Charter School Insurance Risks


When setting up an insurance policy for a client, it’s imperative that you correctly target and create the policy as it should be designed for their specific business or organization. One industry where this can get tricky is in the education industry, as private school, public school, and charter school insurance risks will all be different in one way or another.

So what are the legal differences between a charter school and a public school? First it’s important to understand what a charter school is. A charter school is similar to a public school in that any student is free to attend, with free tuition. However charter schools are more innovative as they are designed by educators, parents, or civic leaders and they are attended by choice rather than district requirements. In addition, charter schools are free from most rules and regulations governing conventional public schools.

Being free of most rules and regulations that plague public schools, however, does not mean that charter schools are without legal insurance risks. Charter schools are heavily judged on how well they are able to meet the student achievement goals established by their charter contracts. They must also show that they can perform up to rigorous fiscal and managerial standards. Not doing so not only increases charter school insurance risks; failure to perform up to the established standards could result in closure of the charter school.

Being such an innovative education model, charters are held to higher standards than most public schools. For example, the main reason for charter schools is to ensure that every child has access to a quality education, while most traditional district public schools are able to stay in business no matter how poorly they perform academically. Charter schools were also designed to provide more focus on the kids, and safer, stronger communities. Many charter schools create a community hub, whether it is turning an inner-city ghetto into a safer neighborhood or bringing families in rural America together.

The above mentioned factors are not the only considerations to make when insuring a charter school versus a public school. There are also laws that a charter school must follow that will differ from a public school, which we will discuss more in part 2 of this blog post, in addition to how they are funded.

For more than 25 years, Care Providers Insurance Services has been offering a comprehensive, competitively priced insurance program for non-profit and social service organizations, including charter and private schools. We help keep these schools operating by safeguarding their assets, staff, and students. Please contact us today at (855) 790-7379 to learn more about the coverages we offer.

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