Protection for Your Learning Environment
Commercial property coverage designed to protect the physical assets of the educational institution against loss or damage from a broad range of causes
Commercial General Liability Insurance
Designed to protect your educational institution from a loss if you are found legally liable for bodily injuries or property damage to a third party
Educators Errors & Omissions Liability
Provides financial protection and legal defense against lawsuits arising out of the errors and omissions of educators while performing their job-related duties
Defends the entity against allegations of abuse of a student by a staff member and some insurers offer counselling services and crisis management in response to abuse allegations
Directors & Officers Liability
Covers defense of the directors and officers of the entity of alleged wrongful acts in the operations of the entity
A form of Business Interruption coverage that can be purchased to compensate ongoing costs and lost profits in the event the school is locked down
Bomb Scare Insurance
A form of Business Interruption coverage that can be purchased to compensate ongoing costs and lost profits in the event the school has a bomb scare
Addresses employee dishonesty or theft from the educational entity by an employee or in some cases by a third party
Cyber Liability Insurance
Protection of the entity for its responsibility for the release of personal information of others under their control, plus coverage against the potential for cyber-attacks or computer fraud
Tuition Refund Insurance
A program that provides refunds on tuition paid in the event that the student withdraws, or is dismissed during the educational program
FCA is Canada’s Insurance Expert Since 1919
FCA has been providing Canadian companies with insurance since 1919. We have set the industry standard for turnaround time for both new and existing clients. We pride ourselves in ensuring our clients are receiving the best suite of coverages at a fair price.
Your insurance program is designed to address your unique needs and risk appetite based upon your operations. Therefore, programs will differ between institutions like post secondary education and private schools. Your FCA broker will assist in making informed coverage decisions that are right for you. At a minimum, we recommend a policy limit of $2 Million in Commercial General Liability coverage and a minimum policy limit of $5 Million in Abuse Liability coverage but it depends on many considerations.
There is no one size fits all. To understand what is right for your operation, your FCA broker will conduct a market analysis to match the limit to your exposure and risk needs.
The cost of your program varies based on a number of factors. Some of the key considerations that affect pricing are:
- The number of students
- Revenues and tuition sales
- Out of country school trips
- Type of Educational Centre
- Recreational Facilities such as a swimming pool
- Summer programs
To get started, be prepared to provide your FCA broker with a foundational understanding of your educational institution. This information includes but is not limited to:
- Name of owner of corporation that operates the entity
- Description of operations
- Duration of operations
- Background (CV) of key senior level staff
- Number of students, educators, support staff and volunteers
- Annual tuition revenue
- Regulatory body having authority over the entity
- Trade association memberships
- Reference and Police Checks on staff
We have been clients of FCA since 2015. As our advisor, Paul Smith consistently shows expertise in all facets of risk management. His specialty knowledge of the education industry provides annual in-depth review of our insurance needs and ongoing risk management advice. I would highly recommend this firm.
FCA covers us for all our business requirements, from equipment to liability, property, builds and everything in-between. Errol Williams is so patient and helpful; I am always confident that we are getting the best possible coverage at a competitive rate. Always the best service!
Jamie and his team have been great to deal with, providing transparent advice and excellent service!