Education

ICA has served educational institutions and learning facilities for decades, including smaller private organizations and some of the fastest growing colleges and professional studies programs in the United States, some with international locations.

Decision makers of educational institutions are constantly reevaluating areas of risk to become knowledgeable as circumstances change within their environment. It is most important that these changing risks and new exposures be identified, especially when they are not addressed in the institution’s operational agreements or transferred to their insurance policies. 

As the educators’ focus on these new risks, which include the exposures in the areas of premises liability on their campuses, which typically include the safety of their students in campus residences, they have to also be concerned about student political ideals such as #metoo movements and BDS sanctions as well as misconduct and sexual harassment that also occur on their premises. Unfortunately, the expansion of these risks also now include active shooter scenarios as well as handling the exposure of a pandemic that affects their environment as well. 

Furthermore, educators face discrimination claims from nonacceptance of students, greater scrutiny of donations to their institutions that may be disguised to allow student entrance that may impune the institution’s reputation, thereby creating another serious liability.

Other causes of action against educators and institutions are triggered by the presence of asbestos or other contaminants becoming discovered on campuses, or their failure to maintain code and regulation requirements. All of these scenarios above are becoming more prevalent and lead to greater financial settlements.

In addition, the institution’s increasing expenses cause the organization to undergo pressure from increasing student-loan debt and the organization’s potentially failing to meet its financial responsibilities. The President, Trustees and other management team members must address all these exposures above as a result of their own management liability being elevated within their organization. ICA’s Risk Management for Directors & Officers addresses the above. 

As educators are key in establishing the foundation of society’s future, the survival and ability of their management, to ensure the ongoing provision of their many services rests on learning how to protect the people and assets upon which they rely. From the growing use of drones, 3-dimensional printing and artificial intelligence, to renovation of and new construction projects, management of habitational residences, provision of medical services, and more, ICA is experienced in helping educators identify, manage and transfer the risks associated with educational institutions’ activities. Therefore, decision makers of these organizations must be flexible and nimble in order to react to their changing environment, so that insurance and risk management programs can be updated and modified in order to protect the organization and themselves. These are the types of issues that today’s trustees and management must protect themselves against, and the associated risks are very real. ICA’s Risk Management and Insurance Coverage Analysis addresses the above. 

As described above, ICA takes a holistic approach to addressing educational institutions’ exposures to loss. This holds true especially as more organizations across the nation are adopting new technology and procedures, integration of outsourced personnel and resources, as well as offering on-site and off-site experiential learning opportunities. ICA’s Clients include public and private schools, colleges and universities, and learning facilities or organizations that produce information tied to their operations.

The following excerpt from one of our clients’ testimonials exemplifies the value provided by ICA:

“Superb!! I have always been impressed with the extent of your knowledge about insurance matters and your ability to convey same succinctly to those less informed. Great job, my friend.” – Client

Contact ICA for a comprehensive list of client references.