If you are the head of a school or a child care facility, you know how important it is to protect all of the children you are entrusted with supervising. Children are often significantly more vulnerable to sustaining harm than adults. Therefore, it’s essential to take swift action when a child is physically or verbally attacked. Commercial abuse and molestation insurance can be extremely helpful for these types of incidents. Here is a close look at this type of insurance policy.
Why Do You Need Abuse & Molestation Coverage?
Abuse and molestation insurance will be extremely beneficial in the event that a child under your care becomes a victim of physical or verbal abuse. Most such policies will cover claims associated with incidents involving two children or a child and an adult, such as a teacher or another employee at your facility. Claims tied to molestation and abuse (sexual or non-sexual) can often incur high costs, regardless of whether or not they end in judgments or settlements. Once defense costs are factored in, a policy’s limit can rapidly disappear.
Services that are specific to abuse and molestation insurance may include:
- Crisis management toolkit
- Helpline from Praesidium, a youth sexual abuse prevention organization
- Abuse training courses
A variety of industries are advised to introduce screenings and other sound hiring practices to ensure that no abusive individuals join your organization. Any incidents of severe verbal or physical abuse should always be reported immediately to the head of your facility and/or to local law enforcement, in cases involving the latter.
Some insurers provide limited liability coverage for negligence related to sexual abuse or molestation (LLSAM). This offers protection against claims alleging wrongful acts associated with:
- Negligent employment
- Supervision
- Retention
- Investigation
- Reporting
- Failure to protect someone from sexual abuse
This type of coverage may apply to a wide range of insured parties, including school volunteer workers.
What Are The Limits For Abuse & Molestation Claims?
The maximum dollar limits for abuse and molestation claims typically vary from one insurer to another. However, limits may sometimes be as high as one million dollars per claim.
If you acquire an umbrella policy, your insurance carrier may offer limits that are higher-than-average. Incidents of abuse and molestation can often tarnish a school or child care facility’s reputation. Therefore, it’s critical to obtain adequate protection in order to resolve such claims efficiently.
Speak To The Commercial Insurance Brokers
Reach out to the commercial insurance brokers at CI Solutions to learn more about the many benefits of acquiring abuse and molestation insurance. We are an independent commercial insurance brokerage that works with top-rated carriers to provide comprehensive commercial insurance solutions to a wide variety of clients.
Regardless of your needs and budget, we will always thoroughly explain policy coverage, provide expert recommendations, and resolve your claims efficiently. Call CI Solutions today at 703.988.3665 or contact us online for more information about our abuse and molestation insurance policies.