total limit per breakdown $250,000,000. Provides coverage for property loss or damage caused by the breakdown of covered equipment. This form details limits of coverage, covered causes of loss, duties of the insured, perishable goods coverage, exclusions and definitions.
Primary & Excess Crime Coverage
Primary coverage limits of $100,000 and supplementary Excess coverage limits of $900,000 provides total combined coverage limits of $1,000,000. Provides coverage for losses incurred as a result of theft of money or securities. This form details limits of coverage for each employee and public official as well as coverage limits for forgery, computer fraud and theft of money. Sublimited coverage provided for cyber deception claims. Also includes conditions, exclusions and definitions. This coverage is often used in lieu of surety bonding amongst our Members.
Pollution & Remediation Legal Liability Coverage
Coverage Limits of $1,000,000. Supplementary coverage provided on a claims made basis for claims, remediation costs and legal defense for a defined pollution condition from a covered location or operation. Coverage valid when discovered and reported in accordance with the terms and conditions of the policy. This form details limits of coverage, covered causes of loss, duties of the insured, exclusions and definitions.
Privacy & Network Liability Coverage
Coverage Limits of $1,000,000. Supplementary coverage provided on a claims made basis for defense, indemnification and response expenses resulting from personal data compromise due to breach of personal identifying information in your care, custody and control. Coverage valid when discovered and reported in accordance with the terms and conditions of the policy. This form details limits of coverage, covered causes of loss, duties of the insured, exclusions and definitions.
Training and further explanation is available regarding all sections of the policy.
The description of coverage above is a summary only and is not an insurance policy. This document does not contain a complete, detailed statement or description of all the terms, coverages, exclusions, limitations or conditions of the Pool’s policy. Review your policy for a complete description of terms, conditions and exclusions.
Steve Clark Fast
Questions? Contact our Risk Programs team
Risk Programs Coordinator