MySchool Insurance Program
Specially built for schools and childcare centres like yours.
The MySchool Insurance Program has been serving childcare and private school providers for over 30 years. The program has been designed to address your risks and customized to meet the needs of your evolving industry.
Highlights of the MySchool program.
Owning and operating a business is complicated enough, but when your business is a school or childcare centre, it faces unique risks and challenges. The MySchool Insurance Program offers tailored coverage to protect against the insurance challenges unique to your industry.
We work with specialized insurers to provide you with superior coverage that protects against unexpected loss so you can get back to what’s most important – providing care and education.
Complete coverage schools need.
When the MySchool Insurance Program was developed, we set a new standard for an industry-specific insurance program with direct input from people like you. We’ll work with you to develop a specially tailored insurance program that may include:
Commercial General Liability (CGL)
A CGL policy responds to complaints or statements of claim such as a parent, student or visitor hurting themselves while on your school’s property, or damage to property of others due to negligence of you or your staff. Our program includes commercial general liability up to $25 million.
Errors and Omissions Insurance (E&O)
Your staff have various designations and are considered education and childcare professionals. As such, they are held to a higher standard of care that requires professional liability insurance. This coverage will respond to allegations of failure to deliver or errors in delivering your educational services. If you don’t have this coverage you will be on your own.
Abuse Liability
Allegations of abuse may include complaints of molestation, harassment, corporal punishment or other forms of mental abuse. The MySchool Insurance Program continues to offer occurrence-based abuse which means the policy that was in place when the event occurred will respond – no matter when it is reported. We help our clients understand the difference between claims-made and occurrence policies to make informed decisions with regards to this coverage. The MySchool program includes abuse liability up to $10 million.
Commercial Property
This helps cover costs to repair or rebuild your insured property (including tenant’s improvements) that has been damaged or destroyed by an insured loss like water damage, fire, hail or wind. Not sure if you’re responsible for tenant’s improvements? Contact us for a complimentary lease review at 1.800.461.8562.
Commercial Auto
If your school owns any vehicles, this insurance is essential. You will be working with a dedicated team that understands your coverage needs including limits for loss of use, and passenger hazard coverage for when you transport children.
Director and Officers Insurance
This helps cover legal expenses and protects the personal finances of directors and officers of the school if they are accused of wrongful acts or failing to meet the fiduciary duty of their role.
Employment Practices Liability (EPL)
Society has changed, and that’s why we highly recommend employment practices liability which is usually a component of D&O Insurance. This coverage will respond to allegations of wrongful termination, wrongful hiring, harassment in employment and discrimination.
Employee Benefits Liability
This helps cover legal expenses if your school makes a mistake in administering employee benefits. For example, if the administrator fails to enroll a staff member in the benefits program.
Cyber Liability
What would you do in the event of a cyber incident? A cyber policy means you’ll have a breach response coach to walk you through next steps and forensic services that will help determine if data has been breached. It can also include coverage for legal fees, regulatory fines, public relations, and more.
Special Event Insurance
This provides liability coverage for third party property damage and bodily injury which may occur at a special event, such as a school field trip, dance, graduation or similar type of celebration or excursion.
Umbrella Liability
This provides an additional layer of protection to cover costs that extend beyond the maximum limits available through other types of business liability coverages. It is meant to enhance current risk management policies and essentially acts as a second line of defense when other policies have reached their limits.
We offer group benefits too.
In addition to protecting your business, we provide group benefits and group home and auto insurance under the MySchool Insurance Program. Our Acera Benefits specialist will provide competitive, cost-effective employee benefits plans tailored specifically for childcare providers and private schools.
Attentive & Personalized Service
You’ll be assigned to an Acera Benefits advisor who will provide direct and individualized attention to the design, implementation and management of your group plan.
Cost-Containment Strategies
Your Acera Benefits advisor will ensure your plan aligns with your specific goals and objectives, delivering the maximum value from your investment.
Competitive Staffing Advantage
Your Acera Benefits advisor will source and review services and offerings to ensure your group plan, as part of your total compensation package, helps attract and retain talented childcare providers or teachers.
HR Support & Solutions
Our in-house, CHRP-licensed team will serve as an extension of your business, providing complimentary HR solutions to strategically guide and cultivate your greatest assets — your employees.
Find out more by contacting our MySchool team at 1.800.461.8562 or via our contact form.
Speak to a specialist.
Get in touch with a dedicated advisor on our MySchool team and we’ll get to work building the perfect coverage program for you.
Connect with us at: 1.800.461.8562.
Or fill out our form to get your quote started.
Answering your most common questions.
How much does the MySchool Insurance Program cost?
The cost depends on the individual school. Premiums are impacted by many factors, including:
- Enrollment capacity
- Actual enrollment (full-time and part-time)
- Staffing (full-time and part-time)
- The location(s) of the school and details of building construction
- The replacement value of owned property
- Claims history
- Total revenue of the school
- Coverage chosen (types of insurance, limits, et cetera)
What happens if my enrollment changes throughout the year?
Generally, insurance policies are renewed on a yearly basis. We work with you to determine the right number of student enrollments when you purchase the policy and renew it each year. If you have a change in enrollment, please contact us. We will determine if we need to take additional action with your insurer.
Why is cyber insurance so important for schools?
When it comes to a cyberbreach, it’s not a matter of ‘if’, but ‘when’. The world has changed. Small businesses don’t think they are a target for cyberattacks or phishing scams – but cybercriminals don’t care. One wrong click of the mouse or response to a phone call could put you, your staff and parents at risk. This is why MySchool has worked with cyber specialists to obtain cyber coverage for even the smallest centre or school.
Most traditional commercial insurance policies only protect physical assets. Adding cyber liability insurance can protect your business from privacy breaches and cyberattacks.
Learn about the three trends exposing security vulnerabilities in businesses.
Why is directors & officers (D&O) insurance needed for schools?
Directors and officers of the school can be held personally liable for wrongdoing in their role; this coverage helps protect their personal finances and covers legal expenses in this scenario.
Wrongful acts can include financial mismanagement, failing to provide a safe workplace, and misrepresentation. D&O insurance can cover legal expenses including defence costs, judgement awards and settlements to protect the personal finances of a private school’s directors and officers.
Why should I choose Acera insurance’s MySchool insurance program?
With over 30 years of experience, the MySchool team is dedicated and focused. Our continuing education and industry designation goals provide you with expert service and advice. Our unparalleled knowledge of industry specific underwriting, risk analysis and claims service ensures your independent school or childcare centre is protected with a solution you can rely on.
Why do private schools need insurance?
Private school insurance helps protect your for-profit or non-profit private school by transferring the financial risk of property damage or a liability claim caused by an insured peril. Here are some examples:
If there is a tornado and your school’s facilities are damaged, your insurance can help cover the costs of repair or rebuilding and help replace damaged property like computers and furniture. If a parent sues the school after their child breaks their arm on the playground, your insurance can help cover related medical and legal expenses.
With the MySchool program, you will receive customized private school insurance that meets your school’s individual needs.
Why do Montessori schools need insurance?
Whether your Montessori school, casa or centre is run as a for-profit business or a non-profit organization, you need insurance to protect it financially. Insurance helps cover the costs of an unexpected event, whether that be a tornado or a lawsuit. We can also help you put together a benefits program for your staff and analyze your centre’s unique risks and advise how best to manage them.
Why do daycares need insurance?
Daycare insurance, also referred to as child care insurance, is a specialized insurance designed to provide coverage and protection for businesses or individuals operating daycare facilities or offering child care services. This insurance is crucial for daycare providers as it helps mitigate the risks and liabilities associated with caring for children.
Daycare insurance safeguards any business providing childcare services from the financial impacts of unexpected events. This coverage applies to both full-time and part-time enrollments, as well as before-and-after school programs. Daycare insurance is essential for protecting the financial well-being of daycare providers and ensuring their ability to continue operating in the face of unforeseen incidents or accidents.