Thousands of educational foundations across America do so much to help our children — but you should know that many school activities also carry an element of risk.
Injuries, theft, property damage and other issues can result in lawsuits that may ruin your organization financially. That’s why AIM offers an insurance program tailored to the specific needs of educational foundations like yours.
AIM is proud to support a broad spectrum of Educational Foundations established to support educational and school activities across the country. This is our specialty, and we’ve been helping these organizations determine their liability risks for many years — and we would like to do the same for you.
Our team can help ensure that your organization has the proper coverage for General Liability, Professional Liability, Bond, Property Insurance and more.
Send us an email or call our office at 800-876-4044 to get detailed information about this program or to find out if your foundation is eligible for coverage.
Event Insurance (General Liability) coverage protects you from lawsuits if someone was injured at one of your organization’s activities and held you responsible.
The liability limit for a lawsuit is $1,000,000 or $2,000,000, with no deductible. Some activities covered include skating parties, fall carnivals, bounce houses, dunking booths, fun runs, auctions and more. Injuries resulting from transportation are not covered.
General Liability coverage also has a separate component that gives insureds access to a minimum of $5,000 in medical payments even if no lawsuit has been filed for injuries sustained at one of your organization’s activities.
A Medical Payments limit of $5,000 is included in every General Liability Policy. Options for increased Medical Payments limit are $10,000, $25,000, and $50,000, with no deductible.
Media Liability- We also offer Social Media Liability Coverage as a supplement to your General Liability policy. This coverage is designed to protect you from liability in the event you accidentally misuse or disclose information on your website or other social media site. This includes misuse of the logo, copyright, pictures, confidential information and other misrepresentations or misappropriations.
Embezzlement Insurance (Bond) coverage protects your money. It covers anyone who your organization trusts with the money whether it’s a President, Treasurer, board member, volunteer or courier. If that person embezzles (runs off) with your money, this coverage would replace those missing funds. Standard bond limits are $10,000, $25,000, and $50,000, with a $250 deductible.
(Higher limits are available; Contact AIM for pricing)
The Business Personal Property (Inland Marine) coverage protects your raffle merchandise, auction items, and fundraising supplies while these items are in your possession. This coverage also protects any personal property of your organization such as popcorn machines, snow cone makers, school store supplies, emergency relief supplies, and more. The Inland Marine coverage limits are $10,000, $25,000, and $50,000, with a $250 deductible.
Professional Liability (Officers Liability) coverage protects the organization from lawsuits for “wrongful acts.”
If someone sued the officers of your organization for mismanagement, misrepresentations, dissemination of false or misleading information or inappropriate actions, this coverage would pay to defend you.
This coverage is also referred to as Directors and Officers Liability (D&O). The coverage limit is $1,000,000 with a $1,500 deductible.