Charter schools in Nevada are required to purchase Educators Errors & Omissions (E&O) Insurance, one of the least understood insurance coverages. This coverage protects schools, administrators, and employees from claims arising out of alleged wrongful acts or breaches of duty.
The following are examples of the types of claims that an Educators E&O policy will provide some protection for:
- Failing to provide proper education.
- Improper teacher hiring and training practices.
- Lack of adequate supervision.
- Teaching material that is not age, race, or religiously appropriate.
One of the most important aspects of this insurance coverage is that in addition to paying claims it is legally responsible for paying, the policy will also provide defense costs and attorney assistance to defend the school and other involved parties.
The cost of this type of coverage varies depending upon the school, its operations, the number of teachers it employs, and any prior claims. However, this coverage will usually start at about $1,250 for the year.
If you have any additional questions on this coverage and how it can protect your school, please don’t hesitate to give us a call at (702) 507-6999.