Policies to consider include:

Abuse or Molestation Liability
Coverage includes the actual, alleged, or threatened abuse, molestation, or exploitation by anyone of any person while in the care, custody, or control of any insured.

Cyber Liability Insurance
Can cover costs associated with data breaches and cyber attacks on your institution, such as loss of income due to a cyber event, costs for recovering compromised data, costs for repairing damaged computer systems, and more. Can also protect against damages due to loss of a third-party’s information kept. (ie. students, faculty members, etc).

Directors & Officers Liability
Protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing the business.

Employment Practices Liability
Specialized insurance designed to protect against loss incurred in litigating and settling wrongful employment practice liability claims, including wrongful terminations, harassment, discrimination, defamation, and unfair or illegal hiring practices.

Property Insurance
Provides protection for, but not limited to, your building, its equipment, and the business’ personal property within the building against all covered causes of loss such as but not limited to Windstorm, Fire, Earthquake, Theft, and attempted theft.

Professional Liability Insurance
Provides protection for professionals if there are errors or omissions in services rendered. Essentially, it helps cover claims of negligence, misrepresentations, and inaccurate advice. Anyone offering professional services and/or advice to their customers should have this insurance.